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VIKAS PARSHURAM SAMWATSARE

AND

Universal Sompo General Insurance registers 15% decline in premium collection during Nov

 

News Details
Universal Sompo General Insurance has reported a decline of 15 per cent in gross premium at Rs 36.98 crore in November 2012 against Rs 43.59 crore in November 2011. The premium collected was significantly lower than that collected in October 2012 as it had surged by 80 per cent to Rs 47.16 crore in October 2012. The insurance company’s premium collection rose by 31 per cent to Rs 331.24 crore during the period April- November 2012 against Rs 252 crore during the period April- November 2011. In November 2012, the total gross premium underwritten by the non life insurance sector stood at Rs 5,158.21 crore.
The private non life insurance sector has underwritten gross premium worth of Rs 2,338.28 crore, up 25 per cent in November 2012 while the private non life insurance sector grew by 22 per cent to Rs 18,829.02 crore during April- November 2012. Similarly, the public non life insurance sector has underwritten gross premium worth of Rs 2,819.93 crore, up 15 per cent in November 2012. The public non life insurance sector grew by 18 per cent to Rs 25,622.30 crore during April- November 2012. Universal Sompo General Insurance is a joint venture between the Allahabad Bank, Sompo Japan Insurance Inc, Dabur investments, Karnataka bank and Indian Overseas bank. The insurance company, with more than 75 general insurance products in its basket, is catering to all the needs of its promoter bankers such as Allahabad Bank, Indian Overseas Bank and Karnataka Bank Ltd.

 UBS downgrades Colgate citing higher valuations


Market Eye - UBS downgrades Colgate Palmolive India Ltd  to "neutral" from "buy", saying the stock has well outperformed the consumer sector since October 1, 2012.

However, UBS says it remains a believer in Colgate, raising its target price to 1,720 rupees from 1,600 rupees.

"Colgate India is one of the most fundamentally sound companies in the consumer space, and that its brand strength and competitive management will continue to drive growth and margin expansion," UBS says in a note dated Thursday.

Colgate has risen 27.7 percent since the close of September 2012 compared with the BSE FMCG index's 5.5 percent rise in the same period.

Colgate shares fell 1.1 percent to 1,524.75 rupees.

 HC stops Sterling Biotech from selling, mortgaging assets

 

News Details
Gelatin maker, Sterling Biotech has been prevented by the Bombay High Court from mortgaging or selling its assets. The high court has given this order on January 09 in a winding up petition filed by the holders of foreign currency convertible bonds (FCCBs) issued by the company. In the year 2007, Sterling Biotech had issued USD 250 million convertible bonds, of which the company has redeemed and converted 46 per cent of the initial issue, amounting to approximately USD 115 million. The company was supposed to repay the maturity amounting to USD 184 million on May 17, but failed to do so. In their plea, bondholders had said that in the past, the company had disposed of its interests in a Nigerian oil well to a group firm at very low prices. The bondholders added that further dilution of assets is likely to hurt the interest of lenders. “Company has already divested its substantial equity holding in Sterling Oil Resources Limited (“SORL”).
It appears that the shares have been sold at an undervalue. The Company had provided a valuation report dated 27 October, 2011 which purports to determine the fair value of the shares held by the Company in SORL,” the bond holders had said in their petition. “It (Sterling Biotech) cannot dispose of or create third party interest in its assets on one hand, while seeking adjournment in the matter for filing reply on the other hand. It will be therefore, necessary at this stage to direct the respondent Company not to create any new rights in respect of its assets, except in the usual course of business, till the next date of hearing, and it is so directed,” Justice, N M Jamdar said in his order.

  

GAIL to raise capacity at Dabhol LNG terminal

 

 MUMBAI  - GAIL Ltd  plans to raise capacity at its Dabhol LNG terminal to 7 million tonnes in two years from 5 million tonnes now, its Chairman B.C. Tripathi said on Thursday.

The state-run gas transmission company, which commissioned its 5 million tonne Dabhol liquefied natural gas (LNG) terminal on Thursday, is considering buying 6 to 7 LNG carriers and will decide on it in 3 to 4 months.

GAIL will get the first cargo to start its Dabhol LNG terminal on January 24 from Russia's Gazprom. It had signed a 20-year agreement to source LNG from Gazprom.

 

 

!!  SAI PARSADAM !!

VIKAS PARSHURAM SAMWATSARE

*********************************************************************

RBI’s proposal to increase LTV ratio likely to assist gold loan cos

News Details
The Reserve Bank of India’s (RBI) proposal to increase the loan to value (LTV) ratio from 60 per cent to 75 per cent is expected to assist the gold loan companies in increasing their business volume, ICRA said in a report. "Standardization of valuation of gold and increase in the LTV cap from 60 per cent to 75 per cent would help gold loan companies increase business volume," the report stated. While recognizing the positive role of banks as well as non-banking financial companies (NBFCs) in monetizing gold, the report said that the gold loan NBFCs are not likely to increase their current market share as banks have a competitive advantage over such NBFCs.
"As banks enjoy a competitive advantage over NBFCs, and given the healthy risk-adjusted returns and growth prospects in the gold loan segment, banks could step up the pace of growth of gold loans. Were this to happen, the market share of NBFCs in gold loans may not increase from the current 28 per cent by FY12-end," the report added. However, the rating agency added that the growth rate of gold loan companies is likely to witness a slowdown as against the last 3 years due to their significant dependence on the wholesale funding sources. "Significant funding constraints (despite possible easing) may slow down the pace of growth of gold loan companies, as such entities are highly reliant on wholesale funding sources," the report said.
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Govt seeking to amend controversial tax rules next month

 The government is likely to approach parliament next month to water down retrospective tax rules that damaged investor confidence, two finance ministry officials said on Monday, a move that may help settle British-based Vodafone Group Plc's long-runnning $2 billion tax dispute.

Vodafone, the largest overseas corporate investor in India, has repeatedly clashed with Indian authorities over taxes since it bought Hutchison Whampoa's local mobile business in 2007.

The government was heavily criticised by the corporate sector for introducing the tough tax rules last year at a time India was suffering a sharp economic slowdown and trying to encourage investment.

Finance Minister P. Chidambaram has for several months been considering recommendations by a government panel that said past mergers and acquisitions should not be taxed.

Vodafone, the world's biggest mobile operator by revenue, said in a statement last week that it had received a reminder from Indian tax authorities on the disputed tax dues, adding it believed that no tax was payable on the deal.

"(The) Finance Minister is likely to approach the parliament next month on the retrospective issue," said a senior finance ministry official, who asked not to be identified because of the sensitivity of the issue.

He declined to say whether the government was considering a waiver of the entire tax bill or cancelling interest and penalty charges on the original tax demand.

However, the officials said Chidambaram was likely to introduce amendments in the 2013 Finance Bill to revise the amendments that were introduced last year along with the budget.

Then Finance Minister Pranab Mukherjee introduced an amendment enabling authorities to make retrospective tax claims on long-concluded corporate deals after the Supreme Court had quashed the government's tax demand on Vodafone.

A committee headed by the finance minister's economic adviser, Parthasarathi Shome, has recommended that past mergers and acquisitions should not be taxed, or the government should waive both interest and penalty.

The officials said Chidambaram was looking at the recommendations to work out a solution to the Vodafone dispute by considering its impact on revenue receipts as well as investor sentiment.

They said the government needed parliament's nod to provide tax relief to the company, as this would also affect tax demands amounting to at least $5.5 billion for other such deals.

On Saturday, the Economic Times reported that tax authorities had asked Vodafone to pay 140 billion rupees, including interest on the tax dues.

One official said the letter was just a reminder to Vodafone to pay the tax following last year's amendment in the Act. "It is not a fresh tax notice," the official said, adding the parliament could provide relief.

The official said Vodafone had also expressed willingness to hold talks, and a solution could soon be reached.

Last April, Vodafone threatened the Indian government with arbitration proceedings in its fight over the retrospective tax proposal.
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Tata Power’s subsidiary commissions fourth 800 MW unit at Gujarat power plant 

 

News Details
Tata Power said that its subsidiary has synchronised the fourth 800 MW unit of its Mundra power plant in Gujarat. The development was achieved by its wholly owned subsidiary Coastal Gujarat Power Ltd. “The synchronisation of Unit 4 of the Mundra ultra mega power project is a significant milestone given the critical power shortage situation in the country. The Mundra power plant is one of the most efficient and environment-friendly plants based on super critical technology,” said Tata Power, MD, Anil Sardana.
Prior to the development, Tata Power has commissioned the first 800 MW at the plant in March 2012, while the second and third unit was commissioned in July and October 2012 respectively. Meanwhile, with the development in place, the total thermal power generation capacity of Tata Power has reached at 6847 MW.
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Govt likely to infuse $544 mln in FY13

 The government has indicated a capital infusion of 30 billion rupees into State Bank of India in the current fiscal year ending in March 2013, the bank's chairman said on Monday.

The infusion into the country's biggest bank will be done through a preferential allotment of shares, Pratip Chaudhury told reporters.

Capital infusion plans for the next financial year have not been finalised yet, Chaudhury added.
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 RAKBANK implements Infosys’ Finacle to improve customer services

 
Talking about another milestone achieved, Infosys said that the National Bank of Ras Al-Khaimah (RAKBANK) has announced the successful implementation of Infosys Finacle core banking solution. “The bank is now harnessing the full power of Finacle to better anticipate customer needs, improve customer experience and launch innovative products faster,” said the company in a filing to Bombay Stock Exchange. With the implementation, the bank gets to enjoy the comprehensive customer information provided system and thus utilising the same in bringing new product to the markets.
Additionally, the solution also automates the core functions of the bank’s data centers ensuring reduction in manual errors and streamlined operations. “RAKBANK is one of our valued customers in the Middle East. This partnership with Infosys Finacle is just the beginning of a transformation that will help RAKBANK deliver best-in-class banking to its customers across the region,” said Infosys, Finacle, Global Head, Haragopal M.
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Consumers will adjust with fuel prices hike if done in phased manner

 
Happy with the government’s nod to let state run oil firms hike the prices of fuels in the year, Bharat Petroleum Corporation Limited (BPCL) said the hike would be done in a phased manner over a period of one year as it will help consumers adjust to the same. “We should increase it in a phased manner. It can be a rupee per month which will not be a shock to the consumer… Since the hike will happen over a period of one year, it will help consumers adjust to the hike,” said BPCL, chairman, R K Singh.
The statement was given on the back of Finance Minister P Chidambaram announcing a roadmap to decontrol diesel and other petroleum products in a phased manner. The development brought cheers to the loss making oil companies, which are incurring losses despite government compensating for subsidising diesel alone. As per the calculations, the oil companies are incurring losses of over Rs 10 on every litre of fuel sold.

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NEWS COPYRIGHT VIKAS PARSHURAM SAMWATSARE 

 
Published on Monday, January 07, 2013

!! SAI PARSADAM !!

BIG BOSS

VIKAS PARSHURAM SAMWATSARE

BIG BOSS VIKAS  PARSHURAM SAMWATSARE

NEWS AND TIPS
DATED 10/7/12

Sell Oil India with a target of 450

 

Buy Tata Chemical with a target of 334

 

Buy Dena Bank with a target of 108

 

 VIKAS P SAMWATSARE "Goldman Sachs Investments offloads 6.55 lakh shares of OnMobile"::::oreign fund house Goldman Sachs Investments Mauritius today sold 6.55 lakh shares of telecom value-added services provider, OnMobile Global, for Rs 2.22 crore through open market transaction.

According to bulk data available with the stock exchanges, Goldman Sachs Investments Mauritius offloaded 6,55,632 shares of OnMobile Global for Rs 34.01 apiece, valuing the deal to Rs 2.22 crore. 

Buy Dena Bank with a target of 110

Buy Central Bank of India with a target of 90

 

 

 

Buy Central Bank of India with a target of 90

BIG BOSS VIKAS  PARSHURAM SAMWATSARE

DATED 09/07/2012 

INDIAN STOCKS MARKET ANALYSIS, AND INVESTMENTS ADVISER. I GIVE STOCK PICKS, IDEAS FOR THE VALUE INVESTOR, MARKET ANALYSIS, INFORMATION. I AM MASTER ON NIFTY CALL AND PUT CALLS..

STOCK MARKET  AND MCX MARKET 

VIKAS PARSHURAM SAMWATSARE : I have a buy on Adani Enterprises but this is a CDs call. It is for the month of July. One can buy at slightly lower levels and it looks like a decent pick. With stop loss of around Rs 222 and a target of Rs 246, Adani looks good.

A slightly shorter term call would be Yes Bank that has given a breakout. So that would be more of an intraday call, around Rs 360, stop loss of Rs 352 and target of Rs 376. 

VIKAS PARSHURAM SAMWATSARE : High risk, but yes. If you look at BP, HP and IOC in that order, IOC has technically been the most beaten down. It had just recently posted a fresh probably 4-year low. So from that point of view, the stop loss is closer.

So I would prefer to go for an IOC, HP and BP in that order. IOC would be a pick for me and it has also given a weekly breakout today. So that does look interesting for Monday morning. 

VIKAS PARSHURAM SAMWATSARE : One buy and one short sale, hedging the bet a bit because of the slightly indifferent finish to the week. The buy is in IFCI with a stop loss of Rs 40 and the target of Rs 43. This is roughly a one-week holding period.

Ranbaxy is the short sale with a stop loss of Rs 513 and a target of Rs 491. This would best work out as a day trade on Monday but throughout the week for day traders, this could be one of the stocks to look for shorting whenever the market is a bit weak. 

 

Buy BPCL with a target of 790 BPCL is a 'BUY' call with a target of Rs 790 and a stop loss of Rs 755.VIKAS P SAMWATSARE 

Buy ITC with a target of 262

  ITC Ltd is a 'BUY' call with a target of Rs 262 and a stop loss of Rs 247

 

Buy Hindustan Lever with a target of 460

 

 

Buy Ranbaxy with a target of 512

 Ranbaxy Ltd is a 'BUY' call with a target of Rs 512 and a stop loss of Rs 490.

 

Bank Nifty has single-handedly made the market look positive

 What is the ticker telling you -- be stock specific and trade on the Bank Nifty next week?

 

VIKAS PARSHURAM SAMWATSARE : Yes, I think so. Bank Nifty has given a breakout, has sustained above the breakout levels and has posted a fresh 2-month high. That is the sector which has single-handedly made the market look positive and has taken it up. A minor cool off here and there is fine, of course. Being scrip-specific would be the order of the day in Bank Nifty because the mainline stocks do not seem to be going anywhere.

 2.Have you identified any trading opportunity in Pantaloon or Shoppers Stop?

VIKAS PARSHURAM  SAMWATSARE : I would say Pantaloon but that would be more from a slightly longer term point of view, because it has moved up for almost 7 or 8 weeks in a row. It moved up from sub-Rs 130 to Rs 200.

Rs 200 was also the intermediate high posted in the beginning of the calendar year. So there is going to be some supply coming in. So post this supply, Pantaloon could do wonders. That is also the monthly resistance level.

 What are you reading on the charts for Tata Motors and Maruti Suzuki?

VIKAS PARSHURAM SAMWATSARE : Both are slightly different. Tata Motors has not done much. Maruti actually has not done anything for a long time. It was in hibernation and now it is working its way up.

Tata Motors has been range bound in Rs 220-250 levels for quite sometime. There is some near term strength coming in. Tata Motors does look good from a near term point of view.

Maruti has had a decent if not a great run up. We are just walking into a brick wall at Rs 1250 plus levels. There is a major congestion area coming in between Rs 1250 and Rs 1400. So we are just over there. So Maruti could stagnate a bit. Tata Motors has got relatively more headroom than Maruti.

VPS GROUP AND SAI PARSADAM GROUP S

PARSADAM STOCK MARKET PARK

• PARSADAM STOCK MARKET PARK WEEKLY REPORT
  

INDIAN STOCKS MARKET ANALYSIS, AND INVESTMENTS ADVISER. I GIVE STOCK PICKS, IDEAS FOR THE VALUE INVESTOR, MARKET ANALYSIS, INFORMATION. I AM MASTER ON NIFTY CALL AND PUT CALLS..

Sunday, July 3, 2011

THIS WEEK SUCCESS RATION 101 %

PARSADAM

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Time of Stock Ideas come back

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  AFTER BUY CALL NIFTY WE BOOK PROFIT @ 5555. NOW AGAIN GO SHORT @ 5970 TGT SOON... PAID CLIENT GIVEN???

THIS WEEK OUR CLIENT MADE LOT"S OF MONEY 

JACKPOT CALL:
BUY JUBILATFOOD @ 800 BOOK @900

MADE LOTS OF MOENY

JOIN US TO EARN MONEY 100% SURE CALLS 

DATE  27/06/2011

BUY BHARTI ABOVE 392 TGT 396/399 SL 388 SELL BELOW 387 TGT HIT

BUY TATA STELL ABOVE 582 TGT 588/595 SL 578 SELL BELOW 575 TGT HIT

BUY MARUTI ABOVE 1125 TGT 1145/1160 SL 1110 TGT HIT BLAST

BUY LIC @ 227 TGT 231/234 SL 224 TGT HIT

BUY SUNTV @ 364 TGT 368/372 SL 362 TGT HIT

SELL RIL BELOW 860 TGT 850/540 SL 870 OPEN

TODAYS PAID CLIENT CALLS:

BUY YES BK @ 308 TGT 312 TGT HIT

BUY RCAP @ 530 GT 540 TGT HIT

BUY NIFTY  5500 TGT 5555 TGT HIT

BUY LT@ 1750 TGT 1775 TGT HIT

BUY ICICI BK@ 1050 TGT 1070 TGT HIT

COMMODITIES 

SELL  SILVER @ 51500 TGT 51000 TGT HIT
SELL GOLD@ 22190 TGT 2140 TGT HIT

BUY CRUDEOIL@ 4085 TGT 4110 TGT HIT

CURRENCY 

BUY EURO 63.8 TGT 63.9

DATE 28/06/2011

BUY BHARTI ABOVE 392 TGT 396/399 SL 388 SELL BELOW 387 TGT HIT

BUY TATA STELL ABOVE 582 TGT 588/595 SL 578 SELL BELOW 575 TGT HIT

BUY MARUTI ABOVE 1125 TGT 1145/1160 SL 1110 TGT HIT BLAST

BUY LIC @ 227 TGT 231/234 SL 224 TGT HIT

BUY SUNTV @ 364 TGT 368/372 SL 362 TGT HIT

SELL RIL BELOW 860 TGT 850/540 SL 870 OPEN

TODAYS PAID CLIENT CALLS:

BUY YES BK @ 308 TGT 312 TGT HIT

BUY RCAP @ 530 GT 540 TGT HIT

BUY NIFTY  5500 TGT 5555 TGT HIT

BUY LT@ 1750 TGT 1775 TGT HIT

BUY ICICI BK@ 1050 TGT 1070 TGT HIT

COMMODITIES 

SELL  SILVER @ 51500 TGT 51000 TGT HIT
SELL GOLD@ 22190 TGT 2140 TGT HIT

BUY CRUDEOIL@ 4085 TGT 4110 TGT HIT

CURRENCY 

BUY EURO 63.8 TGT 63.9

DATE 29/06/2011

BUY ARVIND @ 79 TGT 82/84 SL 77 TGT HIT

BUY BHEL @ 1995 TGT 2015/2028 SL 1980 SELL BELOW 1960 BLASTTTT TGT HIT

SELL RIL BELOW 860 TGT 850/540 SL 870 OPEN

BUY LT ABOVE 1805 TGT 1815/1830 SL 1797 SELL BELOW 1775 OPEN

BUY HINDALCO ABOVE 182 TGT 185/188 SL 180 TGTHIT

TODAYS PAID CLIENT CALL

BUY COLAPAL @ 955 TGT 975/1000 BOTH HIT

BUY AMRUTANJAN @ 525 TGT 550 TGT HIT

BUY RANBAVI@ 544 TGT 548 TGT HIT

BUY LIC@ 236 TGT 240 TGT HIT

BUY HANUNG @ 128 TGT 135/140/145 BOTH HIT

BUY HDFCBK@ 2425 TGT 2470/2500 BOTH HIT

COMMIFTIES

BUY SILVER@ 51100 TGT 51450 TGT HIT

BUY CRUDEOIL@4170 TGT 4205/4224 TGT HIT

BUY COPPER@ 407 TGT 410/412 TGT HIT

CURRENCY 

BUY EURO@ 64.4 TGT 64.5 TGT HIT

DATE 30/06/2011

BUY FT @ 872 TGT 880/888 SL 865 TGT HIT

BUY RANBAXY@ 548 TGT 552 /558 SL 544 SELL BELWO 543 BOTH TGT HIT UP AND DOWN

BUY TATA ST ABOVE 603 TGT 608/615 SL 598 SELL BELOW 595 TGT HIT

BUY LT ABOVE 1805 TGT 1815/1830 SL 1797 SELL BELOW 1790 TGT HIT

CARRY BUY BHARTI 420 JULY CA@ 6 TGT 12/15 SL 4 OPEN

LIC AND BHARTI HAVE FRESH BREAKOUT SO WATCH IT ALSO

TODAYS PAID CLIENT CALL

BUY CESC@ 303 TGT 308 TGT HIT
BUY TCS@ 1170 TGT 1180 TGT HIT
SELL MARUTI @ 1177 TGT 1161 TGT HIT
BUY ICICI BK@ 1074 TGT 1095 TGT HIT
BUY RIL@ 890 TGT 900 TGT HIT

COMMDITIES

SELL SILVER@ 51750 TGT 51300 TGT HIT

CURRENCY 

SELL USD@ 44.97 TGT 44.88 TGT HIT

DATE 01/07/2011

BUY JPASS ABOVE 81.2 TGT 82..5/84/86 SL 79 TGT HIT

BUY TATA GLOBAL @ 95 TGT 97.4/98.9  SL 94 TGT HIT

BUY LIC@ 241 TGT 244/248 SL 238 SELL BELOW 235 OPEN

SELL DLF BELOW 209 TGT 205/202 SL 212 BUY ABOVE 215 TGT HIT

BUY BATA TGT 635/650 SL 590 TGT HIT

BUY SBI ABOVE 2410 TGT 2425/2440 SL 2395 SELL BELOW 2385 TGT HIT

LONG TURM VIEW : OUR NIFTY 1 TGT ACHIVED 5360 WE SHORT FROM 6080  !!!!!!!
OUR NEXT TGT 4800 /4200 !!!!!!!!!!!!!!!

YES!!!!

THIS WEEK OUR JACKPOT DELIVARE CALLS:

BUY JUBILANTFOOD @ 800BOOK @ 900

PARSADAM

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Time of Stock Ideas come back

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VIKAS PARSHURAM SAMWATSARE  RESEARCH...

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