Birla Cotsyn (India) Limited - IPO

Birla Cotsyn (India) Limited belongs to the Yash Birla Group (YBG) of companies and was incorporated on 24th September, 1941 by Mr. R.D. Birla under the name and style of M/s. Jamod Ginning Company Private Limited. It was renamed on 8th October 1998 as M/s Birla Agro Private Limited. Company’s name has been subsequently changed to Birla Cotsyn (India) Pvt. Ltd on 9th December 2005 and consequent to the conversion of our company into a Public Limited Company the name of our company has been modified to Birla Cotsyn (I) Ltd with effect from 30 May 2006.

Birla Cotsyn (India) Limited is having its units located at the following places.

• Sheagaon Road, Khamgaon, Dist. Buldhana, Maharashtra
• MIDC, Khamgaon, Dist. Buldhana, Maharashtra (acquired under business transfer agreement from Khamgaon Syntex (India) Ltd.
• Ghatanji, District Yavat mal, Maharashtra
• Parola Road, Dhule District, Maharashtra and
• MIDC Area, Malkapur, District Buldhana, Maharashtra, (under implementation)

Birla Cotsyn (India) Limited produces high quality Synthetic, blended Ring Spun Yarns for usage in Woven and Knitted Fabrics, Textiles, Blankets, Towels, Upholstery, Furnishings, Curtains, Bed sheets, Made-up and Industrial Fabrics. Company has excellent sales network in India and abroad for Grey and Dyed Solid Griddles, Fancy, Industrial Knitting and Sewing Ring Spun Yarns in various blends and count range from NE 8s to 60s.

Issue Objectives

• Expansion of integrated Textile Project (Khamgoan)
• To Set up a Garment Manufacturing Plant
• To Establish Retail Outlets

Birla Cotsyn (India) Limited IPO Information

• Public Issue Open: June 30, 2008 to July 04, 2008
• Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
• Public Issue Size: [ ] Equity Shares aggregating Rs 144.18 Crore
• Face Value: Rs. 10/-
• Public Issue Price: Rs 15/- to Rs 18/-
• Minimum Order Quantity: 350 Shares
• Maximum Subscription Amount for Retail Investor: Rs 100,000/-
• Listing: BSE, NSE

For our Analysis, visit http://www.vjondalalstreet.com/ipoopen.php
Birla Cotsyn (India) Limited Allotment Status http://www.vjondalalstreet.com/ipoallot.php
Birla Cotsyn (India) Limited Basis of Allotment http://www.vjondalalstreet.com/ipoboa.php



Source of the above-mentioned information is the Draft Prospectus http://www.vjondalalstreet.com/ipodp.php

Archidply Industries Limited - Allotment Status

Archidply Industries Limited Allotment Status is available now.

www.vjondalalstreet.com/ipoallot.php

Bafna Pharmaceuticals Limited - Listing on June 27

Bafna Pharmaceuticals Limited IPO is listing on Thursday, June 27, 2008

BSE Script Code: 532989
Listing in: ‘B' Group of Securities
ISIN: INE878I01014
Issue Price: Rs. 40/-
Face Value: Rs 10/- Per Equity Share

IPO was oversubscribed by 4.88 times

For our listing strategy visit the Grey Market Premium Page http://www.vjondalalstreet.com/ipogmp.php

Market could go down by another 5%

Tuesday - After market closing, RBI increments Repo Rate by 50bps in 2 stages

Wednesday - RBI action of tighten monetary policy could push indexes down by another 5% i.e Nifty 4000

Wednesday - Left allies meeting tomorrow could spike to PM's resignation or lead to this rumour. Another sensex/nifty set back

Thursday is Futures & Options Expiry - What should I say?

Friday is our Inflation day - I think it will increase and might touch 12% as well.

Have a nice week!
http://www.vjondalalstreet.com

Sejal Architectural Glass Limited - Allotment Status

Sejal Architectural Glass Limited Allotment Status is available now.

www.vjondalalstreet.com/ipoallot.php

Cash is King

Readers Hi,

The markets witnessed another bloodbath last week, with both the Nifty and the Sensex touching their lowest-ever levels in 2008.

Lowlights

・ Sensex 4.07% and Nifty 3.75% down

・ Inflation @ 11.05% Expecting it grow more before it stabilizes.

・ Sustained FII selling

・ Expect stringent monetary policies by RBI & Finance ministry to curb inflation

・ Crude is now hovering around $135. It can go both ways and we believe that it should touch highs before going down

・ Political uncertainty over Nuclear Power deal and allies blaming Congress for inflation

・ Mutual Funds NFO has dried up

Highlights

・ Normal monsoon expected � This would yield good product and should be able to curb inflation

・ Growth in personal and Corporate tax collection

We are expecting the market to be range-bound with a possibility of around 5-7% downside from here. We would suggest individual investors to start buying at regular dips with a long term view of atleast 6 � 9 months.

1) Share Recommendations Added

・ 2 Short Term Delivery Calls has been added. For our recommendations, please visit Delivery Calls of Market on the www.vjondalalstreet.com/marketshares.php

2) IPO

・ Somi Conveyor Beltings Limited

・ KSK Energy Ventures Limited

www.vjondalalstreet.com/ipoopen.php

3) IPO � Allotment Status

・ Bafna Pharmaceuticals Limited

www.vjondalalstreet.com/ipoallot.php

4) Mutual Funds

・ ING Latin America Equity

www.vjondalalstreet.com/mf.php

Happy Trading!

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Bus Naam hi kaafi hain…

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Disclaimer

All information provided is for informational purposes only, not intended for trading purposes or advice. Prior to execution of any trade, you are advised to consult your financial advisor to verify the accuracy of all information. We are not liable for any informational errors, incompleteness, delays, or for any actions based on information contained herein.

Bafna Pharmaceuticals Limited - Allotment Status

Bafna Pharmaceuticals Limited Allotment Status is available now.

www.vjondalalstreet.com/ipoallot.php

Indian Inflation @ 11.05% - a 13 year high

What is Inflation?

Simply, Inflation is an increase in the price of a basket of goods and services that is representative of the economy as a whole.

Inflation is defined as the change in the level of prices. This is the change in the price "shopping basket" of consumer goods for a country that the national statistics agency has sampled over time on a monthly/weekly basis.

Opposite of inflation is deflation, a downward movement in the average level of prices. The boundary between inflation and deflation is price stability. To measure inflation, a number of goods that are representative of the economy are put together into what is referred to as a "market basket." The cost of this basket is then compared over time. This results in a price index, which is the cost of the market basket today as a percentage of the cost of that identical basket in the starting year.

Inflation and Investing

The impact of inflation on your portfolio depends on the type of securities you hold. If you invest only in stocks, worrying about inflation should not keep you up at night. Over the long run, a company's revenue and earnings should increase at the same pace as inflation. The exception to this is stagflation. The combination of a bad economy with an increase in costs is bad for stocks.

The main problem with stocks and inflation is that a company's returns tend to be overstated. In times of high inflation, a company may look like it's prospering, when really inflation is the reason behind the growth. When analyzing financial statements, it's also important to remember that inflation can wreak havoc on earnings depending on what technique the company is using to value inventory.

Fixed-income investors are the hardest hit by inflation. Suppose that a year ago you invested Rs 10,000 in Fixed Deposit with a 10% yield. Now that you are about to collect the Rs11,000 owed to you, is your Rs1000 (10%) return real? Of course not! Assuming inflation was positive for the year; your purchasing power has fallen and, therefore, so has your real return. We have to take into account the chunk inflation has taken out of your return. If inflation was 4%, then your return is really 6%.

As an investor, you must look at your real rate of return.

You may have to modify your investment strategy in order to cope with inflation. Generally speaking commodities including gold are considered a good hedge against inflation as also are stocks. Investments that should be avoided are long-term fixed deposits whose inflation-adjusted value may be seriously eroded if inflation remains high.

Inflation and Interest Rates

Interest rates directly affect the credit market (loans) because higher interest rates make borrowing more costly. By changing interest rates, the RBI tries to achieve maximum employment, stable prices and a good level growth. As interest rates drop, consumer spending increases and this in turn stimulates economic growth.

Contrary to popular belief, excessive economic growth can in fact be very detrimental. At one extreme, an economy that is growing too fast can experience hyperinflation. At the other extreme, an economy with no inflation has essentially stagnated.

Why is inflation bad?

Inflation appears to be back, with recent reports showing it is higher than in recent 13 years. Recent turmoil in the stock market, some say, is over this inflation scare. But why should we fear higher inflation? I think one simple reason is higher inflation means that we have to get that much more out of our job to stay even. In other words, if the inflation rate is 11 percent a year that means you’ve got to get an 11 percent pay raise just to keep pace with rising costs.

From a business perspective, inflation eats into business profits. Budgets for CAPEX would swell multiple times to achieve the original plan. Inflation often leads to higher interest rates and thus industries operating cost would increase, leading to erosion of bottomline i.e. profits

Conclusion

• Inflation is a sustained increase in the general level of prices for goods and services
• When inflation goes up, there is a decline in the purchasing power of money
• Variations on inflation include deflation, hyperinflation and stagflation
• Lack of inflation (or deflation) is not necessarily a good thing
• Inflation plays a large role in the RBI’s decisions regarding interest rates
• In the long term, stocks are good protection against inflation
• Inflation is a serious problem for fixed income investors
• Inflation indexed securities offer protection against inflation but offer very low returns

_________________
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KSK Energy Ventures Limited - IPO

KSK Energy Ventures Limited are a power project development company in India, with an established track record of developing and operating power plants. They are well positioned with long-term fuel access to all their operational power plants and many of their power projects under development or planned.

Incorporated in 2001, their promoter company, KSK Energy Limited, is incorporated and registered in Mauritius, and is a wholly-owned subsidiary of KSK Power Ventur plc, an Isle of Man incorporated entity listed on the London Stock Exchange’s Alternative Investment Market.

They have operational power plants capable of generating 144 MW of power, and are currently constructing, developing or planning power projects capable of generating an aggregate of 8,993 MW of power, which they sell or intend to sell under a combination of long-term, medium-term and short-term power purchase agreements (“PPAs”) to industrial and state-owned consumers.

Operational Power Plants

1. Arasmeta, a 43 MW coal based power plant in Chhattisgarh;


2. Sai Regency, a 58 MW natural gas based power plant in Tamil Nadu; and


3. Sitapuram, a 43 MW coal based power plant in Andhra Pradesh.
   

Power Projects under Construction

1. VS Lignite, a 135 MW lignite based power project in Rajasthan which is scheduled to be commissioned in October 2008; and


2. Wardha, a 540 MW coal based power project in Maharashtra which is scheduled to be commissioned in December 2009.
   

Power Projects under Development for which we have either Secured Debt Financing or Entered into Term Sheets and are Negotiating Debt Financing Agreements

1. Arasmeta Expansion, a 43 MW expansion of the existing Arasmeta power plant, which we currently estimate is expected to be commissioned in first quarter of Fiscal 2011;


2. Wardha Chhattisgarh, a 1,800 MW coal based power project in Chhattisgarh, which we currently estimate is expected to be commissioned in second quarter of Fiscal 2012; and


3. KSK Dibbin, a 130 MW, a run-of-the-river hydro-electric power project in Arunachal Pradesh, which we currently estimate is expected to be commissioned in Fourth Quarter of Fiscal 2011.
   

Planned Power Projects

1. KSK Narmada, a 1,800 MW coal based power project in Chhattisgarh, which we currently estimate is expected to be commissioned in the second quarter of the fiscal year 2013;


2. JR Power, a 1,800 MW coal based power project in Orissa, which we currently estimate is expected to be commissioned in the fourth quarter of the fiscal year 2012;


3. Wardha Naini, a 1,800 MW coal based power project in Orissa, which we currently estimate is expected to be commissioned in the first quarter of the fiscal year 2013;


4. Kameng Dam, a 600 MW run-of-the-river hydro-electric power project in Arunachal Pradesh, which we currently estimate is expected to be commissioned in the fourth quarter of the fiscal year 2012; and


5. Kameng Basin projects, a group of seven run-of-the-river hydro-electric power stations aggregating 345 MW in Arunachal Pradesh, which we currently estimate is expected to be commissioned in the second quarter of the fiscal year 2013.

OBJECTS OF THE ISSUE
They intend to utilize the Issues Net Proceed for the following objects:
I. Investment in Wardha Power Company Private Limited, a Subsidiary, to finance the equity component of the 1,800 MW coal-based thermal power plant at Wardha Chhattisgarh (the “Wardha Chhattisgarh”);

II. Investment in KSK Dibbin Hydro Power Private Limited, a Subsidiary, to finance the equity component of the 130 MW run-of-the-river hydro power plant at Dibbin, Arunachal Pradesh (the “Dibbin Project”);

III. Repayment of corporate loans; and

IV. General corporate purposes.

KSK Energy Ventures Limited IPO Information

• Public Issue Open: June 23, 2008 to June 25, 2008


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


• Public Issue Size: 3,46,11,000 Equity Shares of Rs. 10/-


• Face Value: Rs. 10/-


• Public Issue Price: Rs 240/- to Rs 255/-


• Minimum Order Quantity: 25 Shares


• Maximum Subscription Amount for Retail Investor: Rs 100,000/-


• Listing: BSE, NSE

For our Analysis, visit http://www.vjondalalstreet.com/ipoopen.php

KSK Energy Ventures Limited Allotment Status http://www.vjondalalstreet.com/ipoallot.php

KSK Energy Ventures Limited Basis of Allotment http://www.vjondalalstreet.com/ipoboa.php

Source of the above-mentioned information is the Draft Prospectus http://www.vjondalalstreet.com/ipodp.php

Niraj Cement Structurals Limited - Listing on 19th June

Niraj Cement Structurals Limited IPO is listing on Thursday, June 19, 2008
BSE Script Code: 532986
Listing in: ‘B' Group of Securities
ISIN: INE368I01016
Issue Price: Rs. 190/-
Face Value: Rs 10/- Per Equity Share

IPO was oversubscribed by 1.74 times (3.8053 times in retail)

For our listing strategy visit the Grey Market Premium Page http://www.vjondalalstreet.com/ipogmp.php

Lotus Eye Care Hospital - IPO Revised Price & Date

Lotus Eye Care Hospital Limited has postponed his closing date as 20th June instead of 17th June earlier.

Also it has reduced it price from 38- 42 to 36 - 48

For our Analysis, http://www.vjondalalstreet.com/ipoopen.php

Draft Prospectus: http://www.vjondalalstreet.com/ipodp.php

Lotus Eye Care Hospital Limited http://www.vjondalalstreet.com/ipoallot.php

Lotus Eye Care Hospital Limited http://www.vjondalalstreet.com/ipoboa.php

Market going through troubled times

Readers Hi,

The markets witnessed a bloodbath last week, with both the Nifty and the Sensex touching their lowest-ever levels in 2008.

Lowlights

・ Last week FII sold 3172 crores

・ Sensex 2.46% and Nifty 2.39% down

・ Inflation @ 8.75% is before the increase in the petrol/diesel/lpg price hike. Next week inflation numbers should be above 10%

・ RBI increases repo rate will lead to increase in interest rate

・ Crude is now hovering around $135. It can go both ways and we believe that it should touch highs before going down

We are expecting the market to be rangebound with a possibility of around 5-10% downside from here. We would suggest individual investors to start buying at intervals over the next 4 weeks with a long term view of atleast 6 � 9 months.

1) Share Recommendations Added

・ 2 Short & 2 Long Term Delivery Calls has been added. For our recommendations, please visit Delivery Calls of Market on the www.vjondalalstreet.com/marketshares.php

2) IPO

・ First Winner Industries Limited

・ Archidply Industries Limited

・ Lotus Eye Care Hospital Limited

・ Somi Conveyor Beltings Limited

www.vjondalalstreet.com/ipoopen.php

3) IPO � Allotment Status

・ Niraj Cements Structurals Limited

www.vjondalalstreet.com/ipoallot.php

4) IPO � Basis of Allotment

・ Niraj Cements Structurals Limited

www.vjondalalstreet.com/ipoboa.php

5) Mutual Funds

・ Lotus India Banking Fund

www.vjondalalstreet.com/mf.php

Happy Trading!

http://www.vjondalalstreet.com
Bus Naam hi kaafi hain…

To subscribe [email protected]

You can also join the group with your mobile phone and get updates through sms. To subscribe SMS

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Disclaimer

All information provided is for informational purposes only, not intended for trading purposes or advice. Prior to execution of any trade, you are advised to consult your financial advisor to verify the accuracy of all information. We are not liable for any informational errors, incompleteness, delays, or for any actions based on information contained herein.

New Delivery Calls - 2 Short & 2 Long Term

4 New companies have been added in the Delivery Calls for Short(2) & Long(2) term target.

For more details visit www.vjondalalstreet.com/marketshares.php

Somi Conveyor Beltings Limited - IPO

Somi Conveyor Beltings Limited (SCBL) is a closely held public limited company. SCBL is in the business of manufacturing of Rubber Conveyor Belts of various sizes used for different applications.

SCBL was incorporated on 16th June, 2000 and commenced commercial production in February 2002 with an initial capacity of 36,000 MPA of conveyor belts. The production capacity was gradually increased to 72,000 MPA in 2003. SCBL initiated capacity expansion in the year 2004 and at present our operating capacity is 1,67,660 MPA. Depending upon the width of rubber conveyor belts to be manufactured, its capacity utilization can be stretched up to 2,00,000 MPA. Considering the potential for growth, SCBL intend to raise our production capacity from 2,00,000 MPA to 4,00,000 MPA and also enlarge the belt width from the current 1200 mm to 2000 mm.

SCBL sells its products under the brand name “SOMIFLEX”. The Company has installed state-of-the-art plant and machinery and other equipment to make efficient use of available resources as well as to maintain high quality standards.

Objectives of the Issue
SCBL intends to use the net proceeds of the issue, for the following purposes:

• Setting up of new manufacturing unit
• Purchase of Land and Building for the office premises
• Meeting margin money required for the enhanced working capital
• Meeting the Expenses of the Issue

Somi Conveyor Beltings Limited IPO Information

• Public Issue Open: June 24, 2008 to June 27, 2008
• Public Issue Type: Fixed price
• Public Issue Size: 62,27,860 Equity Shares of Rs. 10/-
• Face Value: Rs. 10/-
• Public Issue Price: Rs 35/-
• Market Lot: 20 Shares
• Minimum Order Quantity: 20 Shares
• Maximum Subscription Amount for Retail Investor: Rs 100,000/-
• Listing: BSE

For our Analysis, visit http://www.vjondalalstreet.com/ipoopen.php
Somi Conveyor Beltings Limited Allotment Status http://www.vjondalalstreet.com/ipoallot.php
Somi Conveyor Beltings Limited Basis of Allotment http://www.vjondalalstreet.com/ipoboa.php

Source of the above-mentioned information is the Draft Prospectus http://www.vjondalalstreet.com/ipodp.php

Niraj Cement Structurals Limited - Basis of Allotment

Niraj Cement Structurals Limited Basis of Allotment is available now.

http://www.vjondalalstreet.com/ipoboa.php

Niraj Cement Structurals Limited - Allotment Status

Niraj Cement Structurals Limited Allotment Status is available now.

www.vjondalalstreet.com/ipoallot.php

Support and Resistance

Support and Resistance

What is support?
Support is the price level at which demand is thought to be strong enough to prevent the price from declining further. The logic dictates that as the price declines towards support and gets cheaper, buyers become more inclined to buy and sellers become less inclined to sell. By the time the price reaches the support level, it is believed that demand will overcome supply and prevent the price from falling below support.

Support does not always hold and a break below support signals that the bears have won out over the bulls. A decline below support indicates a new willingness to sell and/or a lack of incentive to buy. Support breaks and new lows signal that sellers have reduced their expectations and are willing sell at even lower prices. In addition, buyers could not be coerced into buying until prices declined below support or below the previous low. Once support is broken, another support level will have to be established at a lower level.

What is resistance?
Resistance is the price level at which selling is thought to be strong enough to prevent the price from rising further. The logic dictates that as the price advances towards resistance, sellers become more inclined to sell and buyers become less inclined to buy. By the time the price reaches the resistance level, it is believed that supply will overcome demand and prevent the price from rising above resistance.

Resistance does not always hold and a break above resistance signals that the bulls have won out over the bears. A break above resistance shows a new willingness to buy and/or a lack of incentive to sell. Resistance breaks and new highs indicate buyers have increased their expectations and are willing to buy at even higher prices. In addition, sellers could not be coerced into selling until prices rose above resistance or above the previous high. Once resistance is broken, another resistance level will have to be established at a higher level.

Support becomes resistance (and vice versa)
Another principle of technical analysis stipulates that support can turn into resistance and visa versa. Once the price breaks below a support level, the broken support level can turn into resistance. The break of support signals that the forces of supply have overcome the forces of demand. Therefore, if the price returns to this level, there is likely to be an increase in supply, and hence resistance.

The other turn of the coin is resistance turning into support. As the price advances above resistance, it signals changes in supply and demand. The breakout above resistance proves that the forces of demand have overwhelmed the forces of supply. If the price returns to this level, there is likely to be an increase in demand and support will be found.

Conclusion

Identification of key support and resistance levels is an essential ingredient to successful technical analysis. Even though it is sometimes difficult to establish exact support and resistance levels, being aware of their existence and location can greatly enhance analysis and forecasting abilities. If a security is approaching an important support level, it can serve as an alert to be extra vigilant in looking for signs of increased buying pressure and a potential reversal. If a security is approaching a resistance level, it can act as an alert to look for signs of increased selling pressure and potential reversal. If a support or resistance level is broken, it signals that the relationship between supply and demand has changed. A resistance breakout signals that demand (bulls) has gained the upper hand and a support break signals that supply (bears) has won the battle.

_________________

Happy Trading!

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First Winner Industries - IPO Revised Prices

First Winner Industries has postponed his closing date as 17th June instead of 12 June earlier.

Also it has reduced it price from 120 - 130 to 115 - 125

Prospectus http://www.vjondalalstreet.com/ipodp.php

For our Analysis, http://www.vjondalalstreet.com/ipoopen.php

Draft Prospectus: http://www.vjondalalstreet.com/ipodp.php

First Winner Industries Limited http://www.vjondalalstreet.com/ipoallot.php

First Winner Industries Limited http://www.vjondalalstreet.com/ipoboa.php

Time Frames

Time Frames

Principles of technical analysis remain same irrespective of time frames.

This means that the all indicators can be applied uniformly across all time frames - intraday, daily, weekly, monthly, quarterly etc.

Having said this, a word of caution is in order. One should always identify the broader trend (pricewise/timewise) and use that to decide action for the shorter trend.

For eg., if the daily or weekly trend is bullish, one should lean more towards long positions in daytrading than towards the short side.

Similarly if the broader trend is down, one should look to build short positions on any significant rise.

A word of advice: A smaller time frame is more prone to manipulation as compared to a broader time frame. For eg., daily/ intraday trends can be misleading but it is almost impossible to manipulate the broader trend (say a 6 month bull run).

Lastly, shorter time frames (eg. intraday, daily) tend to be extremely volatile and choppy. Most technical indicators, with the exception of support / resistance levels and trend lines, will give confusing results.
_________________
Happy Trading!
www.vjondalalstreet.com

Lotus Eye Care Hospital - IPO

Lotus Eye Care Hospital is the state of art eye care hospital group successfully functioning in South India with specialization in super-specialty service related to eye care. They have network of four eye care hospitals based at Coimbatore (2), Salem (1), Tirupur (1). These hospitals have hi-tech eye care equipments and ophthalmic experts backed by well-trained paramedical and administrative team.

All the centers have fully computerized modern setup manned by medical and administrative staff. Their network of eye care hospitals have 9 operation theatres and 3 lasik laser equipments. Most of the eye operations are performed as a day care procedure and therefore the numbers of beds maintained by us are optimum number required. Total bed strength of all the centers is 120 beds excluding eye camp beds. Lotus has two centers in Coimbatore, one in down town and another in civil aerodrome inaugurated in the year 2002. The Salem center is located in the heart of the city and it was started in the year 2004. The Tirupur center started in 2007 is also functioning in prime location in the city.

In the year 1998 Lotus introduced Multi Scan Lasik and in the year 2002 Wave front based Esiris Custom Lasik for the first time in India. Lotus was the first Eye hospital in South East Asia to have Epilasik in July 2004. In the year June 2005 Lotus introduced the most advanced technology of Zyoptix and combined two superior technologies Epilasik and Zyoptix known as Zyoptix Integrated Epilasik to achieve supervision. During the calendar year 2007, we performed over 4200 nos of various surgeries as cataract, Lasik/Epilasik, corneal, vitreo-retinal, squint, oculoplastic and orbital.

Sources of income are from outpatient, daycare and inpatient hospital services and retail sales in the pharmacy and opticals. During the financial year 2006-2007, we reported a net profit of Rs.128.67 lacs on total income of Rs.729.90 lacs. During the six months period ended on 30/09/2007 we reported a profit of Rs.99.08 lacs on total income of Rs.505.10 lacs.

Main hospital is built on 1.2 acres of land in prime location at Peelamedu (Coimbatore) in the state of Tamilnadu. This facility is beneficial to the patients of Western and Northern districts in Tamilnadu, Kerala and Karnataka state.

Issue Objectives
The main objective of raising funds through this Issue is as follows:
1. To finance expansion of our existing facilities;
2. To finance establishing new centers with latest technology;
3. To meet working capital requirement;
4. To meet the expenses of the issue; and
5. To enable listing of the equity shares of the company on the stock exchanges.

Lotus Eye Care Hospital Ltd IPO Information
»» Public Issue Open: June 12, 2008 to June 17, 2008

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

»» Public Issue Size: [ ] Equity Share Aggregating Rs 42.00 Crore

»» Face Value: Rs. 10/-

»» Public Issue Price: Rs 38/- to Rs 42/-

»» Minimum Order Quantity: 75 Shares

»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-

»» Listing: BSE, NSE

For our Analysis, http://www.vjondalalstreet.com/ipoopen.php

Lotus Eye Care Hospital Allotment Status http://www.vjondalalstreet.com/ipoallot.php

Lotus Eye Care Hospital Basis of Allotment http://www.vjondalalstreet.com/ipoboa.php

Source of the above-mentioned information is the Draft Prospectus http://www.vjondalalstreet.com/ipodp.php

Archidply Industries Limited - IPO

Archidply Industries Limited is the flagship company of the Archidply group. They are a part of the Archidply Group which has been associated with plywood manufacturing for more than 30 years under the brand ‘Archidply’. The Group has grown from a small saw mill in Assam to a modern state-of-the-art manufacturer of wood panel products and decorative surfacing products in three locations, Rudrapur, Mysore and Assam, with a network of branches, distributors and dealers across India.

Archidply Industries Limited offers comprehensive engineered interior products which include
1. Plywoods - Marine Plywood, Fire Retardant Plywood, Shuttering Plywood, Densified Film Faced Plywood, BWR & MR Plywood, Lamyply and Lamyboard
2. Block Board and Flush Doors - BWR & MR grade
3. Particle Boards - plain, veneered and pre laminated particle board both in interior and exterior grade
4. Decorative Laminates - range from 0.8mm to 1.5mm and post form laminates
5. Decorative Veneers - Teak, natural exotic veneers, reconstituted veneers and dyed veneers.

Archidply products are manufactured in integrated multi-product modern facilities strategically located in two different geographical zones namely Mysore, Karnataka in south of India and Rudrapur, Uttarakhand in the northern part of India.

Archidply manufacturing facilities are equipped with machineries from the world renowned manufacturers of equipment for this industry such as Dieffenbacher and Wemhoner from Germany, Steinemann, and Kundig from Switzerland.

The brand “Archidply”, has positioned itself in the premium segment of the wood panel and decorative surfacing products and is well known amongst architects, interior designers and contractors for more than three decades, making it one of the oldest active brands in its product category. The traders across India, including dealers and distributors, have over a period of years recognized the Archidply Group for its quality and fair policies.

Archidply products comply with quality standards of BIS and International standards of BS of UK, NEMA of USA and DIN of Germany. We have been awarded ISO 9001: 2000 for quality management systems in manufacturing and marketing of wood and agro based panel products.

Company has set up a large distribution network and operates through 16 marketing offices and 61 distributors and stockists. As on September 30, 2007, they have a network of 586 authorized dealers who in turn supply to more than 2,000 sub dealers / retailers, giving a pan India presence for marketing of our products. This ensures the availability of our products off-the-shelf in any corner of India. Archidply has the manpower strength of 531 of which 137 are deployed for marketing as on September 30, 2007.

Operational Income and Profit after Tax (PAT) as per the restated financial statements for the Financial Year ending March 31, 2007 is Rs.9,842.37 lakhs and Rs.524.85 lakhs respectively. Our Operational Income and Profit after Tax (PAT) as per the restated financial statements for the half year ended September 30, 2007 is Rs.6,580.81 lakhs and Rs.680.85 lakhs respectively. For the half year ended September 30, 2007, our Operational Income and PAT have grown at 34% and 159% respectively on annualized basis.

Issue Objectives
The main objective of raising funds through this Issue is as follows:
1. Setting up a new manufacturing facility of Plain Particle Board (PPB), Pre Laminated Board (PLB) and decorative
plywood at Chintamani in Karnataka
2. Setting up a new manufacturing capacity for medium density fibreboard (MDF) at Rudrapur in Uttarakhand
3. Margin Money for Working Capital

Archidply Industries Limited IPO Information

»» Public Issue Open: June 11, 2008 to June 17, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 66,15,720 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 70/- to Rs 80/-
»» Minimum Order Quantity: 75 Shares
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE

For our Analysis, http://www.vjondalalstreet.com/ipoopen.php
Archidply Industries Limited Allotment Status http://www.vjondalalstreet.com/ipoallot.php
Archidply Industries Limited Basis of Allotment http://www.vjondalalstreet.com/ipoboa.php

Source of the above-mentioned information is the Draft Prospectus http://www.vjondalalstreet.com/ipodp.php

Another Dooms day/week in the making

Readers Hi,

Another Dooms day/week in the making. Expect Monday and the upcoming week a disaster in the Indian Stock Market.

Lowlights

· Last week FII sold 3500 crores

· Sensex and Nifty down 5%

· Hike in the Petrol/Diesel/LPG price

· Crude Oil kissed $140 and is expected to touch $150 by 4^th July

· Inflation above 8%

Rise in fuel price will lead inflation to touch around 10 - 12% soon. Technical's suggest further downside in the Nifty and Sensex. Government to impose tight monetary policy and we will have to learn to live with higher inflation price - both of which will adversely impact the economic growth.

All in all, it could be a tough time for equities in the immediate future.

1) IPO

· Avon Weighing Systems Limited

· Sejal Architectural Glass Limited

· First Winner Industries Limited

· Archidply Industries Limited

· Lotus Eye Care Hospital Limited

www.vjondalalstreet.com/ipoopen.php

2) IPO - Grey Market Premiums

· Avon Weighing Systems Limited

· Bafna Pharmaceuticals

· Niraj Cements

· Avon Weighing Systems Limited

· Sejal Architectural Glass Limited

· First Winner Industries Limited

· Archidply Industries Limited

· Lotus Eye Care Hospital Limited

www.vjondalalstreet.com/ipogmp.php

3) Mutual Funds

· Lotus India Banking Fund

www.vjondalalstreet.com/mf.php

Happy Trading!

http://www.vjondalalstreet.com
Bus Naam hi kaafi hain…

To subscribe [email protected]

You can also join the group with your mobile phone and get updates through sms. To subscribe SMS

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Disclaimer

All information provided is for informational purposes only, not intended for trading purposes or advice. Prior to execution of any trade, you are advised to consult your financial advisor to verify the accuracy of all information. We are not liable for any informational errors, incompleteness, delays, or for any actions based on information contained herein.

MF, IPO & Shares info - 47/2008

Readers Hi,

We hate to say - I told you so and it did happen. I mean the downtrend was quite evident due to the various factors like Inflation, Crude Oil price, Weak Global economy, Congress now being a weaker govt, Left calling strikes and doing agitations against the price hike etc.

So what happens now. With the steep hike in the petrol/diesel prices, expect inflation numbers to kiss 10% soon, Commodity prices to touch new highs and Freight Rates would increase soon. This would cause more pressure on the economy and the already poor sentiments.

With the selection of Barak Obama as their Democratic presidential candidate, there would be some clarity in the US market. That might rejoice by a minor bounce-back. Crude oil getting down around $120 would also ease pressure and the sentiments.

Definitely avoid Auto and Auto Ancillary sector for now.

Nifty and Sensex has crashed around 5% in the last 3 days. There could be another 5% downside from here i.e. 4350 in the coming days is possible. Thereafter the market should improve slowly and steadily provided the Government does not topple down.

It could be a good opportunity to start buying/averaging quality large caps that have corrected drastically. Avoid speculating in small and mid-caps for now.

1) IPO
· Avon Weighing Systems Limited
· Sejal Architectural Glass Limited
· First Winner Industries Limited
www.vjondalalstreet.com/ipoopen.php

2) IPO - Basis of Allotment
· Anu's Laboratories Limited
· Gokul Refoils and Solvent Limited
· Aishwarya Telecom Limited
www.vjondalalstreet.com/ipoboa.php

3) Mutual Funds
· Lotus India Banking Fund
www.vjondalalstreet.com/mf.php

Happy Trading!
http://www.vjondalalstreet.comBus Naam hi kaafi hain¡­

To subscribe [email protected]

You can also join the group with your mobile phone and get updates through sms. To subscribe SMS
JOIN VJonDalalStreet to 567673434

Disclaimer
All information provided is for informational purposes only, not intended for trading purposes or advice. Prior to execution of any trade, you are advised to consult your financial advisor to verify the accuracy of all information. We are not liable for any informational errors, incompleteness, delays, or for any actions based on information contained herein.

Anu's Laboratories Limited - Listing Strategy

Anu's Laboratories Limited IPO is listing on Wednesday, June 4, 2008
BSE Script Code: 532981
Listing in: ‘B' Group of Securities
ISIN: INE450H01014
Issue Price: Rs. 210/-
Face Value: Rs 10/- Per Equity Share
IPO was oversubscribed by 8.43 times (9.6417 times in retail)

For listing strategy visit the Grey Market Premium Page
http://www.vjondalalstreet.com/ipogmp.php

Gokul Refoils and Solvent Limited - Listing Strategy

Gokul Refoils and Solvent Limited IPO is listing on Wednesday, June 4, 2008
BSE Script Code: 532980
NSE Symbol: GOKUL
Listing in: ‘B' Group of Securities
ISIN: INE020J01011
Issue Price: Rs. 195/-
Face Value: Rs 10/- Per Equity Share

IPO was oversubscribed by 4.27 times (5.5931 times in retail).

For listing strategy visit the Grey Market Premium Page

http://www.vjondalalstreet.com/ipogmp.php

Anu's Lab & Gokul Refoils and Solvent - Listing Today

Two IPOs are listing today

• Gokul Refoils and Solvent Limited
• Anu's Laboratories Limited

For our listing strategy, please visit www.vjondalalstreet.com/ipogmp.php

Cheers

http://www.vjondalalstreet.com/

First Winner Industries Limited - IPO

Firstwinner Trading Private Limited was incorporated on January 22, 2003. The name of the Company has been changed to First Winner Industries Private Limited, and further to First Winner Industries Limited. They started the operations with the objective to supply the textile fabrics to wholesalers and apparel & garment manufacturers. Initially, they started trading in the textile fabrics and now with a view to have their own manufacturing facilities, they have set up thier own weaving unit during 2006-07 by installing 100 looms. The manufacturing facilities are located at MIDC, Tarapur, District Thane, Maharashtra. The unit has total installed capacity to manufacture 108 lakh meter grey fabrics per annum and commenced commercial production w.e.f. March 19, 2007. They are executing job works for fabric and garment manufacturers. The income from job work constituted 0.07% and 6.01% of total income during 2006-07 and for the first quarter ended June 30, 2007.

They have two subsidiaries viz. Ramshyam Textile Industries Limited and Realgold Exports Private Limited which are engaged in the same business. Ramshyam Textile Industries Limited commenced its operations of weaving from February 1, 2006 and became their subsidiary on April 1, 2007. Ramshyam Textile Industries Limited is having 48 looms with total installed capacity of 42.24 lakh meter fabrics per annum. Realgold Exports Private Limited, which was incorporated on December 12, 2002 also became our subsidiary on April 1, 2007 and is having weaving unit with 48 looms and total installed capacity of 62 lakh meters per annum. This unit expected to commence its commercial production by November, 2007. Both the subsidiaries are having manufacturing facilities at MIDC Tarapur, District Thane, Maharashtra.

Issue Objectives
The proceeds from the proposed Issue of Equity Shares are intended to be deployed for:
1. Setting up of an apparel manufacturing facility
2. Setting up of new weaving unit
3. Prepayment of Term Loan
4. General Corporate Purposes
5. Issue Expenses

First Winner Industries Limited IPO Information

»» Public Issue Open: June 09, 2008 to June 12, 2008

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

»» Public Issue Size: 54,00,000 Equity Shares of Rs. 10/-

»» Face Value: Rs. 10/-

»» Public Issue Price: Rs 120/- to Rs 130/-

»» Minimum Order Quantity: 20 Shares

»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-

»» Listing: BSE, NSE

Source of the above-mentioned information is the Draft Prospectus http://www.vjondalalstreet.com/ipodp.php

For our Analysis, http://www.vjondalalstreet.com/ipoopen.php

Draft Prospectus: http://www.vjondalalstreet.com/ipodp.php

First Winner Industries Limited http://www.vjondalalstreet.com/ipoallot.php

First Winner Industries Limited http://www.vjondalalstreet.com/ipoboa.php

Sejal Architectural Glass Limited - IPO

Sejal Architectural Glass Limited (SAGL), was incorporated as private limited in the year 1998 and its constitution was changed to a public limited company in March 08, 1999. Promoted by the members of the Gada family, our company is in the business of processing glass. They have processing facilities for Insulating, Toughened, laminated glasses and for Decorative Glass as well. SAGL's existing plant is located at Plot No 259/10/1, Village Dadra, Union Territory of Dadra, Nagar Haveli, Dist. Silvassa.

SAGL started its commercial operations in the year 2000-01 by setting up a processing facility for insulating glass . As a step forward, they have started another process for toughened glass in the year 2001. Since then, the company has expanded its operations by adding an automated lamination line in January 2007. They have broadened the scope of business activities by processing various value added glass for exterior and interior applications, including decorative glass.

SAGL has already acquired specific skills and knowledge on the processing and marketing of the glass and now as a step towards backward integration, they propose to set up a new manufacturing facility for float glass with a capacity of 2,00,750 MT per annum at Jhagadia, Dist. Bharuch, Gujarat. We have already acquired 6,08,540 sq. mts of land for this backward integration project and L&T has been awarded as the contractor for executing the construction and civil works.

The turnover of our company in the year 2000-01 was Rs. 408.25 Lacs with the PAT of Rs. 48.24 Lacs. During the year 2006-2007 our turnover has increased to Rs. 3824.04 Lacs and PAT has increased to Rs.277.46 Lacs. Their key clients consists of Reliance, K. Raheja, SP Fabricators, L&T, to name a few. Our glass has been used in structures such as Inorbit Mall, Sun Pharma, Mumbai and Baroda, K. Raheja IT Park, Hyderabad, Bangalore International Airport, Mumbai Airport, Domestic terminal.


SAGL also operates its trading division from its premises named ‘Sejal Encasa’, which is located at Kandivali, Mumbai. This division trades in various in-house brands as well as other manufacturers products. The products traded include tiles, sanitaryware, mirrors, glass, etc. for home and commercial interiors.

Issue Objectives
The objects of the Issue are to raise capital for financing the funds required for:
1) Setting up of new manufacturing facility for the production of float glass.
2) General Corporate Purposes
3) Meeting the Public Issue Expenses

Sejal Architectural Glass Limited IPO Information
»» Public Issue Open: June 09, 2008 to June 12, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 97,03,580 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 105/- to Rs 115/-
»» Market Lot: 20 Shares
»» Minimum Order Quantity: 20 Shares
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE

Source of the above-mentioned information is the Draft Prospectus http://www.vjondalalstreet.com/ipodp.php

For our Analysis, http://www.vjondalalstreet.com/ipoopen.php
Draft Prospectus: http://www.vjondalalstreet.com/ipodp.php
Sejal Architectural Glass Limited http://www.vjondalalstreet.com/ipoallot.php
Sejal Architectural Glass Limited http://www.vjondalalstreet.com/ipoboa.php

Anu's Laboratories Limited - Basis of Allotment

Anu's Laboratories Limited Basis of Allotment is available now.

http://www.vjondalalstreet.com/ipoboa.php

Gokul Refoils and Solvent Limited - Basis of Allotment

Gokul Refoils and Solvent Limited Basis of Allotment is available now.

http://www.vjondalalstreet.com/ipoboa.php

Aishwarya Telecom Limited - Basis of Allotment

Aishwarya Telecom Limited Basis of Allotment is available now.

http://www.vjondalalstreet.com/ipoboa.php

Blue Dart Express - Target Achieved

Blue Dart Express

Recommendation Price - 616.55
Target Price - 739
Recommendation Date - 28-Feb-2008
Recommendation Type - Long Term

Today's High Price - 683.90
Target Achieved in 95 days
Target Achieved Date - 2-Jun-2008
Annual Gain - 10.92%
Actual Gain - 42.07%

Keeping in mind the uncertainity in the market, we have done profit booking. www.vjondalalstreet.com/marketma.php

Moving Averages

Moving Averages

Moving averages provide an excellent way to identify trends or confirm reversals.

Moving averages are not "predictive" but are "lagging" indicators as a time delay is always present.

Moving averages are an extremely simple and convenient way to trade. They are excellent in strongly trending markets but are practically useless in sideways markets as they tend to generate too many whipsaws.

The moving average removes emotions from the stock. One should remain long as long as the stock remains above the MA. When the stock cuts the MA from above, exit position.

The chart below has 20 DMA (grey), 50 DMA (red) and 200 DMA (blue).

Sometimes, the moving average will give a "whipsaw" or false buy / sell signals. This means the stock is rangebound and the direction wil be clear only a break out of the trading range.

As one can see from the chart, the 20 DMA has generated the highest whipsaws while the 200 DMA has only given a hold (in relation the timeframe).

_________________

Happy Trading!

www.vjondalalstreet.com

MF, IPO & Shares info - 46/2008

Readers Hi,

GDP for 2007-08 was at 9% and Inflation at 8.1%. It was expected that the inflation numbers would be above 8% and would hover around 7-8% in the coming weeks. However, GDP numbers at 9% were a pleasant surprise and hence the market did not crack.

After Congress loosing the Bangalore elections, Inflation numbers out of bound and crude oil surging like never before, the last week could have been worse. Having said that, we still believe that bears will take over bulls and we might see some more downside in the nearby future.

Be very cautious in taking long positions over small or mid cap companies. Unless there is a strong news and results behind, do not take long positions of large caps as well. We believe there will be better opportunities after the government does the hike prices in petrol/diesel.

There are rumors that the government might put one time charges/taxes on Reliance Industries, Cairn India, etc like private oil exploration companies to combat the high crude oil losses for the refining companies.

Indian Rupee Vs US $ might move around 42-43 in the short term.

Overall the sentiments are low.

1) Share Targets Achieved

Investment Type	Company Name	Date Added	Target Achieved	No of days	Reco Price	Target Price	Peak Price	% Gain	Annualized % Gain
LT	HCL Technologies	20-Aug-07	30-May-08	284	300.80	361	324.30	7.81	10.07
LT	Divis Laboratories	12-Mar-08	30-May-08	79	1335.85	1600	1495.10	11.92	55.22
LT	Dr Reddys Lab	18-May-07	30-May-08	378	666.30	800	720.00	8.06	7.80

Keeping in mind the uncertainty in the market, we have done profit booking.

www.vjondalalstreet.com/marketma.php

We have started covering Results & Dividends declared in our blog. We have also started a Beginner's Guide for Newbie's benefit. http://blog.vjondalalstreet.com

2) IPO

· Avon Weighing Systems Limited

www.vjondalalstreet.com/ipoopen.php

3) IPO - Grey Market Premiums

· Avon Weighing Systems Limited

· Bafna Pharmaceuticals

· Niraj Cements

· Anu's Laboratories Limited

· Gokul Refoils and Solvent Ltd

www.vjondalalstreet.com/ipogmp.php

4) Mutual Funds

· Lotus India Banking Fund

www.vjondalalstreet.com/mf.php

Happy Trading!

http://www.vjondalalstreet.com
Bus Naam hi kaafi hain…

To subscribe [email protected]

You can also join the group with your mobile phone and get updates through sms. To subscribe SMS

JOIN VJonDalalStreet to 567673434

Disclaimer

All information provided is for informational purposes only, not intended for trading purposes or advice. Prior to execution of any trade, you are advised to consult your financial advisor to verify the accuracy of all information. We are not liable for any informational errors, incompleteness, delays, or for any actions based on information contained herein.