Saturday, April 13News That Matters

Stocks

HDIL – Merill Lynch buys 30 lakh shares for Rs 29 crores

Stocks
05-Aug-2014 -  Merrill Lynch Capital Markets Espana today picked up over 30  lakh shares of real estate player Housing Development and Infrastructure Ltd (HDIL) for nearly Rs 29 crore through the open market route. A  total of 30,50,000 shares of HDIL were acquired by the Merrill Lynch Capital  Market arm, bulk deal data with the stock exchanges showed. The shares  were acquired for an average price of Rs 94.73 apiece, bringing the transaction  value to Rs 28.89 crore. Earlier this year, On June 27, 2014, Citigroup Global Market Mauritus Private Limited bought 40,00,000 shares at Rs 94.05 n the NSE.    ( Read Post)  5/4/2014   -  Nomura Singapore Limited bought 44,11,000 shares of Housing Development and Infrastructure at Rs 67.45.  (Read Post) 27/Mar/2014  -  Kotak Securities  p...

4 Midcap Technical Picks for Long term – HDFC Sec

Stocks
Most midcaps are trading below their 2008 highs and they make a good case for  allocation over pure large caps. Following are technical recommendations from HDFC Securities on stocks which have the potential to turn into multibaggers in the long-term period. IDBI Target price Rs 230 Upside: 152 % Jain Irrigation Target price Rs 252  Upside: 140 % Crompton Greaves Target price Rs 400  Upside 122% Adani Enterprises Target price  Rs 766 Upside 80%

Top 25 bets by Goldman Sachs, BofA-ML, Deutsche Bank, UBS

Stocks
After rallying over 24 %  so far in the year 2014, the Indian markets are now taking a breather. According to most analysts, the hope-based rally is largely over and the markets are likely to consolidate in the near term, but the broader trend for the market largely remains on the upside. We have collated a list of stocks and sectors where global brokerage firms are betting on: (Source: ET) Goldman Sachs -  The brokerage house recommends stocks with strong earnings potential and better earnings visibility such as TCS, HCL Technologies, ICICI Bank, IndusInd Bank, Power Grid and L&T. It has maintained its  overweight stance on sectors such as banks and industrials. Deutsche Bank - continue to reiterate overweight on domestic cyclical. With slowdown in decision ma...

Kotak Bank to buy 15% of MCX from FTIL for Rs 459 crore

Stocks
Kotak Mahindra Bank has agreed to buy a 15 % stake in Multi Commodity Exchange of India (MCX ) from Financial Technologies (India) Ltd (FTIL) for Rs 459 crore.  the deal.  The deal values MCX at Rs 3060 crore (Rs 601/sh) whereas the stock closed at Rs 786.25 on Friday. It seems that deal is done at discount, but note that prices are increased only in this month. It was hovering around Rs 600 for quite some time. Kotak Bank has shown this interest, they send a non binding bid in April, it was at Rs 550. FTIL originally held 26 % in MCX and had to divest its stake as it was deemed not ‘fit and proper’ by Forward Markets Commission (FMC), owing to the Rs 5,600-crore NSEL fiasco. FTIL said that it would continue with its divestment process to sell the remaining 5% subject to the receipt ...

ICICIDirect – Top 7 stocks that can give 20-30 % return

Stocks
In a chat with ET Now, Pankaj Pandey, HoR, ICICIdirect.com, shares his views on top stock ideas.  Over the next 1 year or probably six quarters, we would like to believe that lot of stocks can give those kind of returns. So these are the kind of names we would believe that can give returns upwards of 30 % over  the next five to six quarters.   The seven stocks that  can give these returns are :    JK Cement Oil India, GAIL Taj GVK  Greaves Cotton Mahindra CIE Mahindra Lifespace.

HSBC top picks in Agri sector

Stocks
HSBC has initiated coverage of Indian agricultural sector with following stocks Kaveri Seed Company  - seed supplier   (overweight' ratings) PI Industries Ltd  -  agrochemical firm   (overweight' ratings) HSBC cited their "growth profiles, favourable sector trends and attractive valuations HSBC said projections for country's food demand could see agricultural yields improving by 1.7 per cent annually, making companies in this segment "stronger gainers in coming years."  The investment bank also initiated UPL limited with an "overweight" rating, calling the company "India's only genuine play on global crop protection." But HSBC initiated Rallis India Ltd with a "netural" rating, saying a recent rally has made valuations rich.

Rakesh JhunJhunwala buys 5 lakh shares of MCX

Stocks
On July 15, 2014. Rakesh Radheyshyam Jhunjhunwala bought 4,90,000 shares of Multi Commodity Exchange of India at Rs 734.49 on the BSE. Total deal worth approx Rs 36 crores Last week, he bought 10 Lakh shares of MCX @ Rs 664 . Read news   Also Read – Rakesh Jhunjhunwala Latest Portfolio Holdings – July 2014 In the previous trading session, the share closed at Rs 769.00, up Rs 62.25, or 8.81 percent. It has touched a 52-week high of Rs 783.40. The company's trailing 12-month (TTM) EPS was at Rs 29.95 per share. (Mar, 2014). The stock's price-to-earnings (P/E) ratio was 25.68. The latest book value of the company is Rs 256.77 per share. At current value, the price-to-book value of the company was 2.99. The dividend yield of the company was 3.12 percent.

Rakesh Jhunjhunwala buys 2% stake in MCX for Rs 66 crores

Stocks
Rakesh Jhunjhunwala today purchased nearly 2% stake in commodity exchange MCX for over Rs 66 crore ( @ Rs 664 / share) According to information available with the stock exchanges, Financial Technologies (India) Ltd (FTIL) has sold a total of 10.19 lakh shares, amounting to 2% stake in MCX. FTIL diluted its holding in MCX from 26 % to 24% . Jhunjhunwala picked up 10 lakh shares of Multi Commodity Exchange (MCX) on an average price of Rs 664 per share. This values the transaction at Rs 66.4 crore.+   Also Read - Rakesh Jhunjhunwala Latest Portfolio Holdings - July 2014   These transactions took place at a time when parleys are being held on for sale of 24 per cent stake by Jignesh Shah-promoted FTIL in MCX and the interested  bidders include Kotak Group and Reliance Capital. However, the st...

Citigroup buys 40 lakh shares in HDIL

Stocks
On June 27, 2014, Citigroup Global Market Mauritus Private Limited bought 40,00,000 shares at Rs 94.05 n the NSE. Unisuper Limited as Trustee for Unisuper sold 23,01,406 shares of  Housing Development and Infrastructure  (HDIL) at Rs 91.46 on the NSE.   Earlier in Mar-April 2014, Nomura & kotak has picked stakes in HDIL .  Read News.   In the previous trading session, the share closed at Rs 96.90, up Rs 5.00, or 5.44 percent. The share touched its 52-week high Rs 113.85 and 52-week low Rs 26.10 on 09 June, 2014 and 07 August, 2013, respectively. The company's trailing 12-month (TTM) EPS was at Rs 5.84 per share. (Mar, 2014). The stock's price-to-earnings (P/E) ratio was 16.59. The latest book value of the company is Rs 248.84 per share. At current value, the price-to...

Top four stocks Rakesh Jhunjhunwala likes

Stocks
Speaking at a CII conference yesterday, Jhunjhunwala of Rare Enterprise said, "One should buy companies which have strong managements and good corporate governance. Always look at opportunities with tremendous growth potential." Big bull Rakesh Jhunjhunwala is betting on four stocks - Rallis India, Titan, Colgate Palmolive and Praj Industries. Also read - Rakesh Jhunjhunwala Latest Portfolio Holdings  He explains why he's betting on the above-mentioned four stocks: Colgate Palmolive: The first thing which investors should look at is 'opportunity'. Without opportunity, there can be no economic activity and without economic activity, there can be no profitability. For example, if we look at Colgate Palmolive, I look at the present demand for toothpaste in India and the potential for growth...