Scrips that are mentioned in todays mail rocked on the street.

Indian markets displayed tremendous strength,  The next hurdle for market rally is  on 17th March  RBI Policy meeting. 


Vishal Retail which was mentioned in the morning on the news of TPG Capital and Shriram Group are close to taking operational control of Vishal retail Ltd. locked at 20% upper circuit, Below is the information what we sent to our paid clients in the early morning at 8:00 PM, 

Vishal Retial Ltd: Private equity (PE) firm TPG Capital  and Chennai based Shriram Group are close to taking operational control of debt-ridden retail chain Vishal Retail Ltd. The TPG-Shriram combine had earlier struck a deal to take over Vishal Retail in September, after nearly a year of negotiations.

All finer details for the transfer of the company have been worked out and an announcement will be made soon. Attempts to fund its ambitious expansion plan with borrowings left the retailer laden with debt and inventory during the downturn of 2008-09, eventually requiring a corporate debt restructuring of Rs.730 crore of debt. Many outstanding issues had to be settled for the change in ownership. The decks have now been cleared for the actual handover of the company, and all its employees will be absorbed by the buyers.

Reliance Capital: Below is the information that we sent to our paid clients in the morning mail.

Nippon Life to Invest $724 Mn in reliance Life: Nippon Life Insurance Co plans to buy a 26 percent stake in India's Reliance Life for about 60 billion yen ($724 million), a source with knowledge of the matter said, in the latest move by a Japanese insurer to expand overseas. Nippon Life, Japan's largest life insurer, is in talks with Reliance Capital , the parent of the Indian insurer, to acquire the 26 percent stake, the maximum allowed for a foreign company in an Indian insurance joint venture.

And see the result it gained 9.72% for the day. What an wonderful profits with in a day.

SCIL Ventures which was recommended at Rs. 96 today reached Rs.111.35. 

Northgate Technologies which was told as buy n hold at Rs.13+, so as to get it get 100% returns with in 6 months, today locked at upper circuit. and what is the latest in this counter, This part is only for Paid members.

Stay with venkistockcalls@gmail.com, for pure profits, rush your mail to venkistockcalls@gmail.com for subscription.

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Below is the mail that we sent to our paid clients in the morning:

Hi Good Morning All,

Last week, the Sensex opened at 18361.65, reached  high of 18583.30 and fell to a low of 18058.71 before it finally closed the week at 18174.09 and thereby showed a net fall of 368 points on a week-to-week basis.

Volatility  in Indian equities reached a 15 month high as uncertainty gripped the markets owing to concerns over interest rates and inflation, fuelled by a surge in oil and commodity prices, also global cues added fuel for this volatility.

Outlook for the next week :

The cooling of food inflation data and a better than expected IIP data is expected to give support to the market, provided the global sentiment remains stable. However, the escalated U.S. unemployment report, rising tensions in the Middle-East pushing the crude prices and the recent slew of natural calamity in Japan might trigger the negative sentiments. Thus considering the global set of events, the market might see a sideways trading and may fall further if global situation worsens in the coming week. Technically, the benchmark Nifty traded in the broader range of 5,400 to 5,650 during the week. Going forward, the 5,400 level will act as a support for Nifty, violating which might see 5200 as strong Support point. On the other hand the benchmark faces resistance near the 5,600 level and then 5,650 level near which the 200DMA lies.

The market may remain volatile this week as investors eye a slew of economic and corporate data. The Reserve Bank of India (RBI) undertakes a mid-quarter policy review on Thursday, 17 March 2011. The fourth advance tax payment installment is due on Tuesday, 15 March 2011 and will provide a cue on Q4FY11 results of individual firms.

Caught between achieving its dual objectives of containing inflation and promoting growth, the Reserve Bank of India (RBI) is muddling over raising the interest rates further in its mid-quarter monetary policy review on March 17. Though the government released data which shows that the food inflation for the week ended February 26 slowed to a three-month low of 9.52% year-on-year (YoY) compared with a 10.39% increase in the previous week, it still remains above the comfort level of RBI. RBI mulls over policy to control inflation, encourage growth , as we are expecting a rate hike by central bank, in view of this development bank shares will be subdued during this week.

India’s exports for February 2011 jumps 50% to $23.6 billion

India’s exports for the month of February rose 49.8% to $23.6 billion on a year-on-year (YoY) basis, while imports for the said month jumped 21.2% on YoY basis and stood at $31.7 billion (Provisional). The increase in exports was registered on the back of increased demand from markets like North America, Asia and Africa.

Oil Slides after earth quake and tsunami in Japan, US Crude fell to 99.01$ a barrel, as a result of Japan shut down dozens of plants.

Developments in Various Listed companies:

Pondy Oxides & Chemicals Ltd is going to meet on March 18^th 2011 to Approve  the Merger Scheme of Lohia Metals Pvt Ltd.

Vishal Retial Ltd: Private equity (PE) firm TPG Capital  and Chennai based Shriram Group are close to taking operational control of debt-ridden retail chain Vishal Retail Ltd. The TPG-Shriram combine had earlier struck a deal to take over Vishal Retail in September, after nearly a year of negotiations.

All finer details for the transfer of the company have been worked out and an announcement will be made soon. Attempts to fund its ambitious expansion plan with borrowings left the retailer laden with debt and inventory during the downturn of 2008-09, eventually requiring a corporate debt restructuring of Rs.730 crore of debt. Many outstanding issues had to be settled for the change in ownership. The decks have now been cleared for the actual handover of the company, and all its employees will be absorbed by the buyers.

Reliance Broadcast: Reliance Broadcast Network Limited has proposed a Joint venture deal with Luxembourg-based RTL Group. RTL Group operates Radio stations and Television Channels in 10 countries for buying or operating television channels.

HEG Ltd (Bse Code: 509631): The company board meeting, is cheduled to  be held on March, 14, 2011,  to consider and approve the proposal of buy back share from open market.   Keep an eye on this counter.

The Textiles Ministry is seeking rollback of excise duty on branded apparel, following protest from retailers, including Shoppers Stop and Pantaloons, who have gone on strike this week protesting the new levy.

  

United Phosphorus Limited to acquire 50% in Sipcam Isagro Brazil:
United Phosphorus Limited to acquire 50% stake in SIB, the buyout price, as per media reports, seems high. Sipcam Isagro Braiz  is a 50-50 JV between Sipcam-Oxon Group and Isagro. Uunited Phosphorus Limited  expects the acquisition to close in a month. Media reports peg the deal value at US$600m.

Nippon Life to Invest $724 Mn in reliance Life: Nippon Life Insurance Co plans to buy a 26 percent stake in India's Reliance Life for about 60 billion yen ($724 million), a source with knowledge of the matter said, in the latest move by a Japanese insurer to expand overseas. Nippon Life, Japan's largest life insurer, is in talks with Reliance Capital , the parent of the Indian insurer, to acquire the 26 percent stake, the maximum allowed for a foreign company in an Indian insurance joint venture.

Please hold Northgate Technologies, S.E Investments, SCIL Ventures, Assam Company,  TCI Finance, Alok Industries...

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Regards
VenkiStockCalls.
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