ter englih issue 19 yr 3.some pages

8/9/2019 Ter Englih Issue 19 Yr 3.Some Pages

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Vol. 3 Issue : 19 Date : 04-07-2010 to 11-07-2010 Editor : Narendra Joshi Sub.Editor : Sharad Kotak Mobile:9825065387 Address : 115/991, Nirmal Apartment, Telephone Exchange Road, Naranpura, Ahmedabad -380013 Phone : 27451449

RATE HIKE, FINALLYRATE HIKE, FINALLYRATE HIKE, FINALLYRATE HIKE, FINALLYRATE HIKE, FINALLY 03/07/2010.RBI HIKES REPO,

REVERSE REPO.In a delayed but

expected move, RBIfinally acted and raisedthe Repo and ReverseRepo rate by 25bpseach. CRR was leftuntouched as therewas liquidity tightnessin the market. The ratehike was expected

since the past twoweeks. This time theRBI was behind thecurve in reacting to the

economic situation.This rate hike was acalibrated move as onecan expect furtherinterest rate hike of25bps in credit policymeet in the last weekof July. RBI has shiftedfocus on controllinginflation withouthurting growth as theinflation was reachingvery high levels. The

inflation wouldincrease further due tothe fuel price hike inthe last week and not

to forget strong IIPnumbers. RBI is nowmore worried aboutthe upside risk to

inflation thandownside risk togrowth.

RNRL - RPOWER TOMERGE.

Just as the marketclosed on Friday, came

the announcement tomerge RNRL withReliance Power. The

merger was expectedsince the SupremeCourt judgement andnow it is happening.The board meeting isfixed on Sunday 4th July2010. The merger isnecessary for easiergas allocation. Themarket is interested infinding what will beswap ratio for themerger. If one goes

according to bookvalue, the merger ratiowill be around 1:5 in

favour of ReliancPower. But then whawill be the final mergeratio will be anybodyguess.

T E C H N I C A L L YSPEAKING.

The Sensex openedthe week at 17577made a high of17794a low of 17373 andclosed the week a17460. The Sense

gained lost 114 pointon a weekly basisSimilarly Nifty opened

Continue on ........7

Technical Analysis

for Traderswww.stockacademy.co.inMo. No. 09820920530

Sanjay Lad, (Mumbai)

WeeklyReview

PRAKASH GABACFT, MSTA (Londen)A professional Technical Analyst and aTrader based in Bombay & Runs his ownconsultancy http:// www.prakashgaba.comEmail:[email protected] : 093222-10907

Weekly Review for theWeek July 5th to 9th 2010

Nifty: (5237)Sensex: (17461)2.07.10We said The new

series has started on a

negative note and hastraded below thecrucial level of 5328and the crucial level towatch would still be5328 and I would saythat the market is weak

as long as it tradesbelow 5328

The marketunfolded weak asexpected and has

closed in the red forthe week.

Technically theweakness continuesand there is no sign ofstrength witnessed as

Continue on .....8

Continue on .....8 Continue on .....8

StochasticsLike the Relative

Strength Index (RSI),stochastics is anotherpopularoscillatort ogaugep r i c e

momentuma n d judgethe age of a pricemove.

But unlike the RSI,which measuresmomentum based onthe changes in dailysettlement prices,stochastics has twolines and thecalculations are basedon the rate of changein the daily high, low,and close.

Concept forstochastics is that asprices move higher,

t h ed a i l ycloseswill becloser

to thehigh oft h e

daily range. Thereverse is true indowntrends. As prices

A.K.Prabhakar

Website: [email protected]

[email protected]

Equity Analyst

NegNegNegNegNegaaaaative for Btive for Btive for Btive for Btive for BANKS &ANKS &ANKS &ANKS &ANKS &

AAAAAUTUTUTUTUTO follO follO follO follO follooooows with RBIws with RBIws with RBIws with RBIws with RBI

rararararate hike after fuel hikete hike after fuel hikete hike after fuel hikete hike after fuel hikete hike after fuel hike

Nifty has closedNegative -31pointsa f t e rf o r m i n gGravestoneD o j iprevious

w e e kwith longt e r mm o v i n gaverage supportingmarket 200DMA which5076 and 100DMA is

5131 without closbelow 5170 weaknes

not seen it is rangbound and Nifty failin

3

Astromoney guru

MAHINDRA AND

MAHINDRA FOR MID

TERM PICK5

Outlook

MARKET IS EXPECTED TOCONSOLIDATE FOR SOME

TIME BEFORE NEXT UPMOVE

9

Market Priview

CAN WE SEEBREAKOUT IN THISMONTH ABOVE 5400

0R BREAK 5150

09825065387

GET LIVE STOCKMARKETGET LIVE STOCKMARKETGET LIVE STOCKMARKETGET LIVE STOCKMARKETGET LIVE STOCKMARKET

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2/10

04-07-2010 to 11-07-2010 3

Mahindra and Mahindra for mid term pickAs per Lt Col Ajay

www.astromoneyguru.comthis week isrepresented by Mars.This week twoimportant planet will

change their sign.Venus and Mercurywill change their signVenus from Karak toSingh and Mercury will

come in karak Rashi.Venus will make freshconjunction with Mars.

Our advancepredictions made inprevious article about

positive move in sugar,auto and oil and gassectors once againproved correct underheavy volatility oneside upward

movement was seen inthese sectors, BajajHindustan , Balrampurchini, Hpcl, oil India,ongc were among

weekly gainers listunder highestvolatility. Daily updatewas also given at myweb site beforemarket opening every

day.Now as per Astro

economics this week isgood for auto, capitalgoods and metal. It isbetter to keep eyes on

stock and sectorspecific approachrather then looking atnifty levels. Today weshall discussed aboutone of automobilefront line stockMahindra & MahindraLtd.

As per astroeconomics Mahindra &Mahindra wasincorporation year was1945. And Mr AnandMahindra is the keyperson of the

company. As perhoroscope ofMahindra andmahindra mercury,Sun, Jupiter and marsare the key planets.

Right now Mahindraand Mahindra stock istrading around Rs 610-620 In Indian stock

market. As per astroeconomics this stockwas shown Rs 645 as 52week high and low was

Rs 322. Sun will comein transit of Mahindraand mahindra in tenthhouse in month ofAugust- Sept 2010 thattime other planets will

mercury, Venus ,Saturn will be in Kanyaand tula Rashi. As perhoroscope of M & M

Rahu mahadassha, Sun

antradasha isin progress.Rahu is thei m p o r t a n tplanet for thish o r o s c o p e .When Rahuwill enter inScorpio thatwill beultimate timefor M&M.

This is the time to listMahindra andMahindra in Foreignstock exchanges. This

expected to take placeafter July 2011

This is time betterto keep eyes on thisstock for mid terminvestment. Timely

profit booking ialways recommendedfor short term tradingAs per stars monsoonwill approach iNorthern Indi

includes Rajasthan, UpMp, Himachal PradeshHaryana and Punjab. Aper stars this timsugarcane, rice, cottowill break previourecords. We have giveearly alert for 100%correct date oMonsoon in Mumbai iprevious articles well inadvance 30 days.

This week Geminwill be most benefitedrashi. Figure 5 and 5, 14and 23 dates are mos

favourable for GeminGreen emerald is thegem stone andWednesday andTuesday are the luckyday for Gemini.

FOR ACCURATE STOCK MARKET PREDICTIONS

http//www.astrostocktips.in

TEL NO9810018438- 9810056543

Ph: 98506 95994EMail: [email protected]

Web Blog : www.tanmaygopal.com

Tanmay GPurohit CFA

Hot Talk

IFCI near majorbreakout

NIFTY HAS CLOSEDSLIGHTLY NEGATIVEFOR THE WEEK 32POINTS DOWN AT

5237. THIS WEEK WASVERY RANGE-BOUNDMOVEMENT FOR THEINDICES AND CLEARTREND WAS NOTVISIBLE BUT SMALLAND MID CAP STOCKSOUTPERFORMED THEBROADER INDICES.

NIFTY AS LONG ASABOVE 5200 WOULDREMAIN FIRM BUTUNTIL CLOSE PAST 5400

IS NOTS E E NSLUGGISHNESSW I L LCONTINUE,R B IH I K I N GR E P OA N DREVERSE

REPO RATESWOULD HAVEN E G A T I V EIMPACT ONB A N K SWHICH AREL O O K I N GWEAK.

IFCI (RS56.75):- THE STOCK ISSHOWING A TRIANGLEFORMATION ONGRAPH IN WEEKLYCHARTS AND WOULDBE AN IMPORTANTBREAKOUT ABOVE RS59 WHERE TARGETS OFRS 65-68 ARE POSSIBLE

IN SHORT-TERM.BUY RS 56-57 FORTARGET RS 65, KEEPSTOPS BELOW RS 53.

GLOBUS SPIRITS (RS165.55):- THE STOCKHAS HAD A VERYGOOD RALLY AND

NOW CONSOLIDATINGIN A SMALL RANGE,ABOVE RS 175 STOCKCAN MOVE TOWARDSNEW HIGHS ONCEAGAIN AND RS 175-178IS POSSIBLE SOON.BUY RS 163-165 FORTARGET RS 175, KEEPSTOPS BELOW RS 159

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Nifty

Sup. 5100

Market viewMarket is moving in narrow range. It is finding resistances at highe

side. But some front line stocks are in oversold region with respect toweekly chart.

Nifty viewNifty has support at 5200 & 5100 and resistance at 5360. If it break

5200 lower side then it is weak. Otherwise it is expected to remainrange bound.

Weekly calls1) ASHOK LEYLAND short sell around 64stop loss 65.50

target 59

2) BIOCON short sell 322 stop loss 330 target 305

3) IDBI buy around 119 stop loss 115 target 125128

4) BHEL short sell around 2420 stop loss 2460 target

2350..2300

5) GLAXO short sell around 2180 stop loss 2220 target 2100

6) SUZLON buy around 56 stop loss 52 target 65

7) IBREAL buy around 155/152 stop loss 148 target

170..175

VISIT : www.theeconomicrevolutiohn.com for latest infromation


3/10

04-07-2010 to 11-07-2010 5

NOW SOME PAGES OF THE ECONOMIC

REVOLUTION IS AVAILABLE ON MONDAY ON THIS

WEB AND WHOLE ISSUE WILL BE AVAILABLE ON

TUESDAY ONLY. IF YOU WANT WHOLE ISSUE ON

MONDAY EARLY MORNING IN YOUR E MAIL

SUBSCRIPRIONSUBSCRIPRIONSUBSCRIPRIONSUBSCRIPRIONSUBSCRIPRION

ONLONLONLONLONL Y RS.1000 Y RS.1000 Y RS.1000 Y RS.1000 Y RS.1000

PER YEAR, WITH THIS ISSUE GEPER YEAR, WITH THIS ISSUE GEPER YEAR, WITH THIS ISSUE GEPER YEAR, WITH THIS ISSUE GEPER YEAR, WITH THIS ISSUE GET GUJARAT GUJARAT GUJARAT GUJARAT GUJARATI VERSION FREETI VERSION FREETI VERSION FREETI VERSION FREETI VERSION FREE

MarMarMarMarMarkkkkkeeeeet is et is et is et is et is expectxpectxpectxpectxpected ted ted ted ted to consolo consolo consolo consolo consolidididididatatatatateeeeefffffor some tor some tor some tor some tor some time befime befime befime befime befororororore nee nee nee nee next up moxt up moxt up moxt up moxt up movvvvveeeee

RCOM: We had given in our weekly report that above 196 thestock could see a sharp up move. Above 196 the scrip moved to 207.8and has corrected since then. Short term traders are advised to exitthe counter.

NATCOPHARMA: This stock continued with its upward jour-

ney and made a high of 206.5. Hold the stock for targets given inearlier article.SHASUNCHEM: The stock was recommended around 80 lev-

els. At the time or writing of this article it had made intraday high of96.4 on Friday. Short term traders are advised to start book profits in astaggered manner.

HINDPETRO FUT: We advised going long in this contract fortarget of 500+ in July. However it has seen a strong up move in fewtrading sessions and hence we advise booking some profits on rise.

FOLLOWUP OF

PREVIOUS ARTICLES

STOCK TALK FOR THE

SHORT TERMDIVISLAB: The stock

has been in steadyuptrend. For the lastcouple of weeks it hasbeen consolidating inthe 760-785 range. Thestock is facing resis-tance around 785-786

levels and hence shortterm traders can ex-

pect a decent upswing

once it crosses 786.JSWSTEEL: There isnews that thiscompany is of-fering 5-15%stake to a Japanbased steel

conglom-e r a t e .There aremult ip lesupportsfor thescrip onevery de-cline. Ac-

cumulatethe scrip on declinesnear 980-1000 keepinga stop loss below 930for target of 1100, 1145in the short term. Ag-gressive traders can in-crease buy quantity

once the scripmoves past1065.

JINDALSTEL:The stockprice isaround crucialsupport of

610. Failure to hold thissupport can drag its

price to 575, 550 in few

trading sessions.HCC: Bullish as-cending triangle pat-tern is in progress. In astable market the stockmay break past the up-per range of the tri-

angle which is around122.

BPCL: The stock hasseen a sharp move ofmore than Rs150 in 5-6trading sessions. Longterm resistancetrendline is currentlyplaced around 680. Weexpect the scrip to getconsiderable resis-

tance in the 680-700range. Hence short

term traders are ad-

vised to start bookingprofits on every rise.WIPRO: Wipro has

medium term support

around 380 levels. Sus-tained trades belowthis level could takethe scrip to 340 levels

in the short term.RELMEDIA: Strong

resistance is around

236. Once it managesto break past resis-tance of 236 it couldsee a sharp up move

which could take it to280 levels in the shortterm.

IVRCLINFRA: On

verge of a bul l ishbreakout above 190.

Short term trader

should go long in thcounter as and whenit breaks past its re

sistance of 190 fotarget of 200 in theshort term. Maintai

a stop loss below 18on daily closing basis.


4/10

04-07-2010 to 11-07-2010 7

Cont. from Pg. 1Lions Roar

VISIT : www.theeconomicrevolutiohn.com for latest infromation

the week at 5271,made a high of5339, alow of5210 and closed

the week at 5237. The

Nifty too closed withthe week with aloss of32 points.

Both Sensex andNifty have formed asmall spinning topformation on theweekly charts, which isa neutralformation.The longu p p e rs h a d o wrepresentss e l l i n gpressure ath i g h e rlevels. Thea b o v eformationscan ben e g a t e donly if both Sensex andNifty manage a closeabove their recentrespective highs(Sensex 17919 andNifty 5366). Until

then, the bearishformation willcontinue to exert its

pressure on the

market.

M o m e n t u moscillator like theMACD has just given a

Sell signal. The ROC isnearing the centerlineand is on the verge ofgiving a Sell signal. TheRSI though continuesto remain around 52.

The StochasticOscillator continues inits Sell mode. The ADX

has reduced to 18

suggesting thatuptrend islosing steam.The DirectionIndicators are

still in Buy mode butthe +DI in now movingdown closer to the DI

which is not a verypositive sign.

The market hasseen strong rise from15960 to 17919 for theSensex and 4786 to

5366 for the Nifty. Boththe indices are now

correcting their riseand the correctionlevels for the Sensexfalls at 17171-16940-16708and those forthe Nifty are5144-5076-5008.

T h eSensex zone17150-17250acted ass t r o n gr e s i s t a n c ebefore theb u l l i s hbreakout occurred.Now this resistancezone will act assupport, when theSensex comes downduring retracement.Besides this, the50dma (17143) and38.2% retracement ofthe recent rise from15960 (17171) also fallswithin this supportband. Hence there is aconfluence of supportsexisting between17150-17250, whichmake this support zonecritical. Similarly Niftyzone between 5140-5165 acted as strongresistance before thebreakout occurred.Now this zone will actas support duringcorrection. Besides,the 50dma (5142) and38.2% retracement ofthe recent rise from4786 (5144) also fallswithin this supportzone. Hence expectstrong supportbetween 5140-5165.

The long term trendof the market remainsintact as long as the

INDEX LEVELS :

S3 S2 S1 CLOSE R1 R2 R3Nifty 5097 5142 5187 5237 5288 5329 5368

Sensex 16942 17150 17337 17460 17629 1 7845 18047

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1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8

LAST WEEKS RECOMMENDATIONS

STOCK Rec. Tgt Reached Lot Profitprice size

Buy ONGC 1263 1331 1347 250 Rs.21,000

Buy HPCL 402 449 484 1000 Rs.82,000Buy BPCL 620 672 678 500 Rs.29,000Buy MRPL 73 81 84 4000 Rs.44,000Buy GTLInfra 45 48 49 8000 Rs.32,000

Total Rs.2,08,000

It was bonanza time for our readers as all our recommenda-tions achieved their targets with ease. The stars for the past

week were HPCL, BPCL and MRPL.

THIS WEEKS RECOMMENDATIONS :

STOCK CMP SL Tgt-1 Tgt-2Buy Chenn.Petro 262 258 271 281Buy ChambalFert 67 66 70 73Buy RPower 175 172 181 186Buy Suzlon 58 57 61 64Buy Purvankara 111 108 117 123

Sensex and Niftycontinue to trade

above their 200dmas(Sensex 16987 andNifty 5076). Please

note that the 200dmais almost coincidingwith the 50%retracement level ofthe recent rise i.e.Sensex 16940 and Nifty5076. Hence expectstrong rebound fromthese levels in case ofa severe correction.

If we look atbroader picture, thenwe are still correctingthe fall of the Sensexfrom 21206 to 7697 andNifty from 6357 to 2252.Since both the indiceshave managed a closeabove their 61.8%retracement levels,the next possibletarget will be Sensex18315 and Nifty 5478which are the 78.6%retracement levels ofthe entire previousfall.

Since last October,the market is movingin a rising channel andthe channel top hasprovided strongresistance to themarket and that supplytrendline top falls atSensex 18310 and Nifty

5490. Both the risinchannel trendline top

and the 78.6%r e t r a c e m e nlevels are almoscoinciding andhence Sensex and

Nifty are likely tofind difficulty icrossing ove18310-18315 and5 4 7 8 - 5 4 9respectively.

The O.I.PCR iquite normal a

1.41. 5200 PE are seeinreduction in openinterest as the Pu

writers have startedlosing confidence. ThPut writing has shiftedto 5000 strike. Verhigh open interest habeen added for 5300 Csuggesting that thi

level might prove to bedifficult to breach fothe market in the neaterm. Besides stroncall writing ihappening at thestrike of 5500.

Sensex has stronTrendline resistance a17893. Trendlinsupport for the Sensewill come in at 17147Nifty has strong risinTrendline resistance a5360. Trendlinsupport for the Niftywill come in at 5104.

For the weeahead, Sensex wilfind Support at 1733717150-16942 and wifind Resistance a17629-17845-18047.

For the weeahead, Nifty will findSupport at 5187-51425097 and will findResistance at 52885329-5368.

WATCH OUT FOR


5/10

04-07-2010 to 11-07-2010 9

CAN WE SEE BRECAN WE SEE BRECAN WE SEE BRECAN WE SEE BRECAN WE SEE BREAKAKAKAKAKOUT IN THISOUT IN THISOUT IN THISOUT IN THISOUT IN THISMONTH ABOMONTH ABOMONTH ABOMONTH ABOMONTH ABOVE 5400 0R BREVE 5400 0R BREVE 5400 0R BREVE 5400 0R BREVE 5400 0R BREAK 5150AK 5150AK 5150AK 5150AK 5150

Sensex

(17,460.9)The Sensex tripped

down a gentle slope

last week. But themost notable featureof the weeks tradewas the grittyperformance of theIndian benchmarkagainst the back-dropof crumbling global

stock prices. The Dowand the FTSE fell 4 centand the ShanghaiComposite collapsed6 per cent, whileSensex walked away

with a minor cut of lessthan 1 per cent.

Concern overeconomic slow-downin China and the UScoupled with thelurking Europeancredit issue madeinvestors cash outsome of the gainsmade since last March.What with watchingthe progress of

monsoon, the RBIs

next move and thesecond quarterearnings that will starttricking in from next

week; an eventfulperiod lies ahead forIndian investors.

Volumes were highin the first half of lastweek but it peteredout in the second. FIIswere selling more

than they what theybought for most part.Open interest hasclimbed above Rs1,20,000 crore alreadyimplying that there isno let-up in

speculative activity onour bourses. Putoptions howevercontinue tooutnumber calloptions implying abearish bias in tradingsentiment.

S h o r t - t e r moscillators aresignalling a bearishbias. The 10-day rateof change oscillator

has dipped in to

negative zone thoughit is holding just belowthe zero line and therelative strengthindex has moved frombullish to neutralzone. That weeklyoscillators are notgiving a decisive signalimplies that a move ispossible in eitherdirection over themedium term.

The whipsawmovement of lastweek has not made

the medium-termdirection of theSensex apparent yet.As discussed in our lastcolumn, the medium-term uptrend from theMay low of 15,960 isstill very strong.

Movement last weeksuggests that buyersare emerging at everydip, in expectation ofa rebound.

We stay with theview that a decline to

17,330 or 17,170 ispossible in the daysahead. But reversalfrom these levelswould imply that bullsare not vanquishedyet. A sideways movebetween 17,000 and18,000 can then ensuefor a few weeks to befollowed by anotherattempt at movingabove 18,000.

This rosy scenario

would however bedashed on a closebelow 17,170.

That wouldprecede a decline to16,700 or even below16,000 over themedium-term. Itneeds to beremembered that ourmedium-term rangeremains between15,500 and 18,000.Investors have tolearn to live withvolatility for the rest

of this year, at least.A silver lining is

however present inthe form of a resilientshow by some of theother Asianbenchmarks. Stocks inmarkets such asIndonesia, Malaysia,Philippines, Korea,Taiwan, Thailand andIndia are relativelyunscathed in thisround of correctionand are still close totheir 2010 peaks. It is

possible that whenthe correction ends,investors could flockto these marketsdriving stock priceshigher to new 2010peaks.

The Sensex iscurrently poised closeto key short-termsupport bandbetween 17,350 and17,400. Presence of20-day simple movingaverage at this levelalso adds to its

significance. Anegative reaction tothe rate hike canhowever drag theindex down to thenext downward targetat 17,170.Convergence of manycounts at this pointmakes it likely that arebound is possiblefrom this level. If not,subsequent supports

would be at 17,079 and

16,950. Resistances forthe week aheadwould be at 17,581 and17,711.

Nifty (5,237.1)Nifty moved lower

in line with ourexpectation toachieve the short-term target of 5,213.The index howeverhas key short-termsupport around 5,210since the 20-daysimple movingaverage is present

here and it is also 38.2per cent retracementof the index previousup-move. Knee-jerkreaction to the policyrate hike can drag theindex down to 5,167 or5,150 in the weekahead.

The medium-termuptrend from May 25low will come underduress only i f theindex closes below5,150. That will signalan impendingdecline to 5,078 or5,010 in the medium-term.

Resistances forthe week aheadwould be at 5,284 and5,322. Traders caninit iate shortposit ions on areversal from eitherof these levels.

Global CuesThings took a turn

for the worse in theglobal equity market

with stocksaccelerating lower. Itis now confirmedthat the medium-term downtrend thatcommenced in Aprilcontinues to be inforce and the thirdleg of this move iscurrently in motionin g lobal equitymarkets. The fact thatsome of the major

global benchmarkhave breached theiMay lows and havmoved below ireinforces this view

CBOE Volat i l i tindex spiked to thepeak of 37.6 onThursday. But iremains below thMay high of 48implying that thougthere is nervousnessthere isnt any paniakin to thawitnessed in May.

Words ar

insufficient to extothe power oFibonacci numbers itechnical analysisThe awesome mighof these numbers ionce more seen ithe Dow JoneIndustrial Averagereversal from thpeak of 11,258 onApri l 26. I f theretracement of thfal l f rom Octobe2007 to March 2009trough is considered

61.8 per cenretracement occurat 11,245. The Dowcould move a bare 13points beyond thithreshold beforlaunching a mediumterm reversal.

If we consider theminor counts of thdown-move from11,258, an A-B-C flawas completed athe May low. Andfollowing a pull-bacral ly in June, th

third leg of thicorrection appears tobe unfolding nowTargets for this wavare 9,667 and 9,093In short, the Dow hakey short-termsupport around9,600, where i t icurrently halt ingBreak of this levewill drag it down to9,093.

IF NOT AVAILABLE IN MUMBAI CALL OUR DISTRIBUTOR : PHONE (022)30224757


6/10

04-07-2010 to 11-07-2010 11

AUTO & PERSONAL CARE sectors

WILL OUT PERFORM THIS WEEK

ASTROLOGY &STOCK MARKET

SATISH GUPTAhttp://www.astrostocktips.in

e mail:[email protected]

MOBILE :09811738366 - 09810018438

SUCCESSFUL

PREDICTION(20th June) With the blessings of Lord

Ganesha, it was Predicted on 20th JUNE 10on our website, & on moneycontrol.comLIQUOR stocks will be in strong demand,especially on 21st & 22nd JUNE. In thissegment, watch for UNITED BREWERIES,GLOBUS, MCDOWEL & KHODAY etc Duringthis period GLOBUS appreciated by 22%,KHODAY by 20%, TILAK NAGAR by 10%,JAGATJIT INDUSTRIES by 8% etc. ( NIFTY was

down by 37 points on 21st JUNE 10)Sectors which get strong ASTRO support

are not normally affected by downfall in themarket.

5 th July-9th July2010

Weekly planetary

position: During the

week, Moon will betransiting in Pisces,Aries & Taurus, Sun,

Mercury & Ketu inGemini, Mars & Venusin Leo, Saturn in Virgo,Rahu & Pluto inSagittarius, Neptune inAquarius, Jupiter &Uranus in Pisces.Mercury will change thehouse on 6th July10.

During the weekFINANCIAL sectorwill continue to gets t r o n gASTROLOGICALsupport. In this sectorwatch for IDFC, IFCI,

R E L I A N C ECAPITAL, BOI,BOB & CANARABANK etc.

AUTO sector willbe getting planetarysupport & watch forMARUTI, TATAMOTOR, TVSMOTOR &MAHINDRA &MAHINDRA etc inthis sector.

P E R S O N A LCARE stocks will bein strong demand, in

this segment, watch

for DABUR,MARICO, EMAMI,

C O L G A T E ,G O D R E JCONSUMERS &HULetc

PLASTIC sectorwould also be gettingastro support & in thisspace keep close eye

on SINTEX, VIPINDUSTRIES &B R I G H T

BROTHERS etcLAST WEEKS

PREDICTION: Withthe blessings of LordGANESHA,

our prediction abouHOUSING FINANCEproved jack pot &CANFIN HOME wenup by 37%, GICHOUSING & INDBANKING HOUSINGby 15% & GRUHFINANCE by 8%Among DRILLING

A B A NOFFSHORE & HOECappreciated by 6-15%In LIQUOR JAGATJIT, EMPEEKHODAY & TILAKNAGAR moved up by6-9%.

SCRIPS SL BEST BUY TARGET

MRPL 70 78 91-96

CHAMBLE FERI 62 65 69-71

SUN TV 405 425 466-484

GMR INFRA 56 58 62-65

IFCI 51 55 60-63

TOP SHORT TERM BUY CALLS

SCRIPS SL BEST SELL TARGET

SESA GOA 370 353 338-324

CAIRN 320 307 295-284

GAIL 495 479 462-447

LIC 1025 1000 972-946

SCI 167 162 157-153

TOP SHORT TERM SELL FUTURES

NIFTI FUTURE Sell on rise between 5275 to 5325 with stop loss 5390

MOMENTUM CALLS

(1) NIFTY FU Sell on risebetween 5275 to 5325 stoploss 5390 target 5165/5105

(2) NIFTY OPTION Low risktraders buy 5100 and 5000put option

(3) GAIL Buy 440 strike priceput option

(4) RENUKA SUGAR Buy 75strike price call option

(5) RELIANCE POWER Stoploss 165 targets 182-187-191

(6) RCF Stop loss 80 targets 90-93-96

(7) BALRAMPUR CHINI Stoploss 77 targets 91-95-99

WEEKLY MARKETREPORT(05/07/2010)

On Friday in the lastminutes of marketclosing news come outthat RNRL will bemerged with R-POWER

and RNRL come down.In this weekly

article I will discuss theissue what will bevaluation post mergerof RNRL-R-POWER soinvestor get clear viewabout the long termprospect of thebusiness and company.

There are threemethods to value apower company

(1) cost based (2)discounted cash flow(3) price to bookvalue

In the case of R-POWER we can not usediscounted cash flowand price to bookvalue becausecompany is in theprocess of setting upplants. So we will usecost based method tovalue R-POWER

As per internationalstandard valuation permega watt is 4crores.By 2015 reliance poweris expected to buildabout 42000 mega wattpower plants.

The merger processmay be done based onbook value methodthen RNRL shareholderwill get 1 share of R-POWER against 5

shares of RNRL.As per cost method

the value will be1.68lakh crores of R-

POWER and postmerger total share willbe 2396800000.

So value per share

comes to 617

Post Merger

Company will havefollowing assets

(1) 4 co al me dmethane block In 3251

sq.km(2) O il an d g as

block at mizoram in3619 sq km

(3) 2 billion tonne

of coal reserve(4) G as su pp ly

from reliance ind(5) Cit y ga s

distribution licenseLooking at the

details and postmerger my target forR-POWER will be 1000

Long term investorcan buy RNRL and R-POWER on declines

D E R A V T I V EANALYSIS

Aggressive callwriting between 5300to 5600 call option and5100 put writingsuggest in the fewweek nifty to remain inthe range of 5100 to5400

In 5300 call optionon Friday 6.48lakhshare added and totalopen interest 56.96lakh

In 5400 call optionon Friday 2.17 lakhshares added and totalopen interest 70.72lakh

In 5500 call optionon Friday 3.61 lakhshares added and totalopen interest 74.80lakh.

While in 5100 putthere was writing andon Friday added 7.17lakh shares and totalopen interest 68.75lakh

So call and putwriting indicates onesharp fall is on card andcan nifty slide to 5100while resistance willbe seen at 5400.

TECHNICAL LEVELS(1)SENSEX-On weekly chart

there is GANN reversaresistance will b17900 while support a17100 and 16900

(2) NIFTY FUOn weekly char

there is GANN reversaresistance will be 5400while support at 510and 5000

Sell on risbetween 5275 to 5325with stop loss 5390 fotarget 5165 and 5105

A MULTY ANALYST WEEKLY ON LINE


7/10

04-07-2010 to 11-07-2010 13

NIFTY LIKELY TO REMAIN IN 200 TO 250 POINT RANGE 5150-5400

BUT AGAIN IN JULY WE CAN SEE 5400 LEVEL ON THE UPSIDE

IN SECTOR SPECIFIC IT S

NO BRAINER THAT BUY

OIL & GAS AND

CONSUMER DURABL E

ON DIPS.

THERE WILL BE LOT OFACTION IN CASH STOCKSANY STOCK CAN HIT THE20% CIRCUIT ONLY YOU

SHOULD HAVE EYE ON THETHAT STOCK

DEAR FRIENDS OFTHE ECONOMICREVOLUTION,

NIFTY NAMASKAR ,ONE OF OUR CLIENT

SAID ON FRIDAYCLOSING THAT THERE ISNO FUN IN PLAYINGNIFTY NO CAN PREDICTWHAT WILL HAPPENTOMM ONE DAY IT WILLOPEN GAP DOWN ANDIN CLOSING IT WILL GOUP AND VERY NEXTDAY WILL HAVE DOWN

SIDE THEN IT WILL NOTCOVER LEAVE IT WEDONT WANT TO DO

ANYTHING. REALLYTHERE IS NO FUN IN

PREDICTING NIFTYMOVEMENT IT WILLREMAIN IN OURRANGE WITH HIGHVOLITILITY AND YES IFYOU ARE HOLDINGPOSITION LONG ORSHORT MARKET WILLGIVE YOUUNEXPECTED MOVE

AND IT WILL HIT YOURSTOP LOSS AND AGAINSTART MOVING UP OR

DOWN NOW MONDAYMARKET NEED TODIGEST RBI ACTION I

DONT SEE MUCHM O V E M E N THAPPNING THEREMARKET ALREADY

KNOWS THIS SOTRADERS GOT CAUGTHSEVERAL TIMES BYGOING SHORT ONBANK STOCKS.

FRIENDS WHAT WEARE SEEING IS THEREWILL BE LOT OF ACTIONIN CASH STOCKSWHICH ONE WILL FIREAND WILL HIT 20%CIRCUIT ONLY YOUSHOLD HAVE A EYE ONTHAT IF THERE IS NOF U N D A M E N T A L

ATTACHED TO THENALSO PEOPLE WILLMAKE FUNDAMENTAL

FOR THE COMPANY LETME GIVE YOU ONEEXAMPLE : BHARAT

GEARS LASTWEEK CLOSEAROUND 51AND NOWMADE HIGHAROUND 71WHY WHATH A P P E N E DS U D D E N L Y

NOTHING THEY SAYTHAT AUTOS SECTOR ISDOING WELL SO AUTORELATED STOCKS ALSO

DO WELL SO FRIENDSWE DONT KNOW WHYTATA MOTOR MARUTIOR M&M ARE GOINGUP N UP ITS NOBRAINER THAT BHARATGEARS OR BHARATFORGE , APPLLO TYRESOR CEAT WHICH ONEWILL GO UP CHOOSEYOUR PICK AND THIS ISNOT ONLY FOR AUTOTHIS CAN HAPPEN

TO ANY SECTORAND WITHIN THAT

SECTOR TO THE ANYCOMPANY AND YESYOU SHOULD KNOW

YOUR ENTRY AND EXITPOINTS APART FROMTHIS IF YOU WANT TOTRADE IN NIFTY

STOCKS HERE ARE THLEVELS FOLLOW THIYOU WILL COME TO

KNOW THAT HOWTECHNICALS ARWORKING IN THIMARKET.

WE WEL COME ADVERTISE FOR THIS PLACE

Sr_ Scrip Close Trade Price Tgt 1 Tgt 2 Tgt 3 Stop

No Name Price Type Range Loss

TRADING LEVEL -19-June-2010

1 NIFTY 5 2 3 7 B U Y 5180-5 200 5 2 3 5 5 2 5 0 5 2 8 5 5 1 6 5

2 NIFTY 5 2 3 7 SELL 5290-5 310 5 2 5 0 5 2 3 5 5 2 1 0 5 3 2 5

3 Bank Nifty 9 3 5 7 SELL BELOW 9 3 0 1 9 2 6 5 9 2 1 0 9 1 5 0 9 3 6 5

4 Bank NIfty 9 3 5 7 B U Y 9080-9 150 9 2 1 0 9 2 6 5 9 3 4 0 9 0 2 0

5 A C C 8 6 3 SELL BELOW 8 5 8 8 5 0 8 4 4 8 3 8 8 6 8

6 ASHOK LD 6 4 .4 SELL BELOW 6 4 . 2 6 3 .8 6 3 62 .5 6 5 .8

7 A XIS BANK 1 2 3 7 SELL 1230-1 242 1 2 1 8 1 2 0 5 11 8 5 1 2 4 8

8 BHARAT ELEC 1 7 2 3 B U Y 1690-1 710 1 7 3 5 1 7 5 0 1 7 8 0 1 6 7 8

9 BHARAT FORGE 2 9 4 SELL 294-29 6 2 9 1 2 8 8 2 8 5 2 9 8

1 0 B H E L 2 3 9 1 B U Y 2330-2 350 2 3 8 0 2 4 1 0 2 4 3 0 2 3 1 0

11 B I O C O N 3 1 7 SELL BELOW 3 1 6 3 1 3 3 0 9 3 0 3 3 2 2

1 2 CHENNAI PETRO 2 6 2 B U Y 258-26 2 2 6 5 2 6 8 2 7 0 2 5 4

1 3 CIPLA 3 3 6 B U Y 330-33 3 3 3 6 3 4 2 3 4 5 3 2 7

1 4 C O N C O R 1 3 8 2 B U Y 1350-1 370 1 3 9 0 1 4 1 0 1 4 3 0 1 3 3 5

1 5 DR REDDY 1 4 3 5 SELL 1430-1 450 1 4 1 5 1 4 0 0 1 3 8 5 1 4 5 8

1 6 ICICI BANK 8 4 0 B U Y 790 -81 0 8 3 0 8 4 2 8 5 0 7 8 0

1 7 KOTAK BANK 7 5 9 B U Y 710 -72 0 7 3 5 7 5 0 7 7 0 6 9 5

1 8 LT 1 7 8 6 S ELL 1785-1 800 1 7 7 0 1 7 5 4 17 3 6 18 1 0

1 9 P N B 1 0 4 6 B U Y 9 90 -10 10 1 0 2 0 1 0 4 0 1 0 6 0 9 8 0

2 0 RELIA NC E 1 0 6 8 B U Y 1030-1 045 1 0 6 0 1 0 7 8 1 0 9 0 1 0 2 0

RNRL, Reliance

Power to consider

merger on July 4Earlier, media reports had suggested tha

RNRL and Reliance Power could merge, sendinthe shares othe twoc o m p a n i ehigher.

The boardof directors oR e l i a n c eN a t u r aResources Ltd(RNRL) andR e l i a n c ePower Ltd. wimeet on July 4

to consider a merger of the two anil dhirubhaambani group (ADAG) companies.

Earlier, media reports had suggested thaRNRL and Reliance Power could merge, sendin

the shares of the two companiehigher.

The announcement is significanas it comes close on the heels of thetwo Ambani siblings rescinding a longstanding non-compete agreementallowing them to expand into eachother's sectors.

Also, last week Reliance IndustrieLtd. (RIL) and RNRL signed a new gasupply master agreement (GSMApursuant to the judgment of theSupreme Court, dated May 7.

RNRL said that it would now takappropriate steps requesting thGovernment of India for expeditiou

allocation of natural gas to facilitatimplementation of the same.

The price, quantity and the tenureof the natural gas to be supplied byRIL to RNRL from its KG basin block wibe decided by the GovernmentHowever, some reports suggest thathe new GSMA between the twocompanies entails supply of 28mmscmd natural gas for 17 years aUS$4.20 per mmbtu. RIL said that theGSMA is compliant with the GaUtilization Policy and EGoM decisions


8/10

04-07-2010 to 11-07-2010 15

GUJARATI HARD COPY AVAILABLE IN GUJARAT AND MUMBAI

Nobel Laureate in

conversation at QueensNobel Laureate

Professor Amartya Senwill be inconversation with theBBCs William Crawleyat a special event inThe Great Hall atQueens UniversityBelfast this evening(Monday, 5 July).

Regarded as one ofthe worlds greatestthinkers, therenowned Indianeconomist was rated

as one of the top tenintellectuals of themodern age byProspect magazinealongside NoamChomsky. He alsofeatured in Timemagazines 2010 list ofthe top 100 mostinfluential people inthe world.

The event atQueens University isheld in associationwith the BritishA c a d e m y

(represented by theChief Executive, RobinJackson) and the RoyalIrish Academy(represented byPresident NicholasCanny). Professor Senwill speak about hiswork on welfareeconomics, for whichhe was awarded theNobel Memorial Prizein Economics in 1998,and his latest book,The idea of Justice.

Professor Sen used

his Nobel Prize moneyto set up a trust fundto pay for initiatives tohelp people in need inIndia and Bangladesh.In recognition of thishe was awarded theIndian governmentshighest civilianhonour, theprestigious BharatRatna. He has alsoreceived theEisenhower Medal in

the United States forLeadership andService, and the LifeTime Achievementaward by the UnitedNations Economic and

Social Commission forAsia and the Pacific.Professor Peter

Gregson, QueensVice-Chancellor said:Professor AmartyaSen has rightly beenidentified as one of thegreatest intellectualsof our time. His workhas served to highlightand positively alterinjustices andinequality across theglobe. A role model forour staff and students,

we are privileged tohave him join us duringgraduation week atQueens.

Sir Adam Roberts,President of theBritish Academy, said:I have had theincredible privilege ofbeing a colleague ofAmartya Sens in threegreat institutions: theLondon School ofEconomics, OxfordUniversity, and theBritish Academy. He

has been a pioneer inexploring theconnections betweenliberty and theeffective tackling ofpoverty. In his hands,economics isdefinitely not thedismal science thatits sometimes said tobe. It is wonderful thathis huge contributionis being celebrated inBelfast.

Professor NicholasCanny, President ofthe Royal IrishAcademy added:Amartya Sen isdistinctive among

Nobel laureates inEconomics in givingpriority always to thepossible impact on thewellbeing of people,and particularly on thewellbeing of the weakand the vulnerable, ofwhatever economicpaths are chosen bygovernments.

T h econversazione eventcomes ahead of theconferment of anhonorary doctorate by

Queens on ProfessorSen for distinction ineconomics during the10.30am ceremonytomorrow morning(Tuesday, 6 July).

Ends.Media inquiries to

Lisa McElroy, Press andPR Unit. Tel: 00 44 (0)2890 97 5384 or email

Notes to EditorsProfessor Sen is

available forinterview. Pleasetelephone Anne

Langford on 00 44 (0)2890 97 5310 to arrange,Professor Amartya

Sen was born inNovember 1933 inSantiniketan, India. Heis considered as one ofthe greatestintellectuals andeconomists of modernIndia.

In addition to hiswork on welfare

economics, ProfessorSen is known for hiso u t s t a n d i n gcontribution to theunderlying causes ofpoverty and hunger,gender inequality,e c o n o m i cmeasurement, humandevelopment theoryand politicall i b e r a l i s m .Recognition forProfessor Sen has seen

him awarded withmore than 80 honorarydegrees from some ofthe worlds leadinginstitutions; the UKsCompanion of Honour(2000); the LeontifPrize from the GlobalDevelopment andEnvironment Institute( 2 0 0 0 ) ; t h eI n t e r n a t i o n a lHumanist Award fromthe International

Humanist and EthicaUnion (2002), LifetimAchievement Awardby the Indian Chambeof Commerce (2003)

If you would rathenot receive futurcommunications fromQueens UniversitBelfast, let us know byclicking here. QueenUniversity BelfastUniversity Road, Belfast, BT7 1NN United Kingdom

Power Grid to dilute 20%via follow-on public offerState-run Power

Grid Corporation ofIndia will launch itsfollow-on public offersoon and will dilute20% through this offer.

The company'sboard of directors haveapproved the follow-on public offer (FPO)of 20% of existing paid-up share capitalcomprising of 10%fresh issue of existingpaid up share capitaland 10% offer for sale(disinvestment) ofexisting paid up sharecapital by Governmentof India subject toapproval of theCabinet Committee on

Economic Affairs(CCEA), as per noticeavailable on the BSEwebsite.

The governmentcurrently holds 86.36%stake in Power Grid.Share closed at Rs103.45, up Rs 0.25, or0.24% on Friday. Thecompany marketcapitalisation stands atRs 43,540.46 crore.

Power Grid plans toinvest Rs 58,000 croreto build nine highcapacity corridors,reports CNBC-TV18,quoting sources.Power Grid expectsfunding for this projectfrom the World Bank

and the AsiaDevelopment Banand accruals from itfollow on public offer

These transmissiocorridors will link thNorth-East with siother states namelyOrissa, JharkhandChattisgarh SikkimTamil Nadu and Andhr

Pradesh. This projecwill be spread over aperiod of five years

The CentraElectricity RegulatorCommission (CERC) haalready given itclearance for theshigh capacity corridorsinform sources.

Technofab Engg IPO subscribed 12.78 timesThe initial public of-

fering of Technofab En-gineering (TEL) has re-

ceived overwhelmingresponse from inves-tors. The issue has sub-scribed 12.78 times, asper data available onNSE website.

The offering of 29.9lakh shares has re-ceived bids for 3.82crore equity shares. Amajor participation wasseen from non-institu-tional investors; theirreserved portion gotsubscribed 48.85 times.

Retail and qualifiedinstitutional investors'reserved portion sub-

scribed 10.03 times and4.28 times, respec-tively. Employee's re-served portion wasfully subscribed.

A price band for theissue was at Rs 230-240a share. The issue con-stituted 28.50% of thepost issue paid-up eq-uity capital and the netissue 28.03% of the postissue paid-up equitycapital of the company.

TEL, which

specialises in engineering, procuremenand construction ser

vices, plans to raise R68.77 crore at the loweend of the price bandand Rs 71.76 crore at thupper.

The company is engaged in the business oproviding EngineerinProcurement and Construction (EPC) servicesand executing a widrange of Balance-ofPlant (BoP) and electromechanical projects on complete turnkey basis


9/10

04-07-2010 to 11-07-2010 17

reduce cover price inRanchi from Rs 4 to Rs2 in June 2010.

* Newsprint costconstitutes about 40-50% of the costs of print

media companies.Newsprint prices hadbeen very volatile in2009, hitting highs ofUS$ 900 per tonne.They have cooled downto US$ 450 per tonneand are now moving atUS$ 575 per tonne cur-rently. The volatility innewsprint prices wouldhave an impact on theprofit margins of printmedia companies.

POSITIVE FORINVESTMENT* As per FICCI-

KPMG Report 2010,the Indian print mediasegment is estimated tohave grown by 2% in2009 to Rs 175 billionfrom Rs 172 billion in2008. In 2010, the over-all print market size isexpected to grow at 8%to Rs 190 billion on theback of advertisementled recovery supportedby partial economic re-covery and release ofpent-up demand and ad-vertisement budgets.Over the next 5 years,the overall print marketis expected to grow atCAGR of 9%.

* With a readershipbase of over 350 million,India is the second larg-est print market in theworld. However, thismarket is still under-pen-etrated in comparison toits population. With a42% reach in the urbanmarkets and a low 21%reach in rural markets,major growth opportu-nity lies in the vernacu-

lar markets.* There is a signifi-cant mismatch betweenthe readership numbersand advertising revenuesfor English and Hindinewspapers due to therate of advertising inHindi dailies being muchlower than in Englishdailies. Though thereach of Hindi print ishigher, it has not beenable to monetize that

reach. The premium ofEnglish over Hindi is es-timated to be 6.4 times.With growth picking upoutside the metros, ascan be seen by thegrowth in Tier II andTier III cities, the ratesare expected to move infavour of Hindi and re-gional print. E.g. Bihar& Jharkhand have beenthe two leading states interms of GDP growthfaster than the nationalaverage.

* HMVL has a strongparentage in the HTgroup, an integrated mul-timedia company.'Hindustan' has a strongfoothold in the Bihar &Jharkhand market. Its

share of readership is in-creasing in the biggestHindi region of UttarPradesh. The funds raisedwould be utilized to set upmore printing facilities inUttar Pradesh, thereby in-creasing its penetration inthe state. Also, 'Hindustan'has been one of the fast-est growing Hindi daily inthe country, with 6% in-crease in readership to99.14 lakh, as per the lat-est readership survey.

FINANCIALfor Period ending

March2010 HMVLposted a revenue of 167Cr & Net profit of 14 Cr.InNov 2009 HT Mediatransferred hindi businessto HMVL.For that periodie (March 2009-Nov2009) Hindi business ofHT Media contributed to277 Cr revenue & 32 Crprofit.So we have to addthese both ie HMVL be-fore tranfer of business &post transfer ofbusiness.Adding up we get444 Cr of revenue & 46

Cr of profit for period end-ing MarFY10.Now pre Is-sue Shares were 5.71Cr.Now to get a price of270 Cr with a Issue priceof 162 it should issue 270/162=1.67 Cr.Similarly witha Issue price of 175 itshould issue 1.54 Cr.Sototal shares post is-sue=5.71+1.67=7.38 &5.71 +1.54=7.25 resp.SoEPS comes out to 6.23 &6.34.Hence it is coming out

Cont. from Pg. 18New IPO

with a PE of 26-27.6 in theprice band of 162-175.

DB Corp trades at240 with an EPS of11.5.With an EPS of 5.8Jagran prakasan trades at124.One advantage ofHMVL is it will becomecompletely debt free postthe issue while DB corp& Jagran prakashan havedebt in their balance sheet.

Just a recap of whatthe company does.HMVL is promoted byHT Media and holds 98.85per cent of stake in thecompany. The company isengaged in publication ofthe Hindi daily 'Hindustan'along with two magazines'Kadambini' and 'Nandan'in the northern region of

India. HMVL enjoys thenumber one position instates like Bihar andJharkhand and also con-solidating its position inDelhi, Uttarakhand andUttar Pradesh. TheHindustan is the third larg-est daily newspaper in In-dia with a readership of 9.9million readers (Source:IRS Q1FY10). It has astrong presence in thestates of Bihar andJharkhand, with a stronggrowing presence in theDelhi-NCR region and the

states of Uttar Pradeshand Uttarakhand.

After thinking these allthings Therefore we sug-gest our readers to sub-scribe to the issue on alonger term basis.

AHMEDABAD AIRPORT

GETS A NEW TERMINAL

A spanking new termi-nal at the SardarVallabhbhai Patel inter-national airport herewas inaugurated on Sun-day, bridging further thecountrys infrastructure

deficit.Built at a cost ofRs.300 crore and mod-elled on the lines ofSingapores Changi air-port, the terminal will befunctional from nextm o n t h .Civil Aviation MinisterPraful Patel, who inau-gurated the terminal inthe presence of GujaratChief MinisterNarendra Modi andthree members of theunion cabinet from

Gujarat, said the gov-ernment had embarkedon an ambitiousprogramme to overhaulair passenger movementfacilities in the country.A new swanky, world-

class terminal wasopened on Saturday atthe Indira Gandhi Inter-national Airport inD e l h i .The inauguration of theterminal marked the

completion

of the second phase ofthe eighth busiest airportin the country spreadover 41,000 squaremetres of floor spaceand equipped to handle100 domestic flights aday and more than 20international ones.A 410-metre-longtravelator will connectthe new to the existingterminal for passen-gers. A travelator isquite similar to an esca-lator, except it runs par-allel to the ground.With 32 check-in cen-tres, 12 bays/aprons(aircraft parkingspace), and 4aerobridges, the airport

is equipped to handle 80lakh passengers per annum against a currenannual traffic of 2

l a k hThe upgradation of thairport is, however, nowithout costs for thpassengers. The domestic air traveller wilhave to fork out Rs.110as airport developmencharges and the international traveller Rs.415

per ticketPatel also said he woulconsider the demanraised by Modi andother central ministerfrom Gujarat to restara flight to London fromAhmedabad which wastopped some timback for lack of trafficHe also agreed to consider the demand for thinstalling of a statue oSardar Patel at the airp o r tEarlier, chief ministe

Modi asked for centrasupport to promote inter-city air travel in thstate. Gujarat has 20airports, five of them inKutch alone, hadded.

A GRAND STATUE OF SARDAR PATEL WILL GRACE AHMEDABAD AIRPORT

A grand statue of ShriSardar Vallabhbhai Patelwill grace Ahmedabad'sSaradar Patel internationalairport, said Shri Praful

Praful Patel, anotherunion minister ShriDinsha Patel in hisspeech demanded astatue of Sardar patelat Sardar Patel air-port." There are pho-

tographs of SardarPatel here, but that isnot enough. Thereshould be a grandstatue of Sardar Patelhere on the airport. IfPrafulbhai is ready totake this idea, we candonate for making ofthis statue throughSardar Patel Memo-rial," Dinsha Patel saidin his speech.

Reacting to this ShriPraful Patel in hisspeech welcomed thisidea and said, "SaradarPatel's grand statue willbe erected by the Air-port Authority of India

only. We can't takemoney for SardarPatel's statue from any-one else. We would in-vite Chief MinisterNarendra Modi andunion minister DinshaPatel to give their ideaand inputs about howSardar Patel's statueshould be designed. Thework for making of thestatue will be started

from Sardar Patel'snext anniversary only."Chief MinisterNarendra Modi sup-ported Dinsha Pateland Praful Patel fortheir move and said

this is a welcome step.He also added thatthere should be a kioskwith complete detailabout Sardar Patel invarious languages forpublic access atAhmedabad airport.There should be simi-lar kiosks at various air-ports providing detailof the person afterwhich the airport isnamed.

P a t e l ,u n i o n

A v i a -t i o nminis-ter to-day inh i sspeecha f t e ro p e n -ing newairportbuildingh e r e .Before

visit www.theeconomicrevolution.com for live advise from our experts


10/10

04-07-2010 to 11-07-201018

I P OI P OI P O

ONE CAN INVEST HAVING LONG TERM VIEWHINDUSTAN

MEDIA VEN-TURES LTD

promoted by HTMedia is entering the

capital market on Jul. 5,2010 to raise Rs 2.70 bil-lion, with a fresh issue ofequity shares of Rs 10

each, in a priceband of Rs162-175 ashare. The

company willissue 15.4 to

16.7 million fresh equityshares, depending onthe price discovered, viathe 100% book-built pub-

lic issue, whichcloses on Jul. 7,2010

COMPANYSI N T R O -

DUCTION

HindustanMedia Ventures(HMVL) is pro-moted by theHT Media, anintegrated multi-media company.HMVL pub-

lishes and prints'Hindustan', thethird largest

daily newspaperin India by read-ership (9.9 mil-lion readers, ac-cording to IRS,Q1 2010). Thecompany alsopublishes two

Hindi magazines,'Nandan', a children'smagazine, and'Kadambini', a generalinterest magazine. In ad-dition to its Hindi printpublications, it also op-erates the website,www.livehindustan.com,

which focuses onproviding news inHindi with regionalcontent. Further,HMVL recently for-ayed into event man-agement and cus-

tomized event solutions.

From December 1,2009, pursuant to thebusiness purchaseagreement dated No-vember 16, 2009,HMVL acquired as agoing concern the Hindibusiness including'Hindustan', 'Nandan'and 'Kadambini' publica-

tions, certain printing fa-cilities and personnelfrom HT Media, its pro-

moter, on a slump salebasis and on an 'as iswhere is' basis.

'Hindustan' beganpublication in 1936, ow-ing its origins to andserving as a medium forthe freedom movement,

and has been one ofIndia's eminent Hindinewspaper dailies for

over 70 years.'Hindustan' has the larg-est readership in keyHindi-speaking marketsof Bihar and Jharkhand,with a strong and grow-

ISSUE ALLOCATIONInstitutional HNI Retail Employee9,257,143 1,542,857 4,628,571 000

ing presence in DelhiNCR, Uttar Pradeshand Uttarakhand.'Hindustan' was one ofthe fastest growing

Hindi daily newspapersin India with a growth inreadership of 15.9% be-tween July 2006 andDecember 2009(Source: IRS, R2 2007to Q1 2010).

'Hindustan' is pub-lished in four editionsand 113 sub-editions. Itis presently printed at 17locations in UttarPradesh, Bihar,Jharkhand, Uttarakhand,Punjab and Delhi NCRwith a total installedrated capacity approxi-mately 0.78 million cop-

ies per hour.These printing fa-cilities are locatedat Agra,A l l a h a b a d ,B a r e i l l y ,B h a g a l p u r ,Dehradun, DelhiNCR, Dhanbad,J a m s h e d p u r ,K a n p u r ,Lucknow, Meerut,M o h a l i ,M u z a f f a r p u r ,

Patna, Ranchi, Danapurand Varanasi. The com-pany distributes itsnewspapers through amulti-tiered network ofagents and vendors.

HMVL sells adver-tisement space for its

p u b l i c a t i o n sthrough advertis-ing agencies aswell as directly toclients. Further,

the company leverageson the HT group's rela-tionships with variousadvertising agencies tofacilitate sale of adver-tising space in its publi-cations. As of May 31,2010, the HT group hadtransacted with 845 ac-

credited agencies and6496 non-accrediteagencies.

The company plan

to raise Rs 270 crorthrough fresh issue oequity shares. Of thfunds raised, Rs 66 crorwould be utilized for setting up new productiofacilities adding abou40,000 copies per houto be operational by endFY 2012 in UP, Bihaand Jharkhand, Rs 5crore towardupgradation of existinfacilities, and Rs 135crore towards prepayment of loan.

The company's current printing capacity i7.8 lakh copies per hourwhich it plans to increase by 40,000 copieto 8.2 lakh copies.

PROMOTORSPROFILE

H I N D U S T A NMEDIA VENTURESLTD is promoted byHT Media Ltd, a publilimited company, is primarily engaged in thbusiness of printing andpublication of newspapers and periodical

which include'Hindustan Times' and'Mint'

NEGATIVE FORINVESTMENT* Competition within

the segment and fromother media platformsThe Hindi print segmenis highly fragmented andcompetition is intenswith the entry of leading players in newer geographies. D B Corpthe Dainik Bhaskagroup, has planned entry into Bihar &Jharkhand a strongholof 'Hindustan'. This haprompted 'Hindustan' t

Continue on .....1

HINDUSTAN MEDIA VENTURES LTDIssue Open: Jul 05, 2010 to Jul 07, 2010

Issue Type: 100% Book Built Issue(Initial Public Offer IPO)

Issue Size : 15,428,571 Equity SharesRs. 270 Crore

Face value of the shar: Rs.10Offer price : Rs. 162 - Rs. 175 Per Equity ShareMinimum Investment : Market Lot: 40SharesManimum Subscription : Rs.7000Miximum Investment : 560 SharesMaximum Subscription : Rs.98000Promotors : The Promoters of The Company are:

Hindustan Media Ventures LtdRegistered Office : HINDUSTAN MEDIA VEN

TURES LTDBUDH MARG,PATNA - 800 001.Tel : 911123704600Fax : 911166561445

Email : [email protected]: http://www.hmvl.in

RegistrarKarvy Computershare Private LimitedKarvy House, 46, Avenue 4, Street No. 1,Banjara Hills, Hyderabad - 500 034Andhra Pradesh, India

Phone: +91-40-23312454Fax: +91-40-23311968

Email: [email protected]

Website: http://karisma.karvy.comLead Managers:1. Edelweiss Capital Limited2. Kotak Mahindra Capital Company LimitedCheque Drawn In Favour Of"Escrow Account - Hindustan Public Issue - R" For RetailBiddersListing : BSE, NSE

IPO GRADING / RATINGCRISIL has assigned an IPO Grade 4 to

Hindustan Media Ventures Ltd IPO. Thismeans as per CRISIL company has 'AboveAverage Fundamentals'. CRISIL assignsIPO grading on a scale of 5 to 1, with Grade5 indicating strong fundamentals and Grade1 indicating poor fundamentals.Click here todownload the CRISIL IPO Grading Docu-ment for Hindustan Media Ventures Ltd.

OBJECTS OF THE ISSUE:The objects of the issue are:1. Setting up new publishing units;2. Upgrading existing plant and machinery;3. Prepayment of loans; and4. General corporate purposes.

ter englih issue 19 yr 3.some pages

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