Mahindra Holidays will debut in Stock Exchagnes on 16th July'09

Mahindra Holidays shares will be listed in Stock Exchanges on 16th July'09. Earlier Mahindra Holidays issued shares @ Rs.10/-face value shares at Rs.300 per share.

The initial public offer of Mahindra Holidays has been priced at Rs 300 per share. The IPO had a price band of Rs 275-325 per share. The entire IPO oversubscribed 9.8 times. QIB portion was 12 times oversubscribed. High networth individuals was a little over a 10 times oversubscribed and retail was little over 3.3 times oversubscribed.(thebullishtrends)

Allotment Status : MAHINDRA HOLIDAYS

Please click the word STATUS to get the Allotment Status of Mahindra Holidays. The entire IPO subscribed 9.8 times. For Listing detailes and expected listing price please keep follow this site.(thebullishtrends)

Uco Bank plans to come Public Issue with a price band of Rs.40-50

As per the latest reports Govt PSU Bank Uco Bank(Cmp:Rs.40.35) is planning to raise Rs.500-600 crore via public issue by offering shares with a premium of Rs.40-50 per share in this financial year. The Govt is having a stake of 63.59 in Uco Bank, it will come down to 52 percent post issue. Uco Bank is having capital adequacy ratio 11.95 at March 31st 2009.(thebullishtrends)

Mahindra Holidays fixed issue price Rs.300 per share

The initial public offer of Mahindra Holidays has been priced at Rs 300 per share. The IPO had a price band of Rs 275-325 per share. The entire IPO oversubscribed 9.8 times. QIB portion was 12 times oversubscribed. High networth individuals was a little over a 10 times oversubscribed and retail was little over 3.3 times oversubscribed.(thebullishtrends)

Bombay Highcourt approved RIL and RPL merger

The Bombay Highcourt has approved the RIL(Cmp:Rs.2084) and RPL(Cmp:Rs.129) merger with a four week stay order. We are expecting that these will be some momentum in these stocks on Tuesday.(thebullishtrends)

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Power Packed Stock "POWER GRID"

POWERGRID Corporation of India Ltd(CMP:Rs.108) has been carrying out its responsibilities efficiently in the Construction,Operation & Maintenance of inter-State transmission systems and operation of Regional Power Grids. It has been notified as the Central Transmission Utility (CTU) of the country. Ever since its inception in 1992, POWERGRID has established a transmission network of about 69,480 circuit kms and 116 sub-stations having more than 77,217 MVA transformation capacity. At the begenning of its commercial business, the initial network was only 22,220 circuit kms and 42 substations with transformation capacity of 12,200 MVA.

Based on its impeccable performance in a short span of time, POWERGRID was recognized as the Miniratna Category–I PSU by GoI w.e.f. Oct’98. POWERGRID has achieved many milestones & established benchmarks in various areas of its business operations and now plays a strategic role in the Indian Power Sector in establishing & maintaining the transmission infrastructure. Recognising POWERGRID’s sterling performance, the Government of India conferred the status of “Navratna” to POWERGRID w.e.f 1st May, 2008.

The state owned transmission PSU currently having a network of 71,500 circuit kilometers (km) compared with 67,000-circuit km on 31 March 2008. PGCIL carries about 45% of the total power generated in India. Power Grid Corporation of India owns and operates most of India's inter-state and inter-regional electric power transmission system.

Power Grid Corporation of India'snet sales rose 50.6% to Rs 2,287.89 crore in Q4 March 2009 over Q4 March 2008. The company's net profit rose 16.7% to Rs 1,690.61 crore on 42% increase in net sales to Rs 6,675.85 crore in the year ended March 2009 over the year ended March 2008.

Powergrid declared a final dividend at the rate of Rs 0.70 per share (7%).

We expect ROE will improve in the coming years due to large cap expansion plans and monopoly in business. More and more power projects will start functioning in the coming years, these projects requires transmission lines for carrying the power to various beneficiaries. Powergrid is only the company having such kind of business in India.

The current price of Powergrid is at Rs.108 discounts Q4 March 2009 annualized EPS of Rs 5.86, by a PE multiple of 18.43.

It is better to start accumulation of this stock from the current level for long term gains.

Powergrid is having current equity of Rs.4208.84 cr with a face value of share Rs.10 each. The Central Govt holds 86.36% stake in Powergrid.

Flash: Mahindra Holidays IPO subscribed 9.74 times

UIN project-Bartronics will be the major beneficiary

The Government is setting up the project for Unique Identification Authority to provide Unique Identification Numbers to all Indian citizens for getting all Government services in a easy way. The main purpose of this project is all Indian citizens must have identity card which provides the security in the country. This UIN number will contain all the identity of a citizen from birth to death. Mr.Nandan Nilakeni has been appointed as Chairperson of Unique Identification Authority of India. He served as a co-chairman of Infosys.

Market sources said that Bartronics India (CMP:Rs.181) will be the major beneficiary from this project as the company is having majority stake in Smart card technology and radio frequencey solutions.

Bartronics India incorporated in 1990, Bartronics is a Hyderabad based company that started with providing solutions in Bar Coding, one of the oldest AIDC technologies, RFID, POS, Smart Cards working as AIDC division, RFID division, Smart Card Division and Retail-IT division in separate.The AIDC industry is moving rapidly towards the use of RFID in a number of high-value and high-volume market segments.

The RFID market is expected to jump from $1.4 billion annually this year to as much as $3.8 billion in 2008, according to a study by Allied Business Intelligence Inc. It is still in a nascent stage but there are several factors, in addition to dropping chip prices, which are driving the growth of RFID as an enabling technology.

BIL’ product range includes Barcode scanners, Barcode printers, Barcode Decoders, Smart Card Readers, Data Collection Terminals (DCTs) and Portable Transaction Computers, Radio Frequency (RF) and InfraRed (IR) based equipment and Access Control Systems. It also provides PVC Cards, Magnetic Cards, Smart Cards and contactless/ Proximity Cards to its clients across the world.Bartronics is a largetst provider and high-end supplier for Barcoding Printers and Scanners, HHTs, DCTs, Media Supplies like Direct Thermal Labels, Thermal Transfer Labels and Tags in addition to Universal Access Points and Vehicle Mounted computers.BIL’s clientele include government establishments, MNCs, large private sector corporates and the Retail Industry at large.

A few of its prestigious clients are HLL, ABB, Hero Honda, ITC, Ranbaxy, TCS, L&T, Ranbaxy, Cummins, GM.AIDC is now being seen as a radical and revolutionary data carrier and identifier discipline with principles and practices that can be applied virtually to every sector of industry, commerce and services where data is handled and needs to track and trace individuals, materials and equipment. Moreover, RFID is a technology that holds tremendous potential and BIL is certainly in a position to leverage its expertise.Bartronics is poised to grow well in coming years

Bartonics India is having equity capital of Rs.28.98 crore with a face value of share is Rs.10 the current price discounts the March'09 EPS of Rs.16.40 by PE just 11.03 times