BUY to ITC for target Rs 242

ITC for a target price of Rs 242, an upside of 14 per cent to the market price of Rs 213 considered by the brokerage.

ITC reported sales of Rs 3,460 crore in October-December quarter of 2007 as against the brokerage's estimate of Rs 3,580 crore. Profit after tax was Rs 830 crore against the estimated Rs 797 crore. Other income increased from Rs 69.8 crore to Rs 137.4 crore, led by higher yield on treasury investments in debt instruments.

CRISIL assigns highest IPO grade to Acme Tele Power Ltd

Proposed public issue of 17,283,580 equity shares of face value Rs 2 targeted at an issue price in the range of Rs 800 to Rs 950 per share

For the year ended March 31, 2007, ATPL reported a net profit of Rs.2.30 billion on a turnover of Rs.6.43 billion, as compared with a net profit of Rs.1.16 billion and revenues of Rs.3.85 billion in the previous year.

CRISIL has assigned a CRISIL IPO Grade "5/5" (pronounced "five on five") to the proposed initial public offer of Acme Tele Power Ltd. (ATPL). This grade indicates that the fundamentals of the issue are strong relative to other listed equity securities in India.

ATPL, incorporated in January 2003, was promoted by Mr. Manoj Upadhyay. The proposed IPO is in the form of an offer for sale of 17.3 million shares by the promoters. Subsequent to the IPO, the promoters' stake in the company will reduce to 84.6 per cent from 94.7 per cent.

At the core of ATPL's offering to customers is a packaged solution, 'Green Shelter', consisting of: - A fibreglass reinforced plastic or a nano-cooled enclosure that houses the BTS and other electronic equipment at cell sites- A power management system called the power interface unit- A thermal management system with phase change material, and- Two air conditioners.The utility of each of these products is distinct, and therefore the company also sells them individually.

SBI Rights Issue Record Date fixed

Offer Price : 1590.00 (35 % Discount)
Right Ratio: 1 Share for 5 Held ( 1 : 5)

SBI has fixed the record date for its rights issue. SBI Rights Issue Record Date has been fixed as Monday, February 04, 2008. SBI Rights Issue Price will be updated here shortly.

Shareholders of State Bank of India who’s names appear on the company’s register of shareholders on the record date, will get the rights issue.

Emaar MGF Land to raise up to $1.5 bn in India IPO

The India arm of Dubai's Emaar Properties plans to raise between $1.2 billion and $1.5 billion in an Indian IPO, according to a term sheet obtained by a news agency.
Emaar MGF Land Ltd plans to launch its deal roadshow on January 18, with a listing tentatively scheduled for February 27, a source familiar with the deal said.
The company is selling 11.9 per cent of its enlarged share capital in an offering sponsored by Citigroup, Enam Securities, Goldman Sachs, HSBC, JPMorgan, Kotak Mahindra Capital and Merrill Lynch.

Future Capital IPO oversubscribed 132 times

Continuing to hold investors’ interest, the IPO of Future Capital Holdings (FCH) was subscribed over 132 times on the last day of its issue, while the local bourses suffered losses. According to latest data available on the bourses, the IPO of the Kishore Biyani-led Future group’s financial services arm received bids for 84.84 crore equity shares against the 64.22 lakh shares on offer

Buy English Indian Clays Ltd.

Buy English Indian Clays Ltd.

Current Price Rs 3249 with target of Rs 5000 in short term.

Industry: Diversified Bse Code : 526560

Holdings
Promoters : 84.15% FII : 6.69% General Public : 3.03%

Buy Reliance Capital Calls

Buy Reliance Capital Calls of Rs. 2800 lot of 550 share.

Current Price Rs 50. Target Price 80 in 2 days.