VLS Finance is a flagship company of VLS Group. It operates through four of its subsidiaries and VLS Investment is another peer into the same subsidiary group. VLS Finance is a very interesting as the stock is terribly undervalued. The market cap of this company is just Rs 60 crore. The company had investments in Sunair Hotels, which is a Delhi metropolitan hotel, which is roughly worth Rs 800 crore. There is a pending litigation on the company with Gupta brothers.
If I see the entire litigation aspect I feel the case should be in favour of the VLS Finance Group and then this stock can be a multi-baggier because if I see the entire aspect—Rs 800 crore of worth where the company would be holding approximately 87% after the case hearing is closed—that will mean that the value of the stock itself would be around Rs 600 crore.
The current market cap is Rs 60 crore. Apart from this the company holds 14% in Relaxo Footwear along with its subsidiary, which again works out to be Rs 60 crore that means you are having a free stock available for you where there is unlimited upside—5-6 times even from here—and almost no downside for the stock.
The stock last time in 2007, just before the hearing, was approximately hovering around Rs 80-90 levels. With the case hearing coming near the stock could again go to those levels and if the case hearing is actually going to be in favour of the VLS Finance Group the market cap could be anywhere between Rs 400-500 crore also.
At Rs 600 crore marketcap where there is no downside risk because of Relaxo Footwear and other holdings like Gati etc, and there is unlimited upside potential we feel that this stock could be a multi baggier from current levels.
Q: So what is you price target on it?
A: If someone has the potential to hold it for couple of years or three years down the line he could see the stock even in three figures.
Saturday, August 21, 2010
Gujarat Pipavav Port
Issues Open Now
Following are the details related to upcoming IPO
Following are the details related to upcoming IPO
Gujarat Pipavav Port
Sector: Engineering & Capital Goods
Issue Terms | |
|---|---|
Issue price / Floor Price (Rs) | 42-48 |
Application per share (Rs) | 42.00 |
Minimum investment amount (Rs) | N.A. |
Minimum bid (no of shares) | N.A. |
Maximum Shares for Retail | N.A. |
Issue Date and Size | |
|---|---|
Issue opens | 23-Aug-10 |
Issue closes | 26-Aug-10 |
Listing on | BSE, NSE |
Issue size (Rs cr) | N.A. |
Mkt cap at issue price (Rs cr) | N.A. |
Shares on Offer | Lakhs |
|---|---|
Total shares offered | N.A. |
Of above, offered to public | N.A. |
Post-issue shares | N.A. |
Post-issue promoters' holding(%) | N.A. |
Company Financials (Rs cr) | 2009-12-31 |
|---|---|
No of months | N.A. |
Turnover | N.A. |
Net profit / (loss) | N.A. |
Borrowings | N.A. |
Investor Information | Lakhs |
|---|---|
Lead Manager(1) | IDFC-SSKI Limited |
E-mail | gppl.ipo@idfcsski.com |
Lead Manager(2) | Kotak Mahindra Capital Co Ltd |
E-mail | |
Registrar | Karvy Computershare Pvt Ltd |
E-mail |
Company Contact Details | |
|---|---|
Company's address | Pipavav Port, At Post Uchchaiya via Rajula, District Amreli, Gujarat |
Pincode | 365 560 |
Tel No. | 91 2794 302 400 |
Fax No. | 91 2794 302 402 |
Website |
Bull of the week: Stock that gained 91% in 7 days
Here is a piece of news that could be music to your ears if you are invested in Saregama India. The stock has been very active on the bourses in the past several days and witnessed a huge 117% move in one month. Much of the 91% move has come in the past seven trading sessions.Today, the stock surged 7.62%, or Rs 11.15 to end at Rs 157.50 on the BSE. Intra-day it touched a 52-week high of Rs 160.95. There were pending sell orders of 81 shares, with no buyers available.
Wednesday, August 18, 2010
Holiday List - BSE 2010
Today I thought if it is really working day tomorrow, and I started searching for holiday list on the Internet, I got this list from BSE India website
you can see next BSE holiday is 10th September on Ramzan Eid
you can see next BSE holiday is 10th September on Ramzan Eid
| Holidays | Date | Day | |
| 1 | New Year | 1st January 2010 | Friday |
| 2 | Republic Day | 26th January 2010 | Tuesday |
| 3 | Mahashivratri | 12th February 2010 | Friday |
| 4 | Holi (2nd Day) | 1st March 2010 | Monday |
| 5 | Ram Navmi | 24th March 2010 | Wednesday |
| 6 | Good Friday | 2nd April 2010 | Friday |
| 7 | Dr. Babasaheb Ambedkar Jayanti | 14th April 2010 | Wednesday |
| 8 | Ramzan Id | 10th September 2010 | Friday |
| 9 | Diwali Amavasya (Laxmi Puja) | 5th November 2010 | Friday |
| 10 | Bakri-Id | 17th November 2010 | Wednesday |
| 11 | Moharum | 17th December 2010 | Friday |
Tuesday, August 17, 2010
India to become fastest growing economy by 2015: Morgan Stanley
Favourable demographics, structural reforms and the effects of globalisation will help India to get past China to become world’s fastest growing economy by 2013-15, Morgan Stanley has said.“Over the next two years, India should start matching China’s GDP growth of around 8.5-9.5%, barring another global financial crisis.
More importantly, we think that by 2013-15, India will start outpacing China’s GDP growth notably,” Morgan Stanley economists Chetan Ahya and Tanvee Gupta reportedly concluded in a research paper.
While China’s growth rate will likely to slow down to 8 percent from about 10 percent by 2015, they added.
China has maintained an average growth rate of ten percent over 30 years.
However, China economy and its per-capita income will be well ahead of India, it added. India will need another 10-11 years to match the per-capita income of China’s 2009 levels of USD 3,750, the research paper said.
Notably, China has recently overtaken Japan as the second-biggest economy in the second quarter.
India is the eleventh largest economy in the world by nominal GDP and the fourth largest by purchasing power parity (PPP) while China is now the second largest economy in the world with a nominal GDP of USD 4.99 trillion.
India’s nominal GDP stands at USD 1.250 trillion.
Monday, August 16, 2010
Tata steel to up manufacturing capacity 3-fold
Tata Steel will increase its manufacturing capacity in the country three-fold by 2012 to 21 million tonnes per annum (MTPA) from the current 7 million tonnes. "After completion of the 3 million tonnes expansion project at Jamshedpur, the company's steel manufacturing capacity in Indian operations
will enhance to 10 MTPA by 2012," said Ratan Tata, chairman, Tata Steel, at the recently-concluded annual general meeting of Tata Steel.
The company plans to invest R4,500 crore this fiscal followed by R7,000 crore in 2011-12 for various projects.
will enhance to 10 MTPA by 2012," said Ratan Tata, chairman, Tata Steel, at the recently-concluded annual general meeting of Tata Steel.
The company plans to invest R4,500 crore this fiscal followed by R7,000 crore in 2011-12 for various projects.
Sunday, August 15, 2010
Where to Buy Gold from?
Gold is a ‘must have’ in your investment portfolio. Frankly, there is no need to advocate investment in gold amongst Indian audiences.
Traditionally, it is a popular avenue of investment for Indians. However, buying jewelry is not as good an investment as buying pure 24 karat gold. Hence, when we talk of gold as an investment, we mean gold coins, gold biscuits or gold bars – any piece of 24 karat gold.
Since gold is a popular investment, there are several avenues of buying it. Even banks and post offices sell gold. So, from where should you get your gold? Here are your choices:
Jewelers
All jewelers sell gold coins, gold biscuits and 24 karat gold rings. 24 karat gold rings are the most popular sellers. You can visit your trusted jeweler to purchase gold. You can resell a piece of 24 karat gold without any loss in value. It is important that you check that the gold coin / bar / ring etc has a 24 karat seal on it. The cases of fraud amongst jewelers are common; hence it is best to buy gold only from jewelers that you trust and that have a good reputation. It is a good idea to verify the purity of gold from another jeweler.
The advantage of buying gold from jewelers is that it is one of the cheapest sources plus it blends with consumer mindsets of buying gold from jewelry shops. Also, you can take it back to the same or any other jeweler and cash it at the current selling rate.
Banks
Banks too sell gold. State Bank of India, Axis Bank, Bank of India, ICICI Bank and HDFC Bank are amongst banking institutions selling gold coins. A bank is probably the most trusted source to buy gold. Since people trust their money to banks, buying gold from a bank is a viable idea. One can be sure of the purity of gold. Banks give certificates of purity for the gold coins they sell.
However, getting your gold from banks will be costlier as they charge a premium of 10 percent to 15 percent over the market rate. So, if your jeweler sells 1 gram of gold for Rs. 1853/- (as of June 06, 2010), you can get the same from a bank for an additional amount of Rs. 278/-. So, for 10 grams of gold, you will pay Rs. 2, 780/- more at the current rates. This is a direct hit in your profits when you sell the gold. Also note that banks are not permitted to buy back the gold they sell. So, you will have to find another buyer for it.
Gold Exchange Traded Funds
If you are purchasing gold solely for investment purposes, you don’t really need to buy gold in its physical form. You can buy gold in demat form - gold exchange traded funds. A unit of an ETF fund approximates the value of 1 gram of gold. So, modest purchasers can also get into the gold market. ETFs can save you the cost of storage of gold coins and the time and effort to secure your purchase (such as bank locker charges). Further, you need not worry about the accuracy of weight or purity of the gold – Gold ETFs counter all the demerits involved in purchasing gold. Just one hitch – if you are buying gold coins for investment such that they can be converted to jewelry later on for any occasion like your child’s wedding – then this option does not work for you. The performance of Gold ETFs has been impressive.
Online over the Internet
As most of your other investments, gold can be purchased online too. Some jewelers also have started selling online. Security, accuracy of weight and purity of gold are major concerns here. So, you should buy from reliable sources only. Banks such as ICICI Bank also sell gold online. However, the same drawbacks related to buying from banks persist here.
Gold Retailers
Corporate giants also sell gold through their outlets spread across the nation. For example, TATA has a retail chain Tanishq. This is also a very reliable avenue and often used by companies to gift its employees.
Post offices
An extremely reliable source plus reasonable prices- Indian Postal Offices sell gold coins. Post offices of only a few cities extend this facility. However, this avenue has the potential of reaching out to remote areas. This is because, every village, however, small it may be, has a post office. It can be a very good alternative to local jewelers. Gold coins in lower denominations (0.5 grams, 1.0 grams, 5.0 grams and 8.0 grams) are also sold here so that most people can afford purchasing gold from post offices.
At present post offices in the following cities sell gold coins: Delhi, Ahmedabad, Surat, Baroda, Pune, Nashik, Nagpur, Mumbai, Chennai, Trichy, Coimbatore, Salem and Madurai.
Traditionally, it is a popular avenue of investment for Indians. However, buying jewelry is not as good an investment as buying pure 24 karat gold. Hence, when we talk of gold as an investment, we mean gold coins, gold biscuits or gold bars – any piece of 24 karat gold.
Since gold is a popular investment, there are several avenues of buying it. Even banks and post offices sell gold. So, from where should you get your gold? Here are your choices:
Jewelers
All jewelers sell gold coins, gold biscuits and 24 karat gold rings. 24 karat gold rings are the most popular sellers. You can visit your trusted jeweler to purchase gold. You can resell a piece of 24 karat gold without any loss in value. It is important that you check that the gold coin / bar / ring etc has a 24 karat seal on it. The cases of fraud amongst jewelers are common; hence it is best to buy gold only from jewelers that you trust and that have a good reputation. It is a good idea to verify the purity of gold from another jeweler.
The advantage of buying gold from jewelers is that it is one of the cheapest sources plus it blends with consumer mindsets of buying gold from jewelry shops. Also, you can take it back to the same or any other jeweler and cash it at the current selling rate.
Banks
Banks too sell gold. State Bank of India, Axis Bank, Bank of India, ICICI Bank and HDFC Bank are amongst banking institutions selling gold coins. A bank is probably the most trusted source to buy gold. Since people trust their money to banks, buying gold from a bank is a viable idea. One can be sure of the purity of gold. Banks give certificates of purity for the gold coins they sell.
However, getting your gold from banks will be costlier as they charge a premium of 10 percent to 15 percent over the market rate. So, if your jeweler sells 1 gram of gold for Rs. 1853/- (as of June 06, 2010), you can get the same from a bank for an additional amount of Rs. 278/-. So, for 10 grams of gold, you will pay Rs. 2, 780/- more at the current rates. This is a direct hit in your profits when you sell the gold. Also note that banks are not permitted to buy back the gold they sell. So, you will have to find another buyer for it.
Gold Exchange Traded Funds
If you are purchasing gold solely for investment purposes, you don’t really need to buy gold in its physical form. You can buy gold in demat form - gold exchange traded funds. A unit of an ETF fund approximates the value of 1 gram of gold. So, modest purchasers can also get into the gold market. ETFs can save you the cost of storage of gold coins and the time and effort to secure your purchase (such as bank locker charges). Further, you need not worry about the accuracy of weight or purity of the gold – Gold ETFs counter all the demerits involved in purchasing gold. Just one hitch – if you are buying gold coins for investment such that they can be converted to jewelry later on for any occasion like your child’s wedding – then this option does not work for you. The performance of Gold ETFs has been impressive.
Online over the Internet
As most of your other investments, gold can be purchased online too. Some jewelers also have started selling online. Security, accuracy of weight and purity of gold are major concerns here. So, you should buy from reliable sources only. Banks such as ICICI Bank also sell gold online. However, the same drawbacks related to buying from banks persist here.
Gold Retailers
Corporate giants also sell gold through their outlets spread across the nation. For example, TATA has a retail chain Tanishq. This is also a very reliable avenue and often used by companies to gift its employees.
Post offices
An extremely reliable source plus reasonable prices- Indian Postal Offices sell gold coins. Post offices of only a few cities extend this facility. However, this avenue has the potential of reaching out to remote areas. This is because, every village, however, small it may be, has a post office. It can be a very good alternative to local jewelers. Gold coins in lower denominations (0.5 grams, 1.0 grams, 5.0 grams and 8.0 grams) are also sold here so that most people can afford purchasing gold from post offices.
At present post offices in the following cities sell gold coins: Delhi, Ahmedabad, Surat, Baroda, Pune, Nashik, Nagpur, Mumbai, Chennai, Trichy, Coimbatore, Salem and Madurai.
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