Wednesday, October 10, 2007

Google Alert - IDBI OR IFCI OR IDFC OR TFCI OR DLF OR VISHAL RETAIL

Google News Alert for: IDBI OR IFCI OR IDFC OR TFCI OR DLF OR VISHAL RETAIL

Festival offer: SBI drops rates on home, other retail loans
Hindu Business Line - India
Other banks and financial institutions that have cut home loans recently include HDFC Ltd, Bank of Baroda, IDBI Ltd, Union Bank, Canara Bank, Axis Bank, ...
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IFCI suitors worried about stake stability
Business Standard - India
Under the law, any acquisition of more than a 15 per cent stake requires a mandatory 20 per cent open offer for retail shareholders. ...
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Winners and losers of the bull market
Business Standard - India
Even IPOs failed to attract enough retail demand. For instance, many felt the share offering by Delhi-based property developer DLF at Rs 525 a share was ...
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DLF plans to expand into retail
NDTV.com - New Delhi,India
"We see our malls as one stop place for the consumer," said Arvind Nair, MD, DLF Retail. Developers are diversifying into retail and commercial sites for ...
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Norton launches new security and antivirus softwares
Sify - Chennai,Tamil Nadu,India
The softwares will provide a complete protection,'' Symantec Managing Director Vishal Dhupar said while launching the products. ...
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Rising costs drive hotel cos into malls
Business Standard - India
On the other hand, developers like Phoenix Mills and DLF, too, plan such hotels in various cities. Phoenix Mills has planned one hotel each at its four ...
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Google Blogs Alert for: IDBI OR IFCI OR IDFC OR TFCI OR DLF OR VISHAL RETAIL

US Private Equity Goes Town-Building In India. DLF in Durgapur
... and Starwood Capital Group to develop a $1.25 billion township in eastern India. The project in the city of Kolkata in West Bengal will cover about 20 million square feet of land and include residential, retail, office and civic infr.
Digg / upcoming - http://digg.com/

HP Retail Photo Solutions: Hewlett Packard enters retail photo ...
By Somanshu
DLF enters BSE Sensex replacing Dr Reddy's (0); Bajaj Auto September sales down 23 percent (0); Volvo Car Corporation Sweden to outsource components from India (0); Nikon launches its Indian subsidiary (0); NDTV MetroNation launched (0)
Business News - http://business.techwhack.com

Stock Synopsis : DLF - The Big Daddy of Real Estate
As per the deal, DLF will have the rights to retail and market the brand in the Indian sub-continent. When contacted, DLF Retail MD Arvind Nair said, "This is an area we are seriously exploring as demand for international brands has ...
The Equity Desk Forum : Stock Synopsis - http://www.theequitydesk.com/forum

Vishal Retail opens showroom at Kolkata
By India Equity(India Equity)
Vishal Retail Ltd has informed that Company has opened proposed Showroom at 116F & 117F, BT Road, Kolkata on October 06, 2007. This Showroom is Company's Third store in Kolkata spreading across an approximate area of 42000 Sq. Ft.
India Equity News - http://www.indiaequitynews.com/


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Google Alert - Cricket OR Sachin Tendulkar OR Saurav Ganguly OR Dhoni OR Yuvraj OR Rahul Dravid

Google News Alert for: Cricket OR Sachin Tendulkar OR Saurav Ganguly OR Dhoni OR Yuvraj OR Rahul Dravid

Phasing Tendulkar, Ganguly and Dravid out
CricInfo.com - UK
Yes, Tendulkar has looked shaky against Brett Lee, Ganguly ponderous, and Dravid is yet to hit his straps. And it's also true that one-day cricket requires ...
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Cricket: India win toss, elect to bat
Economic Times - India
Australia is leading the seven-match series 2-1 Teams: India: MS Dhoni (C), Yuvraj Singh (VC), Sourav Ganguly, Sachin Tendulkar, Rahul Dravid, Robin Uthappa ...
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India bat against Australia in fifth one-dayer
AFP -
India: Mahendra Singh Dhoni (capt), Sachin Tendulkar, Robin Uthappa, Sourav Ganguly, Rahul Dravid, Yuvraj Singh, Irfan Pathan, Harbhajan Singh, ...
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Crucial game of the series
Hindu - Chennai,India
It might be a Sachin Tendulkar or a Matthew Hayden, or perhaps even someone who has not yet come alive in the series, like Adam Gilchrist or Rahul Dravid. ...
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India in trouble after disastrous start against Australia
LIVENEWS.com.au - Sydney,NSW,Australia
Sourav Ganguly was earlier run out for nought and Brett Lee trapped Rahul Dravid in front for a golden duck with the very next ball. Yuvraj Singh was caught ...
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Google Alert - Cricket OR Sachin Tendulkar OR Saurav Ganguly OR Dhoni OR Yuvraj OR Rahul Dravid

Google Blogs Alert for: Cricket OR Sachin Tendulkar OR Saurav Ganguly OR Dhoni OR Yuvraj OR Rahul Dravid

No one wrote to the Colonel
By Mukul Kesavan
Dilip Vengsarkar, the current chairman of selectors, has been in the news, most recently on account of his public warning to India's 'seniors' (read Tendulkar, Ganguly and Dravid) that they couldn't take their places in the team for ...
Men in White - http://blogs.cricinfo.com/meninwhite/


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Google Alert - Venus Williams OR Maria Sharapova

Google News Alert for: Venus Williams OR Maria Sharapova

Sharapova, Mauresmo exit Moscow
Malaysia Star - Malaysia
MOSCOW: Second seed Maria Sharapova was unceremoniously bundled out of the Kremlin Cup yesterday, losing to Belarus' Victoria Azarenka 7-6, ...
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Google Blogs Alert for: Venus Williams OR Maria Sharapova

Maria Sharapova Versus Venus Williams Loudest Points
By Elaine(Elaine)
Video from Youtube Labels: Venus Williams.
Venus Williams - http://venuswilliamstvf.blogspot.com/

Worst Case of 'Sick Note'? (most injury-prone player)
By Steffica Greles
Maria Sharapova (You have to wonder whether the girl's gangly body can withstand her own vicious groundstrokes. Those swipes she takes at the ball from the forehand side look painful to her, never mind her opponents.) ...
WTAworld.com - http://www.wtaworld.com

Nightmare Day for Seeds in Moscow and Bangkok Finally Ends
By Aaress
Except for Svetlana Kuznetsova, the only tennis star left standing on Wednesday at both the Kremlin Cup and PTT Bangkok Open was Venus Williams - and she did not even complete her first round match. Rain, heat, and upsets were the order ...
On the Baseline Tennis News - http://www.onthebaseline.com

Archive: Sharapova falls to Venus in Wimbledon semifinals
By Elaine(Elaine)
From the archives: an article from - USA Today: Maria Sharapova, 2004 Wimbledon, 15. Jennifer Capriati, 2001 Australian, 14. Justine Henin-Hardenne, 2005 French, 12. -- The Associated Press ... Source Labels: Maria Sharapova.
Maria Sharapova - http://mariasharapovatvf.blogspot.com/

North preps profile: Crystal Lovan (The Des Moines Register)
By sportsadmin
Most of the tennis they find doesn't include stars like Roger Federer, Andy Roddick, Maria Sharapova, or Rafael Nadal. It also almost never involves Venus or Serena Williams, who are more likely to ... Sharapova to play at Kremlin Cup ...
MARIA SHARAPOVA - http://www.maria-sharapova.sportsblogsphere.com


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Google Alert - Harry Potter and Deathly Hallows Review

Google News Alert for: Harry Potter and Deathly Hallows Review

Harry hysteria heralds holy happenings
Bethel College Collegian - North Newton,KS,USA
... JK Rowling's Harry Potter and the Deathly Hallows has managed to capture the attention of the wilting community of literate Americans. ...
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Google Blogs Alert for: Harry Potter and Deathly Hallows Review

Harry Potter and the Deathly Hallows
By MÇ(MÇ)
[23] Arthur Levine, US editor of the Harry Potter series, denied distributing any copies of Deathly Hallows in advance for press review, but two US papers published early reviews anyway.[24][25] Online leaks and early delivery ...
harry potter - http://harrypotteri.blogspot.com/

A Profile Review
By Brad
Before that, it was The Know-It-All, The Golden Compass, and Deathly Hallows (of course). I love books, but I mostly cheat now and listen to audiobooks.I'm pretty happy with how my life is going. I've got an awesome group of friends ...
Online Dating Guide - http://www.littleredrails.com/blog

Harry Potter and the Deathly Hallows (Book 7) by JK Rowling ...
mirandazwaltz's review: "What can I say but what a ride! Fantastic ending to the best book series ever. Was sooo glad Harry survived. Really thought Rowling would have to kill him off. Did think the book dragged a bit while Harry and ...
LibraryThing reviews of books... - http://www.librarything.com/profile_reviews.php?view=WilliamDorr

Special Edition 3
By Julia(potterficweekly)
Join the entire PotterFicWeekly forum for a comprehensive yackfest of the final Harry Potter novel. I'm then joined by Mac and Danielle who offer a more philosophical review of Deathly Hallows. LadyChi fills in for Mac with this week's ...
Potterfic Weekly - http://community.livejournal.com/potterficweekly/

Matt's Weekend and Back to Work in the store!
By dtstratovarius(dtstratovarius)
As for "Harry Potter and the Deathly Hallows," it was a fitting ending to the Harry Potter 7-book series, as it gave solid closure, and it did keep you guessing until the end on which characters were going to live and die. ...
Matt's Crazy World of LiveJournal! - http://dtstratovarius.livejournal.com/


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Google Alert - Asin OR Nayantara OR Sherawat OR Aishwarya OR Trisha Krishnan OR Jyotika OR Bhavna

Google News Alert for: Asin OR Nayantara OR Sherawat OR Aishwarya OR Trisha Krishnan OR Jyotika OR Bhavna

Prerna flatters to deceive
Delhi Newsline - Delhi,India
Girls U-14: Shweta Rana bt B Sowjanya 6-2, 3-6, 7-5; Vaidehi Bhagwat bt Surya Tejaswini 6-1, 6-1; Aishwarya Aggarwal bt Bhavna Suresh 6-1, 6-7 (4), 6-3; ...
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Google Alert - Indian President

Google News Alert for: Indian President

VeriSign India Names Rajiv Chadha as Vice President of Sales
IT News Online - Mumbai,Maharashtra,India
VeriSign India has named Rajiv Chadha as Vice President of Sales, based out of New Delhi. Chadha, a high-tech and telecom industry veteran, ...
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Indian scientist among Peace Nobel frontrunners
Sify - Chennai,Tamil Nadu,India
Oslo: India's RK Pachauri and the United Nations Intergovernmental Panel on Climate Change that he heads is one of the favourites to win the 2007 Nobel ...
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Head of Madagascar's governing party resigns
Reuters South Africa - Johannesburg,South Africa
... vast Indian Ocean island. "I am resigning as president of TIM," Solofonantenaina Razoarimihaja said by phone, citing "health reasons" for his decision. ...
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Protests against WalMart and other Western style stores in India
Economic Times - India
To protest this, we are out here" said Banwari Lal Kanchan, the President, Vyapari Mandal (Traders Association), Maharashtra. Past demonstrations had failed ...
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VTB president Kostin says bank wants to enter India, China markets ...
Forbes - NY,USA
MOSCOW (Thomson Financial) - JSC VTB Bank president Andrei Kostin told investors at the RussiaTALK forum his bank wants to enter the Indian and Chinese ...
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President, PM receive Indian Home Affairs Minister
VietNamNet Bridge - Hanoi,Vietnam
The President made the remark while receiving Indian Minister of Home Affairs Shivraj V. Patil in Hanoi on October 9, who is currently on a visit to Vietnam ...
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Laxmi Mall Singhvi
Telegraph.co.uk - United Kingdom
This was seen as an opportunistic move by Singhvi, who had apparently wanted to be nominated as vice-president of India, a stepping-stone towards eventually ...
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Google Blogs Alert for: Indian President

Statue Of Indira Gandhi Erected In Hanoi
By Mike Weston(Mike Weston)
At the statue inauguration held on Tuesday, Vice Chairman of the Hanoi People's Committee Ngo Thi Thanh Hang reiterated the long lasting traditional friendship between Vietnam and India, which was founded by late President Ho Chi Minh ...
Chao-Vietnam - http://chao-vietnam.blogspot.com/

IAEA Daily Press Review - 10 October 2007
Indian Government Left with no near nuclear danger - more talks on Oct 22 Prime Minister Manmohan Singh's government appeared to have received a temporary reprieve yesterday with its Left allies agreeing to continue discussions over the ...
IAEA Daily Press Review RSS Feed - http://www.iaea.org/blog/feeds

Smith signs up to play in new BCCI Twenty20 series
By crickinfo
"We had promised the cricket-loving masses of India some truly international class high-octane action through the Twenty20 format in the IPL," said BCCI vice-president Lalit Modi. "It is in line with this promise and philosophy that we ...
Indian Premier League News - http://indianpremierleague.wordpress.com

Navajo president addresses crime issues at Native law enforcement ...
By Sherri Thomas - UNM Law Library(National Indian Law Library (NILL))
NNALEA is a nonprofit organization to promote and foster mutual cooperation between American Indian Law Enforcement Officers/Agents/Personnel, their agencies, tribes, private industry and public. "In this day and age, it seems every ...
Native Peoples Law Caucus - http://nplcaall.blogspot.com/

TiE-ISB Connect 2007 Attracts Record Number of Business Ideas and VC's
By Enright Direct
Rangarajan, Chairman, Twelfth Finance Commission and former Governor, Government of Andhra Pradesh and Reserve Bank of India, Raghu Pillai, President and Chief Executive, Retail Operations and Strategy, Reliance Stores and Tom Campbell, ...
India Press Release - http://www.indiaprwire.com/


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Google Alert - Cricket OR Sachin Tendulkar OR Saurav Ganguly OR Dhoni OR Yuvraj OR Rahul Dravid

Google Blogs Alert for: Cricket OR Sachin Tendulkar OR Saurav Ganguly OR Dhoni OR Yuvraj OR Rahul Dravid

Team India for 5th ODI @ Vadodhra
By mohankaus
Sourav Ganguly, Sachin Tendulkar, Yuvraj Singh (vice-captain), Robin Uthappa, S. Badrinath, MS Dhoni (captain), Irfan Pathan, Murali Kartik, Harbhajan Singh, S Sreesanth, RP Singh. Substitutes: Rohit Sharma, Dinesh Karthik, Rahul Dravid ...
i3j3Cricket :: A blog for fans... - http://i3j3cricket.wordpress.com


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Google Alert - Property OR Real Estate "Chennai"

Google Blogs Alert for: Property OR Real Estate "Chennai"

Zenta Joins BlitzDocs Collaborative Network
By Sukhdeep
Leading real estate finance KPO and BPO firm becomes a BlitzDocs Certified BPO Provider. Zenta, a world-class knowledge process outsourcing (KPO) and business process outsourcing (BPO) company and Advectis®, Inc., provider of the most ...
Business News - http://business.techwhack.com

25 new messages in 17 topics - digest
By real-estate(real-estate)
The company is reportedly getting around 1200 acres of land in > > > Mumbai, Bangalore, Hyderabad and Chennai valued by global real estate > > > advisor DTZ and global property professional Knight Frank. ...
real-estate - http://real-estate--world.blogspot.com/


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Google Alert - Asin OR Nayantara OR Sherawat OR Aishwarya OR Trisha Krishnan OR Jyotika OR Bhavna

Google Blogs Alert for: Asin OR Nayantara OR Sherawat OR Aishwarya OR Trisha Krishnan OR Jyotika OR Bhavna

Trisha knows how to make fans happy
By admin
Trisha seems to know her fans' pulse to the tee. She said that as long as the stars dish out hits, they remain in business, otherwise they lose their popularity. That's the reason she prefers to star opposite big stars and in [...]
Trisha Krishnan|Tamil Trisha|Trisha... - http://bollywoodpoint.com/trisha-krishnan


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Multi Bagger: Lanco Industries

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Multi Bagger: Lanco Industries
Recommended Price Rs 45.70
Ashish Chugh,Investment Advisor Report Dated: Oct 08, 2007
Lanco Industries Ltd. is a part of Electrosteel Castings Group and manufactures Ductile Iron Pipes, Pig Iron, Cement and Coke.
The company was originally promoted by Hyderabad based Lanco Group in 1992. The company set up a Mini Blast Furnace (MBF) in 1994 with a capacity of 90,000 TPA to manufacture Pig Iron. The company later entered into an arrangement to supply Molten Iron and Pig Iron to Lanco Kalahasthi Castings Limited, a group company whose manufacturing operations were located in the same premises as Lanco Industries. Lanco Kalahasthi Castings was originally engaged in the business of Iron Castings and Forgings, added high technology Ductile Iron Pipes manufacturing to its portfolio.

In 2002, both Lanco Industries Ltd. and Lanco Kalahasthi Castings Ltd. saw a change in ownership - Electrosteel Castings Limited entered into a strategic alliance with Lanco Industries and Lanco Kalahasthi Castings by acquiring 46.43% and 48.89% stake in the companies respectively.
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In addition to technological support, Electrosteel Castings also infused fresh funds into Lanco Industries by way of equity participation and re-modeled the financial structure, thus reducing interest costs. With funds infusion, Lanco Industries increased its Blast Furnace capacity from 90,000 TPA to 1,50,000 TPA and the capacity of DI Pipes was increased from 60,000 TPA to 90,000 TPA.

Lanco Kalahasthi Castings later merged with Lanco Industries in 2003, to take advantage of the close synergies in the business model of the two companies, since a large part of Pig Iron in liquid form is consumed by Lanco Kalahathi Castings for manufacture of Pipes.

The company as a part of backward integration set up a 1,50,000 TPA Coke Oven Plant. In 2006, the capacity of DI Pipes was further increased from 90,000 TPA to 1,20,000 TPA. In 2007, the 12 MW Waste Heat Recovery Based Co-Generating Captive Power Plant was commissioned and the plant started generating power from March, 2007.

Today, Lanco Industries Ltd. has fully integrated operations and has a large value addition chain starting from Iron Ore to DI Pipes. The company has capacity to produce 1,50,000 TPA of Pig Iron, 1,20,000 TPA of Ductile Iron Pipes, 90,000 TPA of Slag Cement and 1,50,000 TPA Coke Oven Plant. Setting up of its own Coke Oven Plant along with 12 MW Waste Heat Recovery Based Co-generating Captive Power Plant has further strengthened the value chain.

Financials

The latest financials of the company are given as under :-

QUARTERLY - LATEST RESULTS - Lanco Industries Ltd (Curr: Rs in Cr.)

Particulars
Quarter Ended Quarter Ended Quarter Ended Year Ended Year Ended Year Ended
(Jun 07) (Jun 06) (% var) (Mar 07) (12) (Mar 06) (12) (% Var)
Sales 100.51 65.45 53.6 369.37 302.96 21.9
Other Income 0.11 0.04 175 0.33 0.77 -57.1
PBIDT 12.51 9.96 25.6 51.54 29.78 73.1
Interest 1.86 7.01 -73.5 18.32 12.58 45.6
PBDT 10.65 2.95 261 33.22 17.2 93.1
Depreciation 3.58 2.83 26.5 11.57 10.93 5.9
PBT 7.07 0.12 5791.7 21.65 6.27 245.3
Tax 0.04 0.04 0 0.17 0.18 -5.6
Deferred Tax 2.38 0.03 7833.3 5.67 1.94 192.3
PAT 4.65 0.05 9200 15.81 4.15 281

(Source: Capitaline)

Latest Data As On 05/10/2007
Latest Equity(Subscribed) 39.76
Latest Reserve 51.09
Latest Bookvalue -Unit Curr. 22.85
Latest EPS -Unit Curr. 5.13
Latest Market Price -Unit Curr. 45.7
Latest P/E Ratio 8.91
52 Week High -Unit Curr. 52.4
52 Week High-Date 9/27/2007
52 Week Low -Unit Curr. 33.05
52 Week Low-Date 3/7/2007
Market Capitalisation 181.7
Stock Exchange BSE
Dividend Yield -% 2.19
The benefits of capacity expansion and backward integration undertaken by the company have started showing in the financials of the company. Sales for Q1 of FY 08 are up 53% to over Rs.100 crores, PAT has grown to Rs.4.65 crores, from mere Rs.5 lacs for the same period last year.

The Potential of Business & Conclusion

Lanco Industries manufactures Ductile Iron Pipes which are used mainly in Water Supply and Sewerage applications. Considering the growing urbanization in the country and shortage of Adequate water infrastructure, which is a priority for the country, the demand scenario for DI Pipes is positive.

(Source: Capitaline)

The government of India is currently implementing over $ 5 billion worth of Water Resource Management Projects. We believe the allocations for Water Resource sector will grow substantially in the coming years. The Union Government in its Finance Budget - 2007 has given special emphasis on providing pure drinking water to households and communities in the country and has extended exemption from excise duty on certain water purification devices & pipes of diameter exceeding 200 mm used in water supply systems.

India is a Water Constrained Economy - we still have a long way to go as regard providing Drinking Water to the villages. Majority of population of India does not get clean Drinking Water - the government is however determined to speed up the pace of Infrastructure development and has been earmarking greater expenditure for Irrigation and Water Projects in each Plan.

The company located in the state of Andhra Pradesh enjoys strategic locational advantage being close to Tamilnadu, Karnataka and Kerala. All these southern states have massive Water upliftment projects.

Lanco Industries has over the past few years taken initiatives which will enable it to emerge as a cost efficient manufacturer of Ductile Iron Pipes in the country - these include enhancing capacities, backward integration by way of setting up Coke Oven Plant and 12 MW Captive Power plant. These initiatives will hold the company in good stead in the years to come. The establishment of Coke Oven Plant and Captive Power generation will not only make it a fully integrated company but will also bring in substantial cost benefits, thereby enhancing profitability. For FY 08, we expect company to achieve revenues of Rs.425-440 crores and PAT of around Rs.26-28 crores, resulting in an EPS of around Rs.7. The company is therefore expected to conclude FY 08 with record Revenues and Profits, with its expansions and backward integrations undertaken a few years back, having gone on stream.

Lanco Industries therefore is a play on the Growth opportunities in India's Water Infrastructure space and can be accumulated at the current price and on declines.
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Disclaimer:
Ashish Chugh is an equity analyst and investment consultant based at New Delhi, INDIA. At the time of writing this article, he, his firm and dependent family members have a position in the stocks mentioned above. The author, his firm or any of his dependent family members may make purchases or sale of the securities mentioned in the report while the report is in circulation. The author invites readers to send him email and welcomes comments, feedback & queries at nexgenfin@yahoo.com.
This report has been prepared solely for information purposes and the information contained herein may not be deemed to be an investment advice. Such information is impersonal and not tailored to the investment needs of any specific person. The information contained herein is not a complete analysis of every material fact representing any company, industry or security. The views expressed may change. While the information contained herein has been obtained from sources believed to be reliable, no responsibility (or liability) is accepted for the accuracy of its contents. Investors are advised to satisfy themselves before making any investments and should consult with and rely upon their own advisors whether and how to use such information in making any investment decision. Neither the author nor his firm accepts any liability arising out of use of the above information/ article.    
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    Bulls near 19k ahead of Infy day

    Network - 18 :Taking Stock
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    Market Round Up from Moneycontrol: More stock news. More stock advice.
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          IPO Corner
  • Reliance Power, Tatas gear up for Krishnapatnam UMPP
  • FM says decks cleared for NHPC IPO
  • CBI chargesheets 22 persons in '06 IPO scam
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      Indian Markets10-10-2007  
      Sensex 18658.25 378.01  
      Nifty   5441.45 114.20   
      Asian Markets10-10-2007  
      Nikkei 225 17177.89 17.99  
      KOSPI 2041.12 26.99  
      Taiwan 9639.83 -77.34  
      Straits Times 3814.45 -51.30  
      Hang Seng 28569.33 341.29  
      Market Interviews
  • Asset reflation back on Asian agenda
  • - CLSA
  • Sensex to touch 20K in 3 months
  • - JM Financial Consultants
  • Like infra, power, local consumption
  • - Alchemy Capital Management
  • Lot of steam left in midcaps
  • - Angel Broking
      Market Analysis
  • 25% Sensex 500 stocks still away from 52-wk high
  • SIB deposits up by 6.2%, advances up by 10.3%
  • IT budgets of clients to stay flat in '08, says iGate
  • Retirement could be expensive!
  •   Stock Videos
    Be a part of this mkt: Marathon Trends  
    Exit Balrampur Chini says Tulsian  
    3i Infotech can grow 30%-40%  
    Keep Tata Power in portfolio: Choksey  
    PSU bank a safer bet: PN Vijay  
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