Investment Monitor by Seema M

PDF processed with CutePDF evaluation edition www.CutePDF.com

Sweet Sixteen 12 When investing in stocks, nothing beats the thrill of having invested in a multibagger. A multibagger is a stock which gives a return of more than 100% (its price more than doubles). It gives immense satisfaction to its owner at having picked the stock. .......

Editor Desk

Stock Ideas

News Bytes

Reliance Media & Entertainment Fund

Review & Analysis

Query Time

Trend Watch

Subscription Page

Stock Market Monitor

Mail Box

Investment Monitor July 2009

EDITOR’ DESK

Volume: X Issue :(07)July 2009 Editor: Rajat Prasad

“ Time for Consolidation ” June was a month for consolidation for the markets. After the sharp rise in May, the markets took a pause and traded in a range. Any decisive breakout was due to absence of any triggers, both on upside and downside. The market is eagerly waiting for the budget to be presented on 6 July. There is a lot of expectation from the budget. We expect the budget to focus on infrastructure, rural development and welfare. We also expect measures to improve public finances and in particular reduce the fiscal deficit. For this reducing stake in government owned companies to raise money will be a method government is likely to adopt. What the government really delivers on 6 June is for us to see and we shall keep our fingers crossed. A detailed analysis on the budget will be a part of our next issue. In our interactions with investors we often get many questions about multibaggers. Our effort to answer those questions is what the cover story of this issue is all about. In the cover story we look at a set of sixteen companies whose stocks could be potential multibaggers in the years to come. All these companies have their own unique advantages and we believe are poised for excellent growth. Power will be an area of increasing focus for the policy makers. Frequent power cuts this summer across the country has once again underlined the need for more electricity generation. We believe the increased demand and the importance given to it make this sector a good growth play. Keeping this in mind we have a special article on power sector in India which we believe is both timely and relevant.

Head Office : 47 MM Road Rani Jhansi Marg Jhandewalan New Delhi -110055,Tel : 011-23636363/62,Fax : 011-23636746 Ahmedabad Office : 401 , Abhijit -1 , Opp. Bhuj Mercantile Bank,Mithakhali 6 Road,Navrangpura, Ahmedabad : 380009,Tel : 079-26467260,079-26404241, 09327037108 Bangalore Office : S 111, Manipal Centre, 47 Deckinson Road, Bangalore-560042, Tel : 080-09343795727, 9448267617, 080-25581513, 09341940796, 0943795727, 30945047 Chennai Office : 3rd Floor, Precision Plaza, New # 397, Teynampet, Anna Salai, Chennai - 600 018 Tel : 044-, 42077370 , 42077371,09382330263,09382330261, Chandigarh Office : SCO 222-223, Ground Floor, Sector 34-A, Opp. State Library, Chandigarh Tel :0172-2624896, 2624796, 4620067, 3240150, 0 9316135518 Dehradun Office : 56 first floor,Rajpur Road Opp. Madhuban Dehradun, Uttranchal248001 Tel : 0135-3258181,09368141585,09837069717 Jaipur Office : 7 Katewa Bhawan Opp Ganpati Plaza , M.I. Road Jaipur -302001,Tel ; 0141-3235456 ; 5113317, 9314639805 Kolkata Office : 704, Krishna Building, 224 AJC Bose Road, Kolkata-700017,Tel : 03322802963, 30974687,09339730866,9339234900 Fax ; 22802964 Lucknow Office : G-32, Shriram Tower, 13-A, Ashok Marg, Lucknow-226001,Tel : 0522-2286518; 2286110,9335914247,93505520417 Fax ; 2286110 Mumbai Office : 133A, Mittal towers, A Wing, 13th Floor, Nariman Point, Mumbai 400021,Tel : 9324804084,9324804086 Vadodara Office : 222, Siddharth Complex,2nd floor ,R C DUTT ROAD ,ALKAPURI,VADODARA-390007 Tel : 09327037108,9377355576 Delhi Associate division : Cannought Place Office : N-24, Cannought Place, New Delhi 110001,Tel :011 41523306, 41523229, 9350316008 Faridabad Office : 55 1st Floor Near Flyover Neelam Chowk NIIT Faridabad 121001,Tel : 95129-2427367, 2427361, 9350316009 Ghaziabad Office : 114, Satyam Complex, Raj Nagar D C, Raj Nagar, Ghaziabad 201002,Tel : 9312940453,9312056336 Janakpuri Office : 111, Jyotishikar, 8 Distt. Centre, Janakpuri, New Delhi-110018,Tel :011-25617654, 09310684750 Noida Office : P-5, UGF, Ocean Plaza, Sector-18, Noida-201301,Tel : 951204336992;2513989, 9312940493 Pitampura Office : Shop No. 24, FD Market, Nr. Madhuban Chowk, Pitampura, Delhi110034,Tel : 011-273114419, 9312940490 Preet vihar Office : 106 Pankaj Chambers, Preet Vihar Community Centre, Delhi110092,Tel : 42421238; 39, 9312940456 Rajendra Place Office : 118,Gagandeep building , Rajendra Place, New Delhi110008,Tel : 011-41538956, 41537856, 9350316011 ITO Office :105 Pratap Bhawan, Bahdur Shah Zafar Marg, New Delhi-110001,Tel : 01141509018, 42512404 Vasantkunj Office : 105, Anchal Plaza, Plot no. 7, Sec-8, Vasant Kunj, New Delhi110070,Tel : 26891262, 26134767, 9312940454 Research V. P. -

Suhail Zaman

Research Team-

Simmi Batra

suhail@rrfcl.com simmibatra@rrfcl.com shaurya@rrfcl.com Rekha Chauhan rekha@rrfcl.com Cover Page -

Anurag Ranjan

Media Manager -

Vikas Kumar

anuragranjan@rrfcl.com vikas@rrfcl.com

The monsoons have been late in most parts of India. As agriculture still is the means of livelihood for the highest percentage of our population a prolonged delay or a lower rainfall will be a very bad event. However, just before going to print the monsoons made a quick advance and covered most of South and East India. We will know with certainty about the impact of monsoons by the end of July. We will cover that as well in our next issue. Till then we shall pray to the rain gods for rains as well as respite from the scorching summer sun.

RAJAT PRASAD

Marketing Executive -

Aseem Srivastava aseem@rrfcl.com

Published by Raghunandan Prasad on behalf of RR Information & Investment Research (P) Ltd.,412-422, Indraprakash Building,21, Barakhamba Road, New Delhi-110001 Design by RR Information & Investment Research (P) Ltd. Printed at : Ratna Offset, C-101, D.D.A Complex,Okhla Indl. Area, PhaseI, New Delhi - 110 020.Tel : 41811683, 26816047 This publication is for informational purposes only and contains information, opinion, material obtained from reliable sources and efforts have been made to avoid errors and omissions and is not to be construed as an advice or an offer to act on views expressed therein or an offer to buy and/or sell any securities or related financial instruments and the publisher shall not be responsible and/or liable to anyone for any direct or consequential use of the contents thereof. The reproduction of the contents of this magazine in any form or by any means without prior written permission of the publisher is prohibited.All advertisements appearing in this publication are at the sole risk & responsibility of the advertiser.All disputes shall be subject to the exclusive jurisdiction of Delhi courts only.

Investment Monitor July 2009

Mutual Fund News

NEWS Fortis Money Plus Fund introduces dividend payout facility

Mirae Asset mutual fund launches Mirae Asset Short Term Bond Fund

Fortis mutual fund has decided to introduce the additional facility under its scheme Fortis Money Plus Fund. The fund house will provide the facility of dividend payout under the weekly dividend option of the institutional plan of the scheme with effect from 26th June, 2009. In case no specific facility is indicated, the default facility applicable will be dividend reinvestment facility. If the quantum of dividend payable for the week is less than Rs. 20000 then the dividend will automatically re invested. The investment objective of the scheme is to provide income consistent with the prudent risk from a portfolio comprising of floating rate debt instruments, fixed rate debt instruments, money market instruments and derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved. The scheme does not guarantee / indicate any returns.

Mirae Asset Mutual Fund has launched an open ended debt scheme, namely Mirae Asset Short Term Bond Fund on 23rd June, 2009. The fund will remain open for subscription till 22nd July, 2009. The investment objective of the scheme is to seek to generate returns through an actively managed diversified portfolio of debt and money market instruments. The fund offers two plans - regular and institutional which will further offer growth and dividend option. The minimum application amount under regular plan is Rs. 5000 and that under institutional plan is Rs. 10 lakhs. The scheme will charge an exit load of 0.5 per cent for the regular plan if the investment is redeemed within 90days and 0.15 per cent for institutional plan if redeemed within 15days from the date of allotment.

Canara Robeco mutual fund introduces weekly dividend payout facility under its scheme Canara Robeco mutual fund has planned to introduce the weekly dividend payout facility under its scheme Canara Robeco Liquid Fund under super institutional plan. The scheme presently offers growth, fortnightly dividend, monthly dividend, weekly dividend and dividend reinvestment facilities under the super institutional plan. The new plan will be available with effect from 25th June, 2009. The investment objective of the scheme is to provide high liquidity and reasonable income through investment in short term debt and money market instruments.

ICICI Prudential Long Term Floating Rate Fund revises its entry load ICICI Prudential Mutual Fund has revised the load structure under its scheme ICICI Prudential Long Term Floating Rate fund for Plan A, B and C. The scheme will levy an entry load of 2.50 per cent under these schemes with effect from 18th June, 2009. The scheme continues not to charge any exit load under these plans. ICICI Prudential Long Term Floating Rate Plan is an open ended income fund with an objective to generate income through investments in a range of debt and money market instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity.

Investment Monitor July 2009

SEBI removes entry load for mutual funds The entry load charged by fund houses has been abolished by the Securities and Exchange Board of India (SEBI). As per the decision distributors will now have to disclose their commission for the schemes. This decision gives the investors the independence to decide on the commission payable to the distributors. The absence of entry load and the introduction of the prevalent trail commission structure could lead to a shift of focus from new fund offerings to existing mutual fund schemes. It is expected to have a major impact on the sales of the mutual funds in the short term. The decision is also expected to instill transparency and prevent mis-selling by the distributors. However on the flip side it is considered that the removal of the upfront commission to the investors will impact the marketing of the mutual funds in the smaller towns

Birla Sun Life Mutual Fund announces dividend under two schemes Birla Sun Life mutual fund has announced dividend under its two flagship equity schemes. It has declared 50 per cent dividend under Birla Sun Life Basic Industries Fund and 10 per cent dividend under the Birla Sun Life Infrastructure Fund Plan A. The fund house has decided to distribute the dividend on the record date of 23rd June, 2009. Birla Sun Life Basic Industries is a multisector, open-ended growth scheme with a focus on investing in companies sensitive to economic cycles and commodity pricing cycles. Birla Sun Life Infrastructure Fund is an open-ended growth oriented scheme which predominantly invests in a diversified portfolio of equity and equity related securities of companies that are participating in the growth and development of Infrastructure in India.

Corporate News

BYTES Tutor Vista ,Educomp to get $30 mn from Pearson The owner of the ‘Financial Times’ newspaper and book publisher Penguin ,Pearson Plc.,will invest $30million (around Rs 145 crore) in two Indian education companies as part of plans to use the country as a base for expansion. The company will take a 17.2% stake in Bangalore-based TutorVista Global Pvt. Ltd and enter into a venture with Gurgaon-based Educomp Solutions Ltd. Pearson’s buying stakes in the two Indian firms signals increasing global interest in India’s testing market. Last year Pearson VUE bid for a contract from the Indian Institutes of Management to conduct their entrance test online.

Idea Cellular may merge with Spice Comm Telecom services provider Idea Cellular Ltd said it will consider merging its operations with Spice Communications Ltd. The merger, which follows Idea’s acquisition of a controlling stake in Spice last year, will give Idea access to two new regional markets. LIC plans to invest Rs 50,000 crore in equities in FY10 The country’s largest insurer by premiums collected, Life Insurance Corp. of India Ltd, or LIC, plans to invest Rs50,000 crore in the stock markets this fiscal, exceeding its total equity exposure of Rs40,800 crore in 2008-09. The company will make total investment of Rs1,75,000 crore (Rs1.75 trillion) this year, with Rs50,000 crore in equities, Rs60,000 crore in government securities and another Rs50,000 crore in debt and the remaining in mutual funds, fixed deposits and other asset classes.

Ficci, Ex-Im bank sign MoU to expand IndoUS trade ties The Export-Import (Ex-Im) bank of the United States and the Federation of Indian Chambers of Commerce and Industry (FICCI) signed an agreement to expand trade relationship between the two countries. The MoU calls on Ex-Im bank and Ficci to exchange information on business opportunities for the US exporters and Indian buyers, and to cooperate on workshops and other initiatives to widen understanding of their respective programmes.

Sesa Goa buys rival iron ore mines for Rs 1,750 cr India-based iron ore miner Sesa Goa has acquired the mining assets of Dempo Group in the western state of Goa for Rs1,750 crore ($368 million) to boost its output of iron ore. With the acquisition, Sesa Goa - a subsidiary of London listed metal and mining group Vedanta Resources will have access to Dempo’s mining leases, rights and infrastructure. Sesa Goa is one of India’s largest iron ore producers and exported the majority of its 12 million tonnes production in 2007/08. For Subscription, please contact :Vikas : 011 - 23508446 Mob: 09313471048 E-Mail: vikas@rrfcl.com RR Investors Capital Services Pvt. Ltd, 47, Rani Jhansi Marg, New Delhi -110055 Ph: (011) - 23636363 Fax : +91-11 23353703

Investment Monitor July 2009

Chrysler, Fiat merge into world’s 6th auto giant Chrysler and Fiat sealed their deal to create a new global auto giant in a milestone for the world industry after the Italian champion stepped in to salvage the bankrupt US firm. The move completes a quick restructuring of the number three US automaker in a plan orchestrated and backed financially by the US and Canadian governments after the world economic crisis sped up a decline in the US auto industry. The new Chrysler will initially be majority-owned by the United Auto Workers (UAW) union, with small stakes held by the US and Canadian governments, which would contribute some $10.5 billion to the venture.

JPMorgan strongest bank; RBS’ loss biggest JPMorgan Chase and Co. tops a list of the world’s strongest banks, while Royal Bank of Scotland (RBS) suffered the biggest loss of any lender last year, according to new industry rankings.According to new industry rankings RBS’ $59.3 billion loss last year eclipsed all rivals, including Citigroup’s $53 billion loss and Wells Fargo’s $47.8 billion loss, according to ‘The Banker’ magazine. Global bank profits slumped 85% last year to $115 billion, down from $781 billion, and return on equity plunged to 2.69% from 20%.Bank of America ranked second, Citigroup was third and RBS was fourth, despite the problems for all three last year.

REVIEW & ANALYSIS

Review BSE Vs KEY COMMODITIES

security name ACC BHEL Bharti Airtel DLF Grasim Inds HDFC HDFC Bank Hind. Unilever Hindalco Inds. ICICI Bank Infosys Tech. ITC Jaiprakash Assc. Larsen & Toubro M&M Maruti Suzuki NTPC ONGC Ranbaxy Labs. Reliance Comm Reliance Inds. Reliance Infra St Bk of India Sterlite Inds. Tata Motors Tata Power Co. Tata Steel TCS Wipro

Closing Price %change 22/06/2009 22/05/2009 740.50 2095.50 792.35 323.05 2140.35 2301.70 1540.20 259.05 84.35 726.90 1765.75 202.80 200.75 1510.40 709.30 1062.45 191.00 993.70 270.55 296.45 1952.45 1207.60 1694.75 593.95 333.60 1107.40 402.55 369.75 378.30

729.00 1981.95 857.85 333.95 2144.60 2122.15 1369.05 231.85 74.86 702.80 1519.40 183.25 173.20 70.00 629.85 960.00 216.35 1045.30 220.90 315.55 2183.10 1120.70 254.75 507.95 345.70 1044.60 138.32 316.98 368.70

Investment Monitor July 2009

1.58 5.73 -7.64 -3.26 -0.20 8.46 12.50 11.73 12.68 3.43 16.21 10.67 15.91 2057.71 12.61 10.67 -11.72 -4.94 22.48 -6.05 -10.57 7.75 565.26 16.93 -3.50 6.01 191.03 16.65 2.60

Market-cap Latest P/E Ratio 13898.44 102578.91 150413.39 54828.05 19620.59 65492.57 65640.24 57257.82 14345.40 80927.23 101145.70 76544.83 28141.13 88547.20 19776.70 30696.30 157488.28 212539.52 11372.84 61187.87 307280.50 27342.48 107596.29 42093.24 17156.71 24554.38 29409.90 72367.47 55436.08

11.11 32.69 19.43 35.42 11.91 28.69 30.25 26.01 4.72 22.50 18.09 25.51 31.37 32.13 23.02 25.19 19.20 12.88 338.19 31.37 19.71 24.01 12.12 35.48 31.09 34.54 5.26 16.43 18.64

REVIEW & ANALYSIS

Analysis

BSE IT

9549.00 2.16 %

17538.00 2.44%

HANG SENG

NASDAQ

NIKKEI

Top Losers

Realty Losers

Bank Gainers Company IDBI Bank HDFC Bank Union Bank (I) Bank of India Bank of Baroda

24/05/09 89.75 1369.05 200.1 321.8 422.45

24/06/09 107.65 1555.6 215.2 336.7 433.8

%change 19.94 13.63 7.55 4.63 2.69

Top Gainers

Company HDIL Phoenix Mills Anant Raj Inds Indiabulls Real DLF

24/05/09 306.95 121.3 103.5 209.4 333.95

24/06/09 228.2 109.95 96.05 198.85 330.55

%change -25.66 -9.36 -7.2 -5.04 -1.02

24/05/09 171.8 135.95 2183.1 320.7 447.5

24/06/09 155.75 126.75 2039.6 301.85 423.55

%change -9.34 -6.77 -6.57 -5.88 -5.35

24/06/09 111 741.75 1262.25 1164.35 280.8

%change 17.96 17.71 12.63 11.46 9.13

Top Losers

Metal Gainers

Oil Losers 24/05/09 152.05 215.85 501.95 507.95 300.35

24/06/09 %change 199.65 31.31 277 28.33 605.1 20.55 606.7 19.44 357.85 19.14

Company Essar Oil Reliance Petro Reliance Inds. HPCL BPCL

Top Gainers

Power Gainers

MidCap Gainers Company Bajaj Hindusthan Jaiprakash Hydro Tech Mahindra IndusInd Bank LIC Housing Fin

DOW

BSE Metal

Top Gainers

Company Welspun Guj.Stah Jai Corp JSW Steel Sterlite Inds. NMDC Ltd

8322.00 0.54%

4671 6.69% BSE Auto

10776.00 10.64%

12303 10.76% BSE Capitalgoods

7711.00 0.47%

4235.00 -0.07 %

BSE FMCG

BSE PSU

3244 14.67%

14326 3.16%

NIFTY

2272.00 9.23%

SENSEX

17121.00 21.35 %

WORLD MARKET

INDIAN MARKET

24/05/09 133.05 53.6 474.3 56.9 420.15

24/06/09 214.1 86.15 760.6 83.2 580.4

%change 60.92 60.73 60.36 46.22 38.14 7

Company Suzlon Energy ABB Reliance Infra Tata Power Co. Crompton Greaves

Investment Monitor July 2009

24/05/09 94.1 630.15 1120.7 1044.6 257.3

PRIME INDICATOR

GOLD MUMBAI

FOREX

RUPEE

BRENT CRUDE

INFLATION

CALL RATE

G SEC

SENSEX

Investment Monitor July 2009

Fixed Deposits

HDFC Limited :

The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of the RBI's liberalisation of the Indian Banking Industry in 1994. The bank was incorporated in August 1994 in the name of 'HDFC Bank Limited', with its registered office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995. FINANCIALS .

PBDIT Interest PBT (Post Extra-ord Items) Tax Reported Net Profit Shares in issue (lakhs) Earning Per Share (Rs) Equity Dividend (%) Book Value (Rs)

Rate of Interest: Period Annual

(Rs in cr) Mar '07 Mar '08 12 mths 12 mths 5,659.09 8,575.24 3,673.28 5,184.53 1,968.35 3,374.11 397.97 937.86 1,570.38 2,436.25 2,530.07 2,840.38 62.07 85.77 220.00 250.00 219.42 420.62

Monthly

Cumulative

15 (Months) 7.20 7.50 30 (Months) 8.00 7.70 8.00 45 (Months) 8.00 7.70 8.00 Min. amt (Rs.) 20,000 20,000 20,000 For Cumulative Option Interest is compounded annually. Senior citizens could earn an additional 0.25% p.a

JAIPRAKASH ASSOCIATES LTD

PROFILE A leader in engineering & construction of hydropower projects in India,

. . . .

The Company has the largest market share in the Indian hydropower, E&C and EPC sector Participated in 54% of hydropower projects developed in 10th 5-Year Plan in different capacities. The Jaypee Group well diversified infrastructural industrial conglomerate in India. Over the decades it has maintained its salience with leadership in its chosen line of businesses - Engineering and Construction, Cement, Private Hydropower, Hospitality, Real Estate Development, Expressways and Highways. FINANCIALS Income Statement Net Sales Other Income PBDIT Net Profit Total Share Capital Net Worth EPS Last Dividend

(Sep '08) Quarterly 1182.6 104.03 451.84 203.13

(Mar '08) Annual 3985 289 1386 610

JINDAL STEEL POWER LTD

. . .

36 Months 12.00%

The key non-EPC projects completed/under executions across India are -

. .

1450 MW Sardar Sarovar Project, the largest water resource project in India. 1000 MW Tehri Dam, Asia's highest 10 Investment Monitor July 2009

AND

JSPL is part of over US $ 10 billion Jindal Organisation. JSPL (with the turnover of Rs. 5500 crore) is one of the most efficiently run steel company Established in the year 1990 by hiving off the Raigarh & Raipur Divisions of Jindal Strips Ltd. JSPL in the largest private sector investor in the State of Chhattisgarh with an ongoing investment commitment of Rs. 25,000 crore. Further capacity expansion at Raigarh: 3 MTPA Steel Production and 600 MW Power Generation Signed an MOU with the State Government of Orissa to set up a 12.5 Million Ton steel plant by investing US$ 10 Billion, power generation being 2500MW. Signed an MOU with the State Government of Jharkhand to set up a 11 Million Ton steel plant with an investment of US$ 9 Billion, power generation being 2600 MW. JSPL is an ISO 9002 & ISO 14001 certified Company. Set up an industrial Estate over 750 Acre land in distt. Raigarh, more than 30

234.3 4598 5.2 114.6

Rate of Interest* 6 Months 12 Months 24 Months 11.00% 11.00% 11.50% *Sr. Citizen .50% Extra Interest

. .

rockfill dam. 1000 MW Indira Sagar Power House, second largest surface power house in the country. 1500 MW Nathpa Jhakri Power House, the largest underground surface power house in the country.

. . .

Fixed Deposits industrial units are already in operation, supplying power from captive power plant on long term basis @ Rs. 2.50 per unit. " Carrying out reconnaissance and survey for diamonds in Jahspur Chhattisgarh, in Gumla, Simdega distt. In Jharkhand and in Democratic Republic of Congo. FINANCIALS Mar '04 12 mths Sales Turnover 1,550.25 Operating Profit 531.17 PBT(Post Extra-ord Items)355.26 Tax 49.79 Net Profit 305.46 Shares(lakhs) 307.92 EPS (Rs) 99.15 Equity Div.(%) 200.00 BV (Rs) 277.73

Mar '05 12 mths 2,449.87 916.15 673.81 158.11 515.70 307.92 167.48 300.00 428.15

RATE OF INTEREST Period 1 YR 8.00 %

(Rs in cr) Mar '06 12 mths 2,877.95 1,032.81 727.85 154.91 572.94 307.92 186.07 300.00 598.76

2 YR 8.25%

360.00 810.51

3 YR 8.50%

(IND-SWIFT LTD AND IND-SWIFT LABS) PROFILE Ind-Swift Laboratories is a part of the IndSwift group and is based at Chandigarh, India. It has been promoted by Ind-Swift Limited in joint venture with the Punjab State industrial Development Corporation Limited (PSIDC). The group has established a strong reputation as innovators in the Indian pharmaceutical industry. This would enable us to roll out API's in the North American market. ISL Inc. has partnered with top US generic companies for generic pharmaceutical business. Indswift is are also working on alliances with biotechnology companies in North America Ind-Swift Laboratories has a significant presence in more than 45 countries, in addition to a strong position in the domestic market. Its research and development centre employs over 150 scientists FINANCIALS Mar '04 12 mths Net Sales 206.86 Net Profit 12.86 EPS (Rs) 27.81 Equity Div (%)20.00 BV (Rs) 152.15

Mar '05 12 mths 245.69 25.99 35.73 20.00 150.90

Mar '06 12 mths 273.83 17.27 4.64 20.00 34.10

Mar '07 12 mths 377.03 20.85 5.61 20.00 39.97

In 2007, the company signed a pact for a mega deal valued at INR 33.28 billion over a 10-year period to set up the Vizag Knowledge Mar '07 Mar '08 City on 1,750 acres of land 12 mths 12 mths 3,919.79 6,131.63 near Vishakapatnam. It is 1,409.81 2,295.91 investing USD 720 million in 944.84 1,502.51 four years to build 28 hotels 241.85 265.55 702.99 1,236.96 with help from partners like 307.92 1,539.61 Marriott International. 228.30 80.34

INDSWIFT GROUP

(Rs in cr)

International Recreation Parks, a 50:50 joint venture between Unitech Investments and International Amusement which is developing a 145 acre amusement park at Noida

400.00 243.92

The company`s construction projects include residential, hotels, transmission lines, highways, and overseas turnkey projects. It has completed residential projects such as Karma Lakelands, Uniworld City, Greenwood City, Nirvana Country and The Palms; commercial projects in Gurgaon including Global Business Park, Signature Towers, Infospace, Unitech Business Park, and Millennium Plaza to name a few; retail and leisure projects in Gurgaon and Noida including Greenwood Center, The Great India Place and the Shikshantar School in Gurgaon, and the Radisson Hotels in Delhi. Land reserve of over 11,000 acres spread across major centres in India Market capitalization* of appx Rs 10,000 cr FINANCIALS

. .

Mar '08 12 mths 513.08 31.25 8.40 20.00 47.89

Share Capital Reserves & Surplus PAT Div (%)

(Rs in Lacs) 2008 32467 181914 103067 12.5

2007 16233 99866 98355 25

Rate of Interest:Period 6 mths 12 mths 24 mths 36 mths

Min Amt (Rs.) ROI 25000 10000 10000 10000

11% 11% 11.50% 12.00%

Payable on maturity 26375 11157 12572 14308

. .

Yield 11% 11.57% 12.86% 14.36%

UNITED SPIRITS

United Spirits Limited (USL) is the largest Spirits Company in India and 12 mths 24 mths 36 mths 48 mths Ind Swift Ltd 10.50 11.50 12.00 12.50 among the top three spirits companies Ind Swift Labs 10.50 11.50 12.00 12.50 in the world. USL has a global footprint with exports to over 59 countries. It has a sizeUNITECH LTD. Unitech in future plans to diversify able presence in India with distilleries and more aggressively into other related areas sales offices all across the country, and a like hospitality and entertainment. This is committed team of over 7500 people dedevident from the company`s joint venture icated to the fulfillment of the company's Rate of Interest:-

Investment Monitor July 2009

mission. It has established manufacturing and bottling plants in every state of India. In addition, to deliver its products to customers located anywhere in India, USL has established a robust distribution network covering the whole country." FINANCIALS Income Statement

(Sep '08) Quarterly 911.36 3.15 191.51 93.89

Net Sales Other Income PBDIT Net Profit

Total Share Capital Net Worth EPS Latest Dividend Market Price of Per Equity Share Rate of Interest:12 Months 11.00%

(Mar '08) Annual 3166.25 29.39 659.76 321.06 102.23 1342.02 52.21 24.07 821

24 Months 11.50%

TRIVENI ENGINEERING LTD

The Company is among the three largest sugar manufacturers in India, and the market leader in its engineering businesses comprising steam turbines, high speed gears, gearboxes, and water treatment solutions. India's sugar production for the year is 45% less than the previous year, so the chances of price rise are buoyant. The outstanding order book of this business as on 31st March 2009 stood at Rs. 1.88 billion. General Electric Company`s (GE) oil and gas division inked an agreement with Triveni Engineering & Industries to enter the fast growing high speed reciprocating (HSR) compressor market in India. FINANCIALS

. . .

200809 Equity PaidUp 25.79 Networth 766.84 Net Sales 1585.79 PBT 134.54 PAT 111.52 BV(Unit Curr) 29.73 Market Cap. 2029.67 CEPS 7.31 EPS 4.22 Div.(annd%)60.00

200709

200603

200503

200403

25.79 674.86 1908.36 78.44 75.43 26.17 2856.24 5.98 1.89 40.00

25.79 512.16 1199.16 161.14 131.50 19.86 3240.51 5.95 5.03 50.00

8.32 173.73 963.14 124.04 99.52 20.88 0.00 13.28 11.80 100.00

8.32 127.09 581.62 25.46 17.75 152.75 0.00 32.68 20.30 30.00

Q2FY09 Q2FY08 H1FY09 H1FY08 Operational Details Power Generated-000KWH 113388 140517 168293 199380 PowerExported-000 KWH 72564 92612 108799 130916 Financial DetailsNet Sales (Rs. Million) 681.8 PBIT (Rs. Million) 128.7 PBIT Margin(%) 18.9%

630.0 277.8 630.0

917.3 194.1 917.3

914.3 416.1 914.3

Rate of Interest:Period

6 mths -

1 yr 9.25

2 yr 9.50

3 yr 9.50

Cover Story

hen investing in stocks, nothing beats the thrill of having invested in a multibagger. A multibagger is a stock which gives a return of more than 100% (its price more than doubles). It gives immense satisfaction to its owner at having picked the stock. A bit of vanity is never bad, isn't it? Stockpicking is an important part of investing. If you pick correctly, it can open doors to unimaginable riches. Lets illustrate with an example. On the last day of 1995 Infosys quoted at Rs.26 (adjusted for bonuses and splits) on BSE. Today, it quotes at Rs.1766, a fabulous return for anyone who would have invested in the stock then and that is without even counting any dividends. But, nothing in life comes cheap. Picking up a multibagger isn't so easy. People run after hot tips, but these go up in smoke. In this article we look at a set of "Sweet 16" stocks which have the potential to become a multibagger and sweeten your life. However any prediction about the markets is a hard task. Rakesh Jhunjhunwala once rightly remarked "Markets are like women always demanding, always unpredictable and always volatile." No one

know whats next. For an instance think - Does any one knows when this recession is going to end? No, no can say it accurately, one can just predict but as all know that the future is uncertain. But what one can do is to pick some stocks which offer long term growth prospects and are reasonably priced and then investment in them for a long time period. Now you may wonder what features do multibagger stocks have which other stocks do not. Well let us give you a concise list. Remember that this is not a definitive or exhaustive list. It is just a guide. Multibaggers may have many of other qualities as well or they may have one or maybe all of the qualities listed below. Many multibaggers have an excellent management team at the helm of affairs. These people are passionate about growing the company. They have a vision and the conviction to carry through their vision across economic cycles. Many multibaggers operate in a business segment where growth is likely to sustain for a long period. Growth may be a result of demographic factors, innovation, monopoly, first mover advantage in a sector with high entry 12 Investment Monitor July 2009

barriers or other factors but the main thing is growth. Multibaggers may also have an opportunity of scalability in their operations. Scalability means ability of company to increase its size of operations. It is different from growth as a scalable business segment offers an exponential rise in the number on consumers over years. An example would be Bharati Airtel ten years ago. Multibaggers may have sustainable competitive advantage as they may operate in a business segment where they may have a strong brand, patent protection for products, an entry barrier other than capital etc. Multibaggers may also be found in dull or boring business segments. Markets ignore these stories until one fine day they make a splash. These companies often command lower valuations and are ripe for re-rating once market discovers them. In this article we have given sixteen such stocks which can become multibaggers over years. All have them are excellent companies and have superior qualities - qualities which can make them multibaggers. Almost all of them have excellent managements at helm of affairs. People who have commitment,

Cover Story intelligence and passion to take their companies forward. Many of these people are promoters of the company and have an emotional attachment with their company. Some like Jyoti Structures, Kalpataru Power, Yes Bank and Patels Airtemp operate in a segments which are likely to witness high growth over years. Some have high capital entry barriers like Sanghvi Movers while some like ICRA have human capital entry barriers while others like Alphageo operate in a very niche area. Geodesic, Info Edge, Prime Focus and Everonn provide excellent scalability opportunity. Rallis is a turnaround story and a play on increasing rural focus, an opportunity to tap opportunity at the bottom of the pyramid, an unexplored area. TTK Prestige operates in a dull or boring business segment but one which is essential to our daily lives and is increasing it operations and offering products, with marketing to match, which don't sound so boring. It is making boring products attractive. Panacea Biotech focuses on innovation and research which will carry it forward. Orbit Corp's unique business model make it a stock worth owning. Its model may sound easy to replicate while reading but ask any real estate developer and he will tell you to do it operationally requires years of experience which can't be had in a short time. Gateway Distripark will benefit from increasing

trade from India in the long run. All of them have distinct advantages and can be expected to do well in the long run. May be one of these stocks will become your multibagger. Search is an unending odyssey. It is worthwhile to enjoy the journey of

search. One should learn one's lessons and always try to outgrow oneself. Ultimately you will discover that your life has become happier and more fulfilling. And you may discover your own multibagger along the way!! Happy Investing

Cover Story

S w ee t 16 St ock s Sangh vi Mo v er s ow many products or services are monopolies today hardly any. A large number of companies are vying to sell their products or services in most specified markets. Without a shred of doubt, it is a buyer's market. So, if you find a sector where demand not only outstrips supply, but also is certain to remain so for five years or more, you can very well imagine the profits companies will make in this sector. Have you ever tried relating huge infrastructure expansion currently underway with investments? You will realise that infrastructure sector is a high growth opportunity with high margin of safety in returns.

A largest player in the crane hiring business, Sanghvi Movers makes for an attractive investment despite the slowing economy, given its large fleet size, diverse user industry base and virtual monopoly in the higher tonnage cranes segment. The company's long-standing business relations with companies such as Reliance Industries, Suzlon Energy and BHEL may also stand it in good stead as these companies are less vulnerable to a slowdown in investments in their core business.

2005 Income 75.38 Expenses 27.40 Op Profit 47.98 Net Profit 13.70 D% 50.00 EPS 18.47 BV 76.53

rbit Corporation is a real estate developer operating on a unique model. Orbit Corporation Ltd primarily focuses on redevelopment of existing properties. The company specializes in developing, designing and managing high-end residential and commercial properties. The business model of Orbit is to acquire land or dilapidated buildings in Mumbai and convert them into premium commercial properties or residential complexes. Orbit has 16 re-development projects in Mumbai with approximately 11 lakh sq. ft of developable area. According to estimates, there are 16,000 old and depleted buildings in Mumbai, giving huge market opportunities to the company. On account of low acquisition cost is low in redevelopment projects; the company enjoys healthy margins as it mainly operates in redevelopment under development control regulation schemes. This model is unique and since its area of operation is mainly posh Mumbai the fall in prices would only be for short term and in long term prices are likely to remain high.

2007 178.63 46.58 132.05 47.18 125.00 56.87 245.96

2008 254.32 66.48 187.84 72.75 150.00 16.35 68.25

After having aggressively added to its capacity over the last couple of years, Sanghvi has, in keeping with the slowing economy, cut down on its capex plans. This cautious approach towards capacity addition appears prudent in these times as it will not only help Sanghvi put its existing fleet to better use and keep utilisation levels steady (currently pegged at about 85%), it will also help it to reduce it debts which it plans to end in three years. The company also enjoys a fairly strong demand visibility, though many infrastructure companies are going slow on their expansion plans. The company's increasing exposure to the power sector may help keep its revenue stream steady as the sector is likely to see continued investments in future.

Orbit Corp

2006 149.05 48.15 100.90 32.18 100.00 43.39 108.89

Income Expenses Op Profit Net Profit D% EPS BV

2005 19.25 14.78 4.40 4.08 0.00 3.71 13.67

2006 0.81 0.60 0.12 0.09 0.00 0.04 45.66

2007 128.78 119.13 8.26 7.77 0.00 2.86 56.59

2008 472.58 198.94 218.97 166.63 55.00 45.94 123.13

used stainless steel instead of steel in many of its constructions, parking up to fifth floor of a building etc. On the hind sight redevelopment is definitely a time consuming model. Sometimes it can take as many as three-five years for a redevelopment project to be completed.

A good example is the redeveloped Kalina property completed and handed to the Jindal group in March 2009 for Rs.807 crore. This is one of its massive projects and land for the same was acquired from Ambuja Cements for Rs.330 crore only. The company witnessed huge gains from this deal as the development cost was estimated to be around Rs.150 crore, which would reap in huge profits. The margins in this business lie in value addition. Orbit has 14 Investment Monitor July 2009

Cover Story

Jy oti Structur e s ower sector is set for a increased era of growth as the government stats focusing its energies of developing better infrastructure which will improve bottlenecks in doing business and setting up new businesses. Power being the most ignored aspect of infra development is set to get prime importance. Power generation and distribution companies require huge capital investments and are more risk prone to difficulty in raising capital, regulatory delays etc. However, ancillary companies which supply various equipments have no such worries. They can have the best of both worlds- participate in growth and at a lower risk.

Jyoti Structures is a leader in providing turnkey solutions in the field of high voltage power transmission lines and substations. With around 30 years of proven experience, the company has earned accolades and recognition from a wide spectrum of customers around the world. Jyoti Structures is one among very few companies worldwide which possess the capabilities to execute total turnkey jobs that involve setting up both transmission lines and substations. Its operations extend to around 40 countries. Jyoti Structures has current order book of Rs.3600 crores (at end of March 09), a y-o-y growth of 6%. The order book consists of 70% from transmission, 15% from RE and 15% from sub-stations. Management has indicated that tenders worth

Pa t els Airt emp ave you ever wondered how the big malls are cool and pleasant in this searing summer? How the big industrialp plants meet their heating and cooling needs. Increasing industrialisation has led to an increase in an increasing need for heating, cooling and refrigeration solutions. Patels Airtemp is one such small company which provides integrated solutions for keeping you cool while shopping and customised solutions to industry.

Incorporated in 1973, Patel Airtemp is one of the leading industrial EPC service providers in the western region. It has two state of the art manufacturing units at Rakanpur near Gandhinagar in Gujarat. The product and services catered by

2005 Income 440.33 Expenses 390.24 Op Profit 50.03 Net Profit 11.53 D% 12.00 EPS 8.34 BV 68.32

2006 714.85 625.65 88.69 27.67 20.00 20.02 86.93

2007 924.29 783.70 143.71 55.02 30.00 6.82 34.18

2008 1376.01 1190.42 185.85 72.41 40.00 8.92 42.03

Rs.3000 crores are to be closed in the next two months domestically. It will also be bidding for projects close to Rs.3000 crores in the coming months. It is one of the few Indian companies to operate on a global scale. Its 70% owned South African subsidiary is doing well and the newly formed gulf subsidiary also ha bright prospects. Within the T & D business segment, apart from project execution capabilities and enjoying a track record, new entrants need to invest in tower manufacturing capacities and require strong pre-qualifications norms before they get eligible for large orders from Power Grid and other large customers. Hence entry barriers within the T&D sector demands long term commitment from players making it a stronghold for existing players. Jyoti Structures is amongst the top three T&D players in India and with strong execution and product capabilities is likely to benefit significantly.

Income Expenses Op Profit Net Profit D% EPS BV

2005 25.51 22.23 3.05 1.12 0.00 2.21 17.54

2006 28.65 24.99 3.32 1.40 0.00 2.77 20.26

2007 40.45 35.00 4.97 2.57 10.00 5.06 24.10

2008 55.47 46.02 9.04 5.22 15.00 10.30 32.63

the company include Heat Exchangers (Air Cooled), Column and pressure vessels, AC components and turnkey HVAC (Heating, Ventilation & Air Conditioning) projects. It has a nationwide service presence and has clients from diverse industrial segments like Power, Petrochemicals, Pharmaceuticals, Chemical and Fertiliser. Due to diverse industrial exposure and also due to improved execution capability Patels Airtemp is consistently improving its order book each year. Further due to the accreditation of ASME U (a quality standard) standard for its products and services the company is doing appreciably well in the export of engineering products and services. Currently, the company has an order book of close to Rs.50 crore, which is executable over next six months. It is a very small company but one which has grown consistently. The management team has a long experience in this field and the company has the goodwill of their customers. With increasing industrialisation the opportunities for this company will multiply in the coming years.

15 Investment Monitor July 2009

Cover Story

K alp a t aru P o w er ight is now not synonymous with darkness in an increasing number of villages across India. The reason is increasing electrification across the country. More villages are getting connected to the electricity grid. Small towns are getting more hours of electricity and metros witness negligible power cuts. If you are getting electricity at your home while reading this article chances are high that somewhere the current would have passed through a transmission line set up by Kalpataru Power.

Kalpataru Power Transmission, located at Gandhinagar, Gujarat was promoted by Mr Mofatraj Munot, Mr. Mahendra Punatar, and Mr. Imtiaz Kanga. All the promoters had rich experience in the transmission line industry. The company that they started all those years ago has now become one of India's largest companies in transmission line segment. The company has three business divisions viz. transmission line division, biomass energy division, and infrastructure division. It has an in-house tower testing station. Kalpataru has also diversified across the years. It plans to be present across a number of infra related sectors which it believes will be the engine of growth over several years. Kalpataru has ventured into the construction segment with the acquisition of 51% stake in JMC Projects; JMC is primarily engaged in the con-

Ye s Bank shok Kapur and Rana Kapoor started Yes Bank after having long stints in the banking industry. It is one of the newest banks on the block and the only greenfield bank to be awarded a banking license in the last fourteen years. The bank ha grown exponentially since its then. Yes Bank has blossomed into a "full service" commercial Bank that has steadily built Corporate and Institutional Banking, Financial Markets, Investment Banking, Corporate Finance, Business and Transaction Banking, Retail and Wealth Management business lines across the country and is well equipped to offer a range of products and services to corporate and retail customers. The Bank has adopted international best practices, the highest standards of service quality and operational excellence, with innovative state-of-the-art technology and offers comprehensive banking and financial solutions to all its valued customers. A key strength and differentiating feature of Yes Bank is its knowledge driven approach which goes beyond the traditional realm of banking and helps adoption of a diagnostic and prescriptive approach towards superior product structuring. According to the bank the Yes Bank brand is being built around five key brand pillars, which epitomise the growing strengths of the bank. All communication and advertising has been created around these key brand pillars. These are Growth, Trust, Knowledge Driven Human Capital, Technology and Transparency & Responsible Banking. The company has been consistently growing its business and presence. Yes Bank is targeting business growth higher than

Income Expenses Op Profit Net Profit D% EPS BV

2005 496.89 425.60 71.05 28.72 50.00 26.44 104.14

2006 841.54 695.01 143.12 66.54 50.00 61.26 154.02

2007 1554.12 1242.37 299.26 159.50 75.00 60.19 242.20

2008 1744.37 1436.38 290.06 149.45 75.00 56.59 289.52

struction of industrial buildings, and residential and commercial complexes. Of late, JMC has ventured into the infrastructure segment with projects in the roads, bridges, flyovers, and transportation structures. India's inter regional power transmission capacity is likely to increase to nearly 37,700 mW by the end of the Eleventh Plan (FY12 end). Power Grid is likely to invest about Rs.30,000 crore over FY10-12E period to upgrade India's power transmission network. Besides Power Grid, Damodar Valley Corporation and various other state electricity boards are planning transmission capacity expansion in India. Also, expansion in regional transmission network in Africa and Middle East is likely to supplement domestic demand and present a large business opportunity. Kalpataru Power is the front-runner in the power T&D EPC sector and is wellplaced to benefit from the opportunity that lies before it. 2005 Income 48.15 Expenses 51.92 Net Profit -3.76 D% 0.00 EPS -0.19 BV 10.85

2006 289.96 234.63 51.56 0.00 2.05 51.56

2007 788.32 693.96 132.10 0.00 3.37 132.10

2008 1671.50 1471.47 305.32 0.00 6.76 305.32

the industry average. However the rate of growth will be based on its outlook on the overall economy. The bank, with total CAR at 16.6% and 9.5% under Tier I, expects the existing capital to easily fund 15-18 months of 30% asset growth. Yes Bank has only 9% of its deposits in CASA and hence, will benefit the most in the falling interest rate environment, with 30-40% of its liabilities getting re-priced in the coming six months. This will translate to cost of deposits coming down and improvement in NIM. Yes Bank is planning to increase its branch network to 250 branches by December 2010 from 117 currently. The bank is targeting around 30-40 branches in this financial year. The expected time frame for the new branches to break even is around 1.5-2 years. The bank is also increasing its advertising spend to complement its brand image with increased visibility. With increasing penetration of banking in an under-banked country like India, Yes Bank with its experienced management team is likely to be on a strong growth path for years to come.

16 Investment Monitor July 2009

Cover Story

Prime F ocus Most of like watching movies and television. Where do yo watch them? Are you one of the multiplex going crowd? Or you watch movies in a single screen theaters? Or perhaps in DVD/CD at home? Wherever you may watch movies, one thing is certain. You would have noticed that Indian movies now have better production values (i.e. better cinematography, better sound and better special effects etc.) and resemble Hollywood films in their finish (The story is still by and large still Indian). This new genre of films that require a higher degree of technical expertise; the launch of TV channels and ever increasing number of programmes, the increase in advertising spending across sectors and the outsourcing of postproduction work by international film houses are the subplots of a script that spells opportunities. Opportunities that will increase. One such company which is well poised to benefit from this opportunity and has an early mover advantage is Prime Focus. Prime Focus is a leading player in post-production and visual effects. Prime Focus offers a range of post-production services, including visual effects, high-resolution film scanning and recording, offline and online editing and Telecine (the process of transferring motion pictures into the electronic form, enabling it to be viewed on television, video or on computers). The company boasts of a state-of-the-art technological infrastructure, which makes it one of the preferred players for post-production, be it for films, TV commercials or television programmes. It also rents equipment which, given the current boom in the industry is likely to remain a highly lucrative business. Change toward increasing focus on better technical values in

Income Expenses Op Profit Net Profit D% EPS BV

2006 45.41 17.21 25.29 14.02 0.00 13.58 67.86

2007 62.68 21.44 33.82 20.08 0.00 15.78 149.45

2008 93.27 40.86 44.86 26.64 15.00 20.94 146.00

Indian cinema are likely to benefit the company; the contribution of films to its revenues has been steadily increasing. The multiplex age has, more often than not, rewarded movies are a visual treat. Prime Focus has been associated with technically appreciated films such as Chandni Chowk to China, Om Shanti Om, Saawariya, Dhoom-II and Eklavya. Prime Focus has its eye on international markets as well. Overseas production houses and special effects studios are beginning to outsource work to cut costs. India has been attracting attention on this front, especially in the field of animation; post-production outsourcing, however, is still at its infancy. The cost-savings from such outsourcing is put at a high 60-70%. It acquired for about Rs.35 crore a 55% stake in VTR Plc, a London-based studio with revenues of £20 million. It also acquired Clear, a London based post-production company. This provided the company access to some British clientèle. It is now the fourth largest post- production house in Britain. Prime Focus, in expanding its presence both at the national and international levels, appears well-placed to garner a greater share of this business. It truly is a company for the future.

TTK Pr e s tige hances are very high that most of us have used a Prestige pressure cooker in our kitchens to cook food. You will ask whats the big deal about a company operating in such an unglamorous business. Well, apparently a lot. A lot to multiply your money in coming years. TTK Prestige Ltd., a TTK Group company, was incorporated in October 1955 and started manufacturing pressure cookers in 1959 with technical support from Prestige Group, UK. "Prestige" is India's leading kitchen appliances brand that symbolizes safety and reliability. The company is consolidating its existing strengths and is launching newer product categories and markets that it had not ventured into before. With state-of-the-art facilities, the company has successfully launched its pressure cooker under the “Manttra” brand name in the US market, thus becoming one of the first organized Indian corporate entities to sell pressure cookers in the US under Indian owned brand names. TTK has entered into retail segment with a smart kitchen retail format. TTK has opened exclusive stores through franchise mode. The company will be offering modular kitchens and complete kitchen solutions apart from its regular kitchen appliances like Pressure Cookers, Non-stick Cookware, Kitchen Electrical Appliances and Gas Stoves. With improved life style and disposable income, modular kitchen has become indispensable part of any modest kitchen. The changing lifestyle, double income family structures, rising

2005 31.75 13.24 18.04 8.24 0.00 9.34 35.17

Income Expenses Op Profit Net Profit D% EPS BV

2005 184.6 171.6 10.66 3.81 20 3.36 35.45

2006 222.02 201.51 20.6 7.11 25 6.27 38.89

2007 290.59 263.76 26.29 11.77 30 10.37 45.75

2008 326.27 288.73 32.85 20.67 35 18.21 58.81

income levels and preference for the safe and branded products will be sales drivers for the company. Its foray into retail will also drive future growth, as there is a good recall and high regard for its "Prestige" brand, which signifies quality and safety. The company's US subsidiary Manttra Incorporation is growing at around 20% per annum. The "Mantrra" brand pressure cookers are sold through US major Retail chains like Wal-Mart, K-Mart and Target etc. The company has a strong parentage. The company is part of the TTK group that is a 76-year-old group. The group has build and operated some of the most trusted brands in the country like Prestige, Kiwi, Durex, Kohinoor, Brylcream, Eva etc. Sometimes most boring sounding businesses have tremendous opportunities which are bypassed by us. This is one such company. As someone aptly said “Get interested in something in which no one is and you will reap a rich reward.”

17 Investment Monitor July 2009

Cover Story

ICRA You must have seen advertisements for various financial products like debt issues, mutual funds and IPOs and would have then wondered what the words “AAA” or “AA” mean. These words are ratings given to financial instruments on various parameters like safety, liquidity and solvency etc. This is known as credit rating. The credit rating business in India is in a sweet spot as it is on the cusp of robust growth potential, driven by three triggers strong Capex cycle in Indian economy, lower penetration of corporate bond market and regulatory push, due to implementation of Basel II norms. ICRA is one of the four credit rating agencies in India and the second largest after CRISIL. The company, earlier known as Investment Information and Credit Rating Agency of India Limited, was incorporated in 1991 as a credit rating agency. Moody's India, which is an indirect subsidiary of the Moody's Corporation, picked up an 11% stake in 1999 (later on increased to 29% and now termed as a promoter). In addition, Moody's Investors Service, which is an international rating agency, has entered into a Technical Services Agreement with ICRA, pursuant to which, it has been providing technical services to the company. The sector’s oligopolistic nature, strong brand equity and higher demand for rating services likely from India Inc’s increased domestic capital raising plans, offer a sizable opportunity for the company. The strong cash flows and low debt requirements of the business, impressive operating profit margins for the ratings business (51 per cent), also make the stock a stable addition to one’s portfolio, despite a small cap status. With India’s corporate debt market in a nascent stage, corporate credit ratings will be the key medium to long-term revenue driver for rating agencies such as ICRA. With the focus of Indian companies turning back to domestic debt (post

2005 Income 40.75 Expenses 28.04 Op Profit 9.10 Net Profit 8.10 D% 35.00 EPS 9.20 BV 95.55

2007 46.49 22.60 17.19 16.10 45.00 16.10 142.34

2008 68.60 28.89 31.81 26.63 100.00 26.63 157.30

credit crisis), domestic debt funding will play a major role in India Inc’s capital raising plans over the next five years; spending related to the Five Year Plan may also expand debt raising. Estimates suggest that new issues in corporate debt have surged by 44% in the first quarter of 2009. The bad state of the equity markets may also prompt more companies to turn to debt, especially given the downward bias in interest rates. In addition to corporate bonds, state and local level entities (municipal bonds and state level bonds) are also expected to tap the market for funding requirements. The securitisation market also offers huge potential but is still in an early stage of development. ICRA has over past three years used its strong cash flows and domain expertise to expand its services offering beyond main bread and butter ratings business. Over the years, the company has expanded its operations into other areas to leverage its core competitiveness and diversify its cash flows. ICRA operates along with its three wholly owned subsidiaries viz. ICRA Management Consultancy Services (IMaCS), ICRA Techno Analytics (ICTEAS) and ICRA online. ICRA and its three subsidiaries together form the ICRA group of companies. A cash chest of about Rs.100 crore of cash plus investments (16% of MCap), provides opportunities for acquisitions expansion as well.

Alphageo e all know that India imports a lot of oil. And it causes a lot of pressure of the country's finances when the black gold becomes expensive. So, whats the easiest way out? To explore oil in our own country which is largely unexplored. But how does one start exploring oil. Well it all begins with seismic analysis of data collected about the land or sea bed where we want to explore for oil or other hydrocarbons. It thus appears that as India's search for energy security intensifies so does the prospects of a company which is in a business from where oil exploration work starts. Alphageo (India) Limited is the largest onshore integrated seismic service provider in the private sector and enjoys a market leadership in seismic survey. The company provides various services, including design and pre-planning of 2D and 3D surveys; seismic data acquisition in 2D and 3D; seismic data processing and reprocessing/special processing; seismic data interpretation; generation, evaluation and ranking of prospects. Alphageo also offers topographic surveys with GPS; digitization of hard copies of maps and third party quality checking for acquisition and processing. In 1990, Alphageo emerged as the first Indian private Company to commence seismic operations in India and is the only Indian geophysical company providing comprehensive

2006 38.60 19.66 13.61 12.28 40.00 13.95 104.94

Income Expenses Op Profit Net Profit D% EPS BV

2005 23.58 16.49 6.61 3.27 10.00 6.61 36.29

2006 24.27 12.66 11.21 4.22 10.00 8.54 43.69

2007 54.19 16.96 27.33 7.51 15.00 15.18 57.15

2008 81.90 42.01 39.56 12.65 15.00 24.70 92.83

services covering on land seismic data acquisition, processing and interpretation. Alphageo is India's oldest and largest private sector provider of seismic survey services to the rapidly growing oil exploration and production sector. It has grown from strength to strength and now is the only company in private sector providing the entire spectrum of seismic and related services including acquisition, processing and interpretation of seismic data. Alphageo has the distinction of having worked in the most difficult and varied terrains in India. From hills to plains and to desrts and seas. Seismic survey has been made mandatory by the government on all the oil blocks awarded through the New Exploration Licensing Policy (NELP). This would provide company with opportunities to increase its revenues and profits going forward.

18 Investment Monitor July 2009

Cover Story

Ga t e w a y Dis trip ark s ow do goods produced in distant nations reach the shop you go for buying? Well most of this transportation is through ships across even seas. And after it reaches our shores it is transported via inland freight containers. So if it so happens that you are waring a Nike t-shirt chances are it would have been shipped to the shop by one of Gateway Distriparks' containers. Gateway Distriparks provides port-related logistics support services for international trade imports and exports. The company has established four container freight station (CFS) facilities at JNPT (Mumbai), Chennai, Vishakhapatnam and Kochi, and two inland container depot (ICD) at Garhi, Haryana and Sahnewal, Ludhiana. It plans to have a network of CFSs and ICDs covering northern, western, and southern India, with a rail link connecting western and northern India.

Gateway Distriparks commands a market share of about 22% in the JNPT CFS, Indiaâ&#x20AC;&#x2122;s largest container handling port. The economic slowdown is a bad news for the company. With pressure on various port volumes, realizations are expected to drop going forward significantly impacting companyâ&#x20AC;&#x2122;s profitability. The container train business is also expected to have back ended profitability on account of itâ&#x20AC;&#x2122;s capital intensive nature and long gestation period. However, the company is performing well and is getting ready for the next cycle of upturn. Gateway Distriparks has scaled-up its rail operation from seven rakes in FY08 to 15 rakes in FY09. On an average, the company operated 11.5 rakes in FY09 which is likely to go up to 16 in FY10 and 20 in FY11. Besides increasing the number of rakes under oper-

Geode sic he term "geodesic" comes from the word "geodesy". Geodesy is the science of measuring the size and shape of the earth. In its original sense, a geodesic is the shortest route between two points on the surface of the earth, namely, a segment of a great circle. This very well reflects what the company does- bringing people together in shortest possible time across the globe. Geodesic operates in a niche area of developing various innovative products in the information, communication and entertainment space. Geodesic's product list is versatile and all-encompassing when it comes to offering choice of communication and collaboration solutions to its users, whether it is the inherently simple hand held Simputer to web based mobile & wireless applications to the intricately complex Spyder applications. Geodesic derives most of its revenues from developing instant messaging platforms/services and licensing them to enterprises as well as retail users (directly or indirectly) under the 'Mundu' brand. The company's products (cater to clients ranging from portals and publishers to telecom operators, mobile handset manufacturers, system integrators and even retail consumers. Geodesic also licenses its instant messaging platform to mobile handset manufacturers and telecom operators, thus providing it with sustainable revenue streams, with scope for expanding margins. Instant messaging is a rapidly expanding mode of real-time communication across the world. The global messaging market, which was $65 billion

2005 Income 94.84 Expenses 41.90 Op Profit 51.76 Net Profit 34.75 D% 0.00 EPS 4.63 BV 22.10

2006 141.71 47.90 82.15 72.62 0.00 7.88 62.39

2007 160.14 58.89 77.56 77.32 0.00 8.37 66.94

2008 175.57 77.33 91.69 75.21 0.00 6.51 56.05

ations, the company is focusing on developing its Inland Container Depots (ICD). Garhi Harsaru and Ludhiana are currently operational, while Faridabad is likely to be operational in the current fiscal. Despite making profits of Rs.140 crore at the EBITDA level on account of high interest and depreciation of Rs.38.7 crore, the rail business made a loss of Rs.25 crore at the PAT level. With the scale-up of the business, one can expect operating leverage to kick-in thereby, resulting in cash profits in the coming years. Gateway Distriprks continues to focus on domestic segment for container traffic growth in its container train business. The company expects that, with train operators increasing their services and providing last mile connectivity, there will be a shift in volumes from the traditional roadways to transportation of goods by railways which is about 30% cheaper as compared to road transportation. The current market share for railways is nearly 35%, which is expected to increase to 55% in the coming few years. This is a long gestation stock. It might not give you fabulous returns in the coming 1-2 years but if held for a longer time period this stock is likely to fetch you a handsome return. 2005 Income 0.00 Expenses 0.00 Op Profit 0.00 Net Profit 0.00 D% 0.00 EPS 0.00 BV 0.00

2006 94.58 35.21 57.04 41.68 20.00 7.10 34.37

2007 167.63 50.73 114.36 94.34 20.00 15.93 50.84

2008 264.65 98.80 156.66 110.39 30.00 11.97 17.68

in 2007, is predicted to touch $117 billion by 2012 according to Portio Research. A more recent report also states that Mobile Instant Messaging, which generated $2.5 billion in 2008, is expected to increase to $12.4 billion by 2013. For its enterprise and portals and publishing clients, Geodesic charges a license fee, a customisation fee, annuity based service charges and charges for upgrades and updates. For retail customers, it charges a fee based on subscription. This model clearly provides a sustainable revenue stream. The company has also launched its messaging services in Nokia and Sony Ericsson smart phone handsets and has an agreement with players such as BenQ. Mio Digi-walker, a key player in the mobile GPS navigation space, is another client. The company also recently joined the Blackberry ISV alliance to offer its services on smart phones. This should provide further revenue opportunities.

19 Investment Monitor July 2009

Cover Story The client base for Geodesic also includes portals such as reader/writer which can be used for identification, sharing Naukri, bigadda.com, Edelweiss Capital Ltd, First Global and security. Stock Broking, Business Standard and Dialog Telekom. As The company has also forayed into publishing by acquiring players constantly upgrade their Web sites and offers more the Chandamama children's magazine brand. The subscripcutting edge services. This client base offers long-term rev- tions have doubled in the last two years after the acquisition. enue visibility for Geodesic. With its Telugu, Hindi and Tamil versions available online, Agreement with ITI Ltd to promote Geodesic's products this may help capture regional audience as well. An increased (such as its Amada 10k Simputer) to cater to various State subscription may lead to increased ad revenues. Geodesic Government E-Governance projects in India and with truly remain a company of the future. In an age of converGlodyne Technoserve as part of Glodyne's solution for Public gence and digitisation the company is well poised for growth. Distribution System for various States in India have also been recently signed. The Simputer has an integrated Smart card 2005 2006 2007 2008 Income 657.11 676.18 788.92 853.77 Rallis India Expenses 576.89 568.43 603.87 716.24 India was considered a land of farmers. Though that image Op Profit 56.30 36.47 88.67 133.29 has been diluted the largest section of our populace still Net Profit 42.52 58.11 125.19 71.29 depend on agriculture or agri related businesses. There is an D% 40.00 80.00 160.00 160.00 increasing realisation to look at the fortune at bottom of the EPS 29.97 42.98 98.96 53.98 pyramid as our villages' income has increased. BV 73.10 103.27 183.18 217.51 Rallis India, majority-owned by the Tata Group, is an interTaqat. New products now account for almost 30% of Rallis's esting play on the domestic agricultural demand. Along with turnover. agrochemicals, the company is increasingly moving into other segments of the agricultural chain in India - namely Rallis boasts of a large and diversified manufacturing base seeds, bio-nutrients and fertilisers. Rallis also co-markets with dedicated manufacturing units for different types of products from Bayer and Syngenta in the domestic market. products. Rallis has its manufacturing units located in the folOver the past few years, the company has been focusing on lowing four places across India, which mainly cater to the scaling up its generic exports business and is involved in the crop protections segment. With focus on contract manufacturing space for global the CRAMS segment, Rallis is also setting majors. up a multipurpose technical unit at Dahej in Gujarat. At Akola in Maharashtra, Over FY05-08, Rallis has undergone sigRallis is coming up with a dedicated fornificant restructuring in terms of focusmulations unit. Additionally, a new formuing on key areas of business, divestiture lations unit is proposed at Jammu. Rallis of legacy assets and significant product has one of the largest distributor networks rationalization. This has enabled Rallis to in India given the wide brand presence as dramatically turn the corner and tide over also owing to co-marketing alliances with a fairly troubled phase for the company. global majors. In the international marRallis had incurred substantial operating kets, the company has tied up with distriblosses over FY01-04, primarily due to its utors. The company currently has nearly diversification strategy which failed to 40,000 touch points and is pegged at no.2 deliver the desired results. Aided by capin the domestic crop protection market. ital infusion from Tatas the company's restructuring plans are now bearing Rallis has been operating in the domestic fruits. agrochemicals market for about a century and boasts of strong brand presence. The company focused on increasing Rallis operates under the Tata brand umbrella, which is a operational efficiency and expanding its international prestrusted name for Indian farmers. Rallis has been traditionally ence. Rallis optimised its product portfolio with focus on strong in the paddy and cotton segments, and is also focused launch of new products accompanied by consistent pruning on making in-roads into other segments such as maize, vegof the lesser profitable products. Over FY05-08, Rallis has etables and fruits. launched around 19 new products while it discontinued 8-10 older products every year. The portfolio currently has about The company is the rural face of Tata group. Its strong brand 35 products in the domestic market as against about 55 two image, lineage, products portfolio, focus on international years ago. The portfolio optimisation process has masked the markets and CRAM and possibility of scalability put in place strong underlying growth in the core focus portfolio. Rallis multiple growth drivers which would take the company to the has been successful with its new products - as reflected in the league of big boys in the years to come. success of the new launches like Ishaan, Applaud, Nova and 20 Investment Monitor July 2009

Cover Story

Panace a Biot ech Pharmaceutical companies are generally associated with large size and scale of operations. Small companies are merely restricted to contract manufacturing or research where margins are thin. It takes a lot of money to do Research & Development and then market the product and this is where size does matter. However, there are a few small companies in pharma space which have created a niche for themselves. They operate in a small segment with products which are popular with both doctors and patients. Panacea Biotech is one such progressive research based health management company involved in research, manufacturing and marketing of branded pharmaceutical formulations, vaccines and natural products. The product portfolio includes highly innovative prescription products in important therapeutic areas like pain management, diabetes & cardiovascular management, renal disease management, osteoporosis management, anti-tubercular, gastro-intestinal care products and vaccines. The Health Ministry is planning to phase-out multiple dosages DPT (Diphtheria, Pertussis and Tetanus) vaccines. DTP vaccine will be replaced with a single shot pentavalent combination vaccine in the national immunization program from mid to end of 2009. The process of replacing vaccines will start in a phased manner in 2009. The new pentavalent vaccine, which is a combination of five vaccines will provide protection from early childhood diseases such as Diphtheria, Pertussis and Tetanus and offer additional cover from Hepatitis B and Hib (influenza) infections. The Government will require 10 crore dosage of pentavalent vaccines annual-

Income Expenses Op Profit Net Profit D% EPS BV

Incorporated in 2000, Everonn Systems India Ltd is promoted by P Kishore, who was closely involved in implementing computer literacy projects in the Nilgiri district of Tamil Nadu since 1987. Everonn won its first contract for computer education in 332 schools in Tamil Nadu in 2000. Everonn is now a fully integrated knowledge management, education and training company offering a range of services including creating knowledge resources, designing and delivering learning and training programs and setting up infrastructure and delivery platform. Everonn functions through its two main Strategic Business Units (SBUs), i.e. Institutional

2006 542.75 414.97 121.80 60.94 100.00 9.96 28.09

2007 849.20 598.51 224.23 146.81 100.00 22.04 82.08

2008 849.06 625.87 205.17 133.17 100.00 19.97 104.54

ly which provides Rs.1000 crore plus business opportunity for existing pentavalent vaccine makers. Globally as many as 114 countries have already introduced pentavalent vaccines and India is only among a handful of countries using trivalent vaccines. The company has already supplied these vaccines to UNICEF. Vaccines in the offing are- Anthrax, Dengue, Japanese encephalitis and several others. Panacea has earned the distinction of being a WHO pre-qualified supplier of oral polio and Hepatitis-B vaccines and are in the process of obtaining similar pre-qualifications for other vaccines. Panacea is contributing in disease prevention and reducing the child mortality. The company has a strong focus on research and it continues to innovate and expand its product offering. It is also refining mode of delivery of its products. It was first Indian company to receive orders for pentavalent vaccine in liquid form. The company's strengths are R&D, strong drug pipeline, its sales and marketing channels and an experienced management. All these point to a great future for the company.

Ev er onn S y s t ems "Education is kindling of a flame, not the filling of a vessel", thus spoke Socrates more than two millenia ago. He couldn't have been truer. India and Indians have long remained a paradox. A country with high level of sophistication and achievements in higher studies but the country itself has a low literacy rate. With India becoming one of the prime centers of knowledge economy in the world, there is a dire need to improve our education infrastructure and make it more relevant at the primary level. Organised private initiatives are gaining momentum in India's lucrative education market. Despite regulatory ambiguity in some areas, exciting prospects lie ahead for firms that have already boarded the bus. Estimates indicate that annual private expenditure to the tune of US$40bn and a growth of 16% CAGR over five years.

2005 363.36 296.13 68.21 30.07 150.00 4.50 21.89

Income Expenses Op Profit Net Profit D% EPS BV

2005 19.43 9.02 10.41 1.51 25.00 8.82 77.71

2006 30.93 16.44 14.65 4.04 10.00 23.58 109.20

2007 43.04 24.94 18.09 4.08 0.00 3.97 35.51

2008 91.23 57.99 33.24 13.79 0.00 9.95 68.34

Education and Infrastructure Services (IE & IS) and Virtual and Technology Enabled Learning Solutions (ViTELS). Everonn redefined access to education by setting up Virtual and Interactive Learning classroom networks across India to deliver quality yet affordable education. Everonn transcended the seamless space by reaching out to the remotest nooks and corners of India and by developing and integrating content of universal standard for audience at schools, colleges, corporate and retail segments. In the past decade, Indian economy has steadily moved into a more Knowledge based economy (Service Sector) from an Agriculture based economy. In this context one thing that's has really been changing is the education system in India and add to this Government is also putting a higher thrust in improving the education system in India. Everonn is likely to be one of the key agents of this change.

21 Investment Monitor July 2009

Cover Story

In f o Edge If you ask anyone what is the preferred mode of job search today and the chances are the reply would be online search portals. And in India the website that is synonymous with job search is naukri.com. With increasing penetration of internet and the convenience it provides; internet would be the key mode of delivery of those services which can be easily done online. Info edge is already way ahead on any other competitor in this space. Info Edge operates India's leading online recruitment and classifieds portal Naukri.com, which was launched in 1997. The company was incorporated in 1995. In addition to online recruitment, it generates revenue through an executive search agency named Quadrangle, as well as a matrimony portal (Jeevansathi.com) and a property portal (99acres.com). It also has a recently launched education portal, Shiksha.com. The Company to address the middle east job market had launched www.naukrigulf.com. The company also launched a career counseling and guidance site (www.asknaukri.com), a professional networking site (www.brijj.com), a real estate brokerage business (www.allcheckdeals.com) and a fresher hiring site (www.firstnaukri.com). Info Edge has established and currently maintains a network of 60 offices located in 40 cities throughout India. These offices which primarily engage in sales, marketing and payment collection activities for our business divisions. To cater

2005 Income 44.06 Expenses 40.18 Op Profit 3.88 Net Profit 0.33 D% 0.00 EPS 0.00 BV 0.00

2006 91.52 59.87 31.65 13.28 7.50 6.08 11.04

2007 157.52 102.37 55.15 27.07 7.50 9.92 78.03

2008 245.06 154.39 90.67 55.49 7.50 20.33 97.60

to the Gulf market Info Edge has two offices in Dubai and one in Bahrain and Riyadh each. As on March 31, 2009, its employee strength was about 1,676 persons. The company undertakes investments in companies/start-up ventures. In the year 2007-08 the company committed to invest in Studyplaces Inc, USA (www.studyplaces.com). In the year 2008-09 the company committed to invest in Applect Learning Systems Pvt Limited (www.meritnation.com) and Etechaces Consulting and Marketing Pvt Limited (www.policybazaar.com). The company has a leadership position and has demonstrated that it has wherewithal to protect its turf. It is continuously innovating and evolving and is offering newer and more innovative services to its end users. The company is also scaling its services into newer geographies. This makes Info Edge one of the most promising companies in a business stream that is set for accelerated growth in years to come.

22 Investment Monitor July 2009

STOCK MARKET MONITOR

LEGEND

STOCK MARKET MONITOR In Stock Market Monitor we have covered over 1000 companies appropriately classified into various industries (109 in numbers). Each industry is given an unique code. The data aims to provide an insight into the financial health of the companies. The data of each industry is divided into 3 portions - Full year, Latest Quarter and Current data. This database is packed with powerful features like P/E Ratio, Market Cap., EPS, Sales, Net Profit. The fields that we have covered are explained below: * Year End - The first two digits show the year while the last 2 digits show the calendar month. E.g. 0903 shows March 2009 results. * Equity - The latest subscribed equity capital whether fully paid or not. This figure tallies with the one appearing in balance sheet of the company. * BV - The Book value per share is calculated by dividing the sum of equity and reserves (excluding revaluation reserve) by the number of equity shares. * RONW (%) - Return on net worth is the figure which appears in the annual report of the company. ROWN(%) = { ( Net Profit - Preference Dividend ) /(Equity paid up + Free Reserve excluding Revaluation Reserve)}* 100 * Net Sales - Sales figure are net of excise duty * PAT - Profit after tax is the net profit which is calculated without taking into account the income and expenditure of earlier years. It is before deducting dividend tax * PATM (%) - This is profit after tax as a percentage of sales. * Dividend (%) - It is the percentage of the dividend that is declared by the company during the year. * EPS - Earning per share is calculated by reducing the net profit by Preference Dividend and Dividend Tax and then dividing it by no of equity shares. * Market Cap. - Market Capitalization is calculated by multiplying the number of equity shares by the current market price. * PBIDT - This is the Profit before taking into account interest, depreciation and tax. * PBIDT Margin (%) - This is profit before interest, depreciation and tax (PBIDT) as percent age of sales. * CMP - Current market price is the closing price as on the particular day. * 52 Week high/low prices - The high and low range is taken for the market price of the last 52 weeks data. * P/E Ratio - Price earning ratio is the market price divided by the Earning per share (EPS). * The selected companies are having Market Cap greater than Rs. 10 Crores.

* Data Source: Capital Line

Investment Monitor July 2009

STOCK MARKET MONITOR

Stock Market Monitor FULL YEAR Company Name

Agro Chemicals Bayer Crop Sci. Dhanuka Agritech Excel Crop Care Meghmani Organ. Monsanto India Nag. Agrichem Rallis India United Phosp. Air Transport Service Jet Airways Kingfisher Air Alcoholic Beverages Balaji Distill. Indage Vintners Jagatjit Inds. Khoday India Radico Khaitan Shaw Wallace United Breweries United Spirits Auto Ancillaries Amtek Auto Amtek India Auto.Corp.of Goa Automotive Axles Banco Products Bosch Denso India Exide Inds Fag Bearings Federal-Mogul Go Halonix Minda Inds. Motherson Sumi Munjal Showa NRB Bearings Perfect Circle I Rico Auto Inds Setco Automotive SKF India Sona Koyo Steer. Subros Sundaram Clayton Timken India Wheels India Z F Steering Automobile Ashok Leyland Daewoo Motors Eicher Motors Escorts Force Motors Hero Honda Motor Hind.Motors HMT M&M Mah. Scooters Maruti Suzuki Swaraj Mazda Tata Motors TVS Motor Co. VST Till. Tract. Banks Allahabad Bank Andhra Bank Axis Bank Bank of Baroda Bank of India Bank of Maha Bank of Rajasth. Canara Bank Central Bank City Union Bank Corporation Bank DCB Dena Bank Dhanalaksh.Bank Federal Bank HDFC Bank IOB ICICI Bank IDBI Bank Indian Bank IndusInd Bank ING Vysya Bank J & K Bank Karnataka Bank Karur Vysya Bank Kotak Mah. Bank Lak. Vilas Bank Oriental Bank Punjab Natl Bank

Year Equity RONW Net Ended Rs. Cr % Sales

1162.92 248.21 509.27 596.39 363.62 416.35 833.92 1478.96

LATEST QUARTER

Net PAT Sales% Growth

58.54 23.85 25.92 26.38 17.73 17.26 24.25 10.25

49.10 16.92 23.42 37.60 100.16 25.74 71.29 91.91

93.53 56.00 107.85 16.02 308.35 74.23 217.59 77.54

Qtr. End

0803 0803 0803 0803 0803 0803 0903 0803

39.50 9.18 5.50 25.43 8.63 14.90 11.98 43.93

12.93 40.26 21.08 10.89 19.55 25.32 26.94 5.50

0803 0803

86.33 135.80

-28.91 8852.15 26.37 -253.06 214.50 0903 0.00 1441.39 -11.14 -188.14 13.90 0812

0803 0803 0803 0803 0803 0803 0803 0803

53.02 14.58 51.94 37.59 20.49 48.01 21.60 100.16

-1.13 18.94 7.66 8.64 10.32 32.54 16.31 18.61

1208.39 181.75 559.07 120.82 802.68 189.85 1367.31 3137.36

21.68 46.57 23.10 17.12 36.95 37.38 30.69 14.46

106.06 39.90 17.62 8.35 33.07 66.38 62.47 311.28

-52.08 185.14 45.91 26.82 22.46 38.02 16.87 200.61

0806 0806 0803 0809 0803 0812 0803 0803 0812 0812 0803 0803 0803 0803 0803 0803 0803 0803 0812 0803 0803 0803 0812 0803 0803

28.20 22.43 6.42 15.11 14.20 32.02 27.88 80.00 16.62 55.63 28.02 10.51 35.56 8.00 9.69 3.33 12.56 8.82 52.73 19.39 12.00 9.48 63.72 9.87 9.07

10.23 11.80 26.26 37.75 38.01 19.54 16.16 30.95 26.65 0.00 37.06 20.41 31.17 12.97 19.63 0.00 5.97 34.82 21.45 16.00 17.61 7.31 19.59 15.32 27.98

1307.97 976.72 331.49 745.96 298.85 4601.82 465.64 3156.87 746.33 689.49 356.65 396.09 1303.10 709.38 320.22 76.97 708.71 143.56 1627.37 712.56 662.71 426.93 408.23 1130.21 222.59

17.11 30.08 -0.20 22.85 14.85 6.39 10.67 51.55 16.42 14.25 28.37 2.44 20.52 2.54 5.87 7.35 -8.01 11.28 3.82 17.80 2.44 -47.69 19.22 12.65 2.78

261.25 346.94 20.60 55.78 43.30 633.87 27.80 250.33 95.72 -6.89 48.00 15.73 128.19 19.32 33.51 -2.43 22.25 12.25 127.66 25.19 28.63 23.92 53.00 25.86 27.85

0803 0203 0812 0809 0803 0803 0803 0803 0803 0903 0803 0803 0803 0803 0803

133.03 511.18 28.09 90.71 13.18 39.94 161.26 760.35 239.07 11.43 144.50 10.49 385.54 23.75 5.76

23.48 0.00 10.55 0.18 -57.78 35.48 -33.08 0.00 24.20 4.30 22.67 29.78 27.68 3.90 23.20

7922.02 8.22 221.78 -74.48 690.60 -68.58 1992.30 -4.01 905.58 -7.24 10335.24 4.45 704.66 5.72 168.96 -25.08 11281.73 14.55 2.50 -7.41 17891.60 21.74 665.06 10.87 28529.40 4.94 3219.50 -16.48 188.58 16.21

0903 0903 0903 0903 0903 0803 0803 0803 0903 0903 0803 0803 0903 0903 0803 0903 0903 0903 0903 0903 0903 0803 0803 0903 0903 0803 0803 0903 0903

446.70 485.00 359.01 365.53 525.91 430.52 134.46 410.00 404.14 32.00 143.44 174.30 286.82 64.12 171.03 425.38 544.80 1113.29 724.78 429.77 355.19 102.47 48.49 121.58 53.95 344.67 48.77 250.54 315.30

16.49 18.94 19.13 18.65 29.18 18.86 24.10 19.08 15.27 19.89 18.39 4.08 24.05 19.26 13.59 16.91 24.80 7.83 12.06 24.09 13.27 12.98 16.68 18.10 18.57 11.37 5.64 14.81 25.84

7364.73 19.34 5374.62 27.68 10835.49 54.68 15091.58 27.75 16347.36 32.31 3540.58 30.07 1049.44 38.46 14200.74 24.96 10455.19 32.61 804.40 34.98 4516.55 34.40 574.11 65.48 3447.50 28.84 408.42 30.70 2515.44 39.63 16332.26 61.47 9641.40 24.59 31092.55 0.99 11631.63 44.66 6830.33 31.03 2309.47 22.80 1680.44 32.57 2434.23 28.16 1917.40 22.87 1446.09 30.70 2535.36 92.20 506.06 20.99 8856.47 29.72 19326.16 35.48

283.82 92.99 113.86 159.89 5.94 143.68 173.67 561.86

36.37 71.00 -6.12 -7.57 -87.82 59.89 20.33 33.84

6.62 5.14 5.11 11.05 -26.74 11.09 9.90 25.85

CURRENT DATA

PAT TTM CAGR Grwth( %) Eps Sales%

CMP Rs.

-218.85 51.62 52.99 0.91 -330.12 329.85 25.79 -56.59

52W high

52W Low

Latest PE

M. Cap.

Promter holding(%)

23.39 25.28 29.14 1.99 116.19 33.07 54.63 2.58

15.04 56.71 14.73 24.13 4.45 34.11 11.26 75.33

292.15 185.05 133.75 12.00 1588.20 123.70 564.35 147.45

355.00 210.00 188.00 21.15 2115.00 172.00 705.00 185.00

180.20 128.80 60.50 5.19 1080.00 49.25 280.00 65.13

12.35 7.32 5.29 4.43 18.64 3.74 11.00 43.75

1153.99 169.88 147.13 305.16 1370.62 184.31 676.09 6481.16

71.11 89.91 19.31 48.90 72.15 78.29 45.20 27.98

2263.37 -15.78 52.99 -123.96 1447.83 155.07 -413.39 116.60

22.75 0.00

25.22 127.97

225.30 49.45

567.00 96.20

115.25 22.00

0.00 0.00

1945.01 1314.92

80.00 66.27

0812 0812 0812 0903 0812 0903 0903 0903

165.35 80.44 161.66 29.79 168.09 63.77 463.58 907.80

32.04 5.27 4.96 -9.18 10.97 54.78 20.89 19.61

-10.83 9.15 -6.02 0.35 -6.80 3.56 32.90 55.62

-119.55 -51.38 -239.03 600.00 -158.72 -82.54 68.03 -14.58

8.70 22.42 0.99 0.26 1.27 2.41 2.09 29.66

19.28 53.67 10.24 0.25 24.29 5.20 28.17 26.14

23.80 89.45 59.00 55.30 75.10 189.45 114.05 831.00

36.75 485.00 77.95 119.40 108.90 310.00 202.00 1415.50

13.90 39.40 34.50 21.00 49.35 97.20 67.75 425.65

0.00 4.32 0.00 0.00 38.91 86.90 44.03 28.00

126.19 136.59 306.45 208.20 769.40 909.55 2737.20 8323.30

33.44 28.08 44.57 89.54 48.68 75.00 74.98 36.57

165.24 126.82 186.42 112.44 19.08 966.72 65.18 12.37 242.27 53.41 50.57 59.08 11.26 38.49 37.28 8.51 21.45 45.14 122.35 18.72 29.01 126.12 46.61 180.02 120.32

0903 0903 0903 0903 0903 0903 0903 0903 0903 0903 0812 0903 0812 0903 0903 0709 0812 0903 0903 0903 0903 0903 0903 0812 0903

243.17 181.80 46.66 56.18 60.07 991.69 152.74 798.34 182.65 153.83 114.96 108.87 291.92 219.49 66.30 18.29 160.91 45.07 315.84 193.55 215.43 112.90 84.46 213.55 33.01

-26.88 -28.46 -59.36 -73.26 -26.01 -17.71 17.52 0.88 6.52 -13.28 20.03 14.04 -6.71 14.15 -19.99 -2.66 -8.48 0.13 -19.45 -0.40 14.74 -2.91 -9.55 -26.33 -50.85

22.53 10.87 1.14 -0.04 10.60 49.38 7.06 68.20 13.92 8.79 0.52 7.11 11.52 9.67 2.52 -0.89 -1.54 3.79 14.51 -4.83 0.78 -4.82 8.00 -3.31 0.49

-62.23 -67.08 -87.00 -100.28 -29.29 -69.47 -12.30 8.56 -30.99 99.77 -96.34 58.35 -51.49 150.52 -71.30 -73.98 -161.11 23.86 -61.57 -535.14 -91.21 -180.33 -29.52 -140.66 -93.81

9.61 25.02 30.30 17.77 5.62 162.90 6.47 3.55 53.84 3.90 10.29 14.43 2.78 5.18 1.18 0.20 1.17 58.36 19.90 0.00 2.19 6.91 7.78 20.75 15.76

25.98 36.24 34.24 29.64 26.76 19.38 16.19 29.15 22.83 11.67 22.96 26.90 31.34 14.74 17.10 8.02 12.52 29.89 28.31 31.94 13.83 7.37 13.05 25.20 23.37

145.05 40.75 207.70 140.00 26.15 3129.30 51.00 66.90 420.00 51.45 65.10 144.65 67.75 41.30 45.95 34.00 18.25 135.00 228.40 10.58 27.50 119.40 84.10 164.00 126.25

264.10 103.00 267.50 319.50 39.00 4350.00 72.00 80.20 449.90 81.32 152.00 358.00 93.00 47.85 72.90 0.00 24.40 199.00 265.00 23.50 36.50 287.00 125.00 230.00 171.00

42.25 17.90 95.05 70.25 14.60 2675.05 27.50 34.55 216.10 27.60 36.25 81.50 38.00 19.00 27.90 0.00 7.10 100.00 121.40 5.35 13.76 53.55 49.60 95.25 72.00

14.53 7.01 7.60 7.83 4.65 19.00 7.88 18.85 7.24 0.00 5.88 10.02 31.37 7.99 52.22 0.00 33.80 6.84 11.54 0.00 12.50 41.75 10.80 9.43 8.01

2045.21 457.01 133.34 211.54 185.67 9907.36 142.19 5352.00 698.04 286.22 182.41 152.03 2408.51 165.20 222.63 113.22 229.22 119.07 1204.35 210.22 165.00 226.38 535.97 161.87 114.64

34.25 34.42 48.68 71.04 66.44 70.59 73.47 48.87 51.33 74.98 66.06 70.71 71.06 65.01 73.75 88.62 46.24 64.77 53.58 52.66 40.01 80.00 80.02 85.70 73.09

469.31 -325.19 39.00 11.87 -83.65 967.88 30.84 -44.67 1103.37 10.90 1730.80 25.20 2028.92 31.77 14.40

15.99 1.51 171.20 81.16 78.12 149.54 7.58 4.97 181.44 174.51 291.19 89.20 202.68 34.59 117.33

0903 0212 0903 0903 0812 0903 0903 0812 0903 0903 0903 0903 0903 0812 0812

1218.12 4.76 88.95 481.64 135.55 3411.84 127.94 29.70 3619.18 0.79 6334.37 134.15 6588.17 852.82 69.55

-52.52 -86.63 -86.39 -6.60 -42.94 22.35 -30.85 -17.98 15.18 -21.78 32.41 -22.60 -24.70 -2.59 54.80

53.31 -55.76 6.16 7.82 201.01 402.17 -25.28 -17.25 418.07 -1.43 243.13 3.09 591.42 -0.96 8.13

-70.48 -2.30 -68.35 -19.21 -996.17 34.64 -330.87 9.52 89.09 -27.41 -18.33 -53.88 10.28 -116.47 138.42

1.45 0.00 16.07 1.94 152.52 64.18 0.68 0.00 31.49 11.77 42.18 14.54 28.69 1.01 40.68

23.50 -19.77 -12.72 20.84 5.28 15.18 -4.53 0.77 24.91 -40.24 20.03 12.46 26.40 3.55 22.60

29.60 6.71 308.00 60.05 98.00 1468.40 20.35 63.55 709.30 142.00 1062.45 220.05 333.60 44.60 255.35

38.20 0.00 321.40 91.40 147.00 1550.10 30.10 81.95 824.00 281.00 1120.00 335.00 479.71 54.35 278.70

12.45 0.00 135.25 30.65 54.50 630.15 9.10 21.90 235.50 50.15 428.40 102.00 122.00 14.90 88.00

19.47 0.00 25.39 21.60 0.00 22.88 0.00 0.00 23.02 21.85 25.19 48.26 31.09 45.98 6.28

3937.69 343.00 865.17 544.71 129.16 29323.95 327.98 4832.02 19776.70 162.31 30696.30 231.05 17156.71 1059.25 147.08

38.61 91.63 53.66 32.05 51.76 54.96 27.22 98.88 29.20 51.00 54.21 53.52 47.05 57.40 55.01

768.60 653.05 1815.36 2227.20 3007.35 328.39 115.20 1565.01 571.24 122.13 734.99 38.33 422.66 57.45 368.05 2244.94 1325.79 3758.13 858.54 1245.32 148.34 156.93 360.00 266.70 235.84 293.93 25.27 905.42 3090.88

111.45 75.20 284.49 351.15 224.08 41.01 39.38 202.33 86.26 20.65 294.79 35.80 67.95 66.20 229.16 344.31 109.06 444.92 102.69 127.52 40.19 139.18 470.37 128.89 250.26 102.58 85.64 257.54 416.74

0903 0903 0903 0903 0903 0903 0903 0903 0903 0903 0903 0903 0903 0903 0903 0903 0903 0903 0903 0903 0903 0903 0812 0903 0903 0903 0903 0903 0903

1915.11 1506.70 3039.22 4138.78 4493.10 1114.15 350.84 4653.88 2647.28 219.32 1706.39 139.89 895.79 114.91 865.74 4250.83 2511.50 7529.69 3262.21 1856.37 613.80 609.68 800.04 498.25 399.14 803.03 194.17 2348.11 5242.57

11.34 31.15 50.80 24.25 28.32 18.51 22.27 22.86 19.71 29.69 39.32 -19.66 22.67 38.16 20.71 43.79 22.11 -6.22 44.64 35.56 19.05 35.32 29.40 19.16 35.08 5.15 44.36 22.91 35.13

264.09 201.21 581.45 752.69 810.37 137.33 2.94 718.81 62.51 26.12 260.49 -91.31 111.17 22.25 114.17 630.88 322.37 743.76 313.67 394.08 50.52 49.13 120.67 83.14 83.82 102.57 19.98 195.82 865.57

55.80 61.94 60.89 172.28 7.04 145.28 -84.28 54.90 -50.86 -7.34 26.70 1101.45 0.16 135.95 11.00 33.91 5.37 -35.32 28.03 63.07 249.62 14.58 10.54 36.79 18.83 48.20 1918.18 -296.92 59.18

17.20 13.47 50.60 61.14 57.27 8.71 7.30 50.54 12.13 3.82 62.24 0.37 14.74 9.11 29.26 52.80 23.11 33.76 11.84 28.00 4.23 18.40 80.63 21.97 43.71 8.00 10.31 36.15 98.03

22.51 19.27 46.63 19.68 23.05 11.21 17.30 16.24 15.60 23.84 16.52 9.83 14.71 16.41 17.75 44.99 20.76 28.13 11.19 20.69 18.55 13.19 11.27 17.71 17.43 69.51 13.31 21.82 19.96

75.20 84.70 763.90 440.10 347.95 38.80 60.15 258.55 84.60 22.85 327.05 36.10 53.95 95.75 242.00 1540.20 82.20 726.90 105.35 131.80 81.00 169.35 497.40 134.15 286.50 620.75 79.00 182.70 648.55

90.90 98.00 849.00 464.30 354.75 46.70 79.00 297.20 89.90 32.50 332.00 59.50 64.80 118.35 269.00 1580.00 118.00 797.00 113.05 153.00 87.00 271.00 609.95 167.00 410.50 737.00 110.00 202.80 717.00

36.85 34.80 278.50 180.50 179.60 18.90 30.20 135.00 29.75 11.10 155.00 13.55 24.40 37.00 110.50 774.00 37.55 252.75 39.75 63.75 26.20 103.25 210.00 55.15 158.00 208.05 51.55 94.60 286.20

4.48 6.67 15.62 7.43 6.22 4.45 8.24 5.11 7.15 6.19 5.25 0.00 3.72 10.92 8.27 30.25 3.61 22.50 9.36 4.86 17.88 9.20 5.88 6.41 6.88 77.89 7.71 5.24 6.86

3359.18 4107.95 27482.07 16151.67 18273.29 1670.42 970.52 10600.55 3419.02 731.20 4691.21 629.22 1547.39 613.95 4138.93 65640.24 4478.26 80927.23 7635.56 5664.37 2875.50 1737.53 2411.40 1631.00 1545.67 21496.57 387.42 4577.37 20448.78

55.23 51.55 42.40 53.81 64.47 76.77 33.87 73.17 80.21 0.00 57.17 26.51 51.19 0.00 0.00 19.38 61.23 0.00 52.67 80.00 25.63 44.19 53.17 0.00 3.76 52.39 0.82 51.09 57.80

0812 0903 0903 0903 0903 0903 0903 0903

Net Net PAT Sales Sales%

Investment Monitor July 2009

STOCK MARKET MONITOR FULL YEAR Company Name

Year Equity RONW Net Ended Rs. Cr % Sales

SBT 0903 South Ind.Bank 0903 St Bk of Bikaner 0803 St Bk of India 0903 St Bk of Mysore 0903 Syndicate Bank 0803 UCO Bank 0903 Union Bank (I) 0903 United West.Bank 0503 Vijaya Bank 0903 Cables Bhagyanagar Indi 0803 Diamond Power 0803 Finolex Cables 0803 KEI Inds. 0803 Sterlite Tech 0803 Universal Cables 0803 Vindhya Telelink 0803 Capital Goods - Electrical Equipment ABB 0812 Alstom Projects 0803 Amara Raja Batt. 0803 Apar Inds. 0803 Areva T&D 0812 Asian Electronic 0803 BHEL 0803 Best & Crompton 0803 Bharat Bijlee 0903 Birla Power Sol. 0803 Crompton Greaves 0903 Easun Reyrolle 0803 Elpro Intl. 0803 EMCO 0803 Havells India 0803 Honda Siel Power 0803 Indo Tech 0803 Jyoti Structures 0803 Kalpataru Power 0803 Kirl. Electric 0803 Om Metals Infrap 0803 Suzlon Energy 0803 Techno Electric 0803 Transform & Rect 0903 V-Guard Indus 0803 Voltamp Trans 0803 ABG Infra 0803 Action Cons.Eqp. 0803 Ador Welding 0803 Alfa Laval (I) 0812 Atlanta 0803 Atlas Copco (I) 0812 Avery India 0803 BEML Ltd 0803 BGR Energy 0803 Carborundum Uni. 0803 CMI FPE Ltd 0803 Cummins India 0803 Disa India 0812 Dynamatic Tech. 0803 Eimco Elecon(I) 0803 Elecon Engg.Co 0803 Electrotherm(I) 0803 Elgi Equipment 0803 Engineers India 0803 Esab India 0812 GEE 0803 Graphite India 0803 Greaves Cotton 0806 Grindwell Norton 0812 Guj Apollo Inds 0803 HEG 0803 Hercules Hoists 0803 Hind.Dorr-Oliver 0803 Hind.Powerplus 0503 Ingersoll-Rand 0803 ION Exchange 0803 Kennametal India 0806 Kirl. Brothers 0803 Kirl. Oil Engine 0803 Kirl.Pneumatic 0803 KSB Pumps 0812 L G Balakrishnan 0903 Lanco Infratech 0803 Larsen & Toubro 0803 M & P Pumps 0812 Manugraph India 0803 McNally Bharat 0803 Nitin Fire Prote 0803 Orient Abrasives 0803 Praj Inds. 0903 Premier 0903 Rel. Indl. Infra 0803 Revathi Equipmnt 0803 Sanghvi Movers 0803 Shanthi Gears 0903 Shriram EPC 0803 Sulzer India 0812 Sunil Hitech 0803 Swaraj Engines 0803 Thermax 0803

LATEST QUARTER

Net PAT Sales% Growth

Qtr. End

Net Net PAT Sales Sales%

CURRENT DATA

PAT TTM CAGR Grwth( %) Eps Sales%

CMP Rs.

52W high

52W Low

Latest PE

M. Cap.

Promter holding(%)

50.00 113.01 50.00 634.88 36.00 521.97 549.36 505.12 29.89 433.52

30.64 16.04 18.71 17.05 22.10 24.05 21.13 27.24 0.00 11.86

4123.15 20.06 1686.92 30.64 3052.02 28.55 63788.43 30.31 3247.28 30.18 7906.31 30.90 8121.38 24.78 11889.38 29.03 486.62 5.16 5237.83 34.70

607.84 194.75 315.00 9121.23 336.91 848.07 557.71 1726.55 -98.64 262.48

449.98 0903 113.76 0903 3426.42 0903 912.73 0903 464.20 0903 74.05 0903 50.88 0903 139.66 0903 62.11 0606 53.47 0903

1072.52 17.59 473.00 32.11 940.89 14.01 17342.39 27.74 881.19 28.23 2512.07 17.69 2164.28 21.71 3289.70 29.52 132.31 5.28 1364.22 27.13

192.03 50.27 148.29 2742.31 49.85 206.64 102.56 465.06 -6.08 102.25

28.71 12.11 63.26 45.62 -40.61 63.66 19.27 -10.76 -58.47 474.44

74.62 16.32 80.69 143.80 93.70 17.49 7.41 34.19 0.00 7.82

18.83 19.90 16.24 15.93 25.17 22.42 21.27 21.36 3.01 21.97

454.25 87.75 385.00 1694.75 584.05 72.00 39.90 215.95 25.90 43.75

594.70 104.80 480.45 1935.00 785.55 100.00 48.00 240.80 0.00 50.00

176.10 42.70 168.00 894.00 294.05 37.65 22.10 96.10 0.00 19.85

3.80 5.26 4.90 12.12 6.36 4.24 4.01 6.50 0.00 7.44

2271.25 991.66 1925.00 107596.29 2102.58 3758.18 2191.95 10908.07 139.34 1896.65

75.00 0.00 75.00 59.41 92.33 66.47 63.59 55.43 0.01 53.87

14.90 17.57 30.59 12.16 32.23 23.13 11.82

18.08 48.39 14.56 24.25 21.30 10.62 1.27

199.95 486.68 1382.33 869.41 1683.89 487.72 206.58

37.41 43.55 88.93 43.52 100.72 17.26 2.86

29.36 71.80 41.94 34.06 82.81 72.52 191.66

0812 0812 0903 0903 0903 0903 0903

45.19 140.38 318.69 233.93 577.50 164.02 55.18

0.43 15.90 2.73 16.78 43.82 5.84 5.33

-95.42 19.37 -72.67 158.95 27.76 -2.18 -426.99

1.94 41.08 0.79 4.23 13.96 3.61 5.85

37.04 45.04 25.41 62.35 70.49 28.93 25.48

23.90 177.00 31.50 26.40 143.15 46.35 147.00

32.40 372.00 62.00 51.10 214.00 70.00 153.90

9.00 61.20 17.00 8.15 40.70 26.50 51.30

10.00 4.98 10.47 0.00 10.25 15.30 0.00

178.06 372.59 481.79 160.91 923.89 107.21 174.20

59.75 49.98 35.13 35.85 43.59 52.92 43.52

42.38 67.02 11.39 32.34 47.82 14.52 489.52 123.84 5.65 42.47 73.32 4.08 3.56 11.77 28.96 10.14 10.62 16.24 26.50 33.27 9.63 299.39 11.42 12.92 29.85 10.12 12.82 17.98 13.60 18.16 16.30 22.56 9.83 41.77 72.00 18.67 4.94 39.60 1.51 4.81 5.77 18.57 10.98 6.27 56.16 15.39 2.87 30.22 48.84 27.68 10.50 44.32 1.60 7.20 31.78 31.57 12.66 21.98 21.15 38.83 12.84 17.40 7.85 219.79 58.47 9.23 6.08 28.69 12.60 5.98 36.69 30.40 15.10 3.07 8.78 8.17 42.87 3.45 12.28 12.42 23.83

29.46 21.71 32.72 23.96 35.60 0.00 29.23 3.56 25.83 3.63 37.05 20.64 0.00 18.54 30.89 14.24 36.46 23.47 21.28 23.38 6.04 26.68 34.07 19.50 20.61 60.48 7.44 29.49 18.69 31.23 9.48 22.65 12.53 16.48 30.41 16.11 10.22 27.61 48.59 38.64 13.15 31.66 21.26 26.08 19.57 50.82 30.31 20.69 33.11 18.98 33.55 32.40 32.86 19.10 4.89 12.97 8.85 24.31 17.49 13.47 32.02 21.42 9.40 13.47 28.47 36.80 33.56 18.55 16.43 23.02 32.67 7.81 17.64 14.65 28.66 29.32 14.38 39.03 19.72 18.08 42.69

6837.03 15.29 1547.07 26.84 1080.29 81.75 1697.66 15.85 2641.09 31.63 215.97 -41.08 19492.05 12.54 89.54 -17.92 541.98 -3.70 217.40 -3.93 4658.66 19.20 185.34 38.91 27.13 -16.52 944.25 43.96 2051.64 33.04 250.56 8.73 198.94 22.06 1371.56 41.17 1737.58 13.99 727.78 23.06 74.05 -18.80 6926.01 28.73 429.56 21.81 480.70 38.32 299.44 27.86 555.30 36.84 106.64 61.14 401.16 63.56 269.73 -1.91 799.88 15.54 108.56 -35.24 1271.44 30.95 73.09 12.74 2525.90 4.10 1504.83 94.14 586.91 26.46 327.80 -35.87 2350.67 26.37 85.93 -7.97 273.16 146.02 116.02 21.26 847.73 14.08 1325.36 82.86 451.41 19.24 721.87 26.62 423.23 23.61 73.27 85.21 1064.08 29.12 1149.95 8.14 502.12 13.90 172.38 18.43 946.89 16.13 90.66 2.16 305.07 46.31 216.18 3.03 486.96 -17.98 475.06 16.35 388.13 9.83 1521.67 13.84 2155.18 14.55 398.66 12.76 463.71 14.21 507.60 -7.69 1574.55 193.87 24876.25 41.34 254.26 39.80 428.53 15.10 547.96 8.85 36.27 30.28 230.53 22.72 771.88 10.01 129.33 21.33 67.26 20.28 118.46 34.92 254.32 42.37 244.14 21.25 646.30 118.56 124.74 54.11 306.31 111.54 125.30 -2.88 3160.00 52.79

547.41 73.31 94.36 85.47 226.32 -154.11 2859.34 5.83 47.53 5.53 397.09 21.81 -17.14 64.45 143.54 24.73 39.02 72.41 149.95 23.67 18.07 1265.71 49.06 44.12 37.42 79.90 73.55 36.28 22.56 90.17 14.52 83.74 5.71 225.65 84.44 97.17 8.30 280.69 11.97 18.58 13.33 67.21 62.33 39.52 194.60 61.18 3.37 133.65 110.16 55.01 37.37 146.36 18.36 22.64 5.78 280.54 10.65 54.43 110.14 118.95 29.84 47.08 39.14 200.17 2173.42 12.96 61.90 22.40 9.35 19.47 129.75 13.61 21.79 21.95 72.75 44.16 35.40 15.48 21.01 14.36 280.78

99.32 51.27 58.49 85.33 30.27 73.09 220.10 8.43 353.08 44.18 33.48 78.66 43.15 63.98 112.06 180.98 115.63 42.02 289.52 32.60 34.01 46.34 30.02 189.33 39.48 162.72 189.87 15.24 92.35 169.19 92.39 180.10 49.27 408.36 65.46 37.39 171.58 55.74 202.78 133.39 184.66 25.49 336.74 26.62 205.14 89.03 11.58 46.19 75.93 54.98 89.17 119.08 394.06 35.71 38.10 222.47 100.12 114.25 62.19 47.13 80.35 167.39 17.87 72.48 325.95 45.18 68.50 45.95 73.03 15.19 24.17 59.63 86.97 383.65 69.16 24.76 79.16 168.38 127.57 66.80 61.78

0903 0903 0903 0812 0903 0812 0903 0903 0903 0903 0903 0812 0812 0903 0812 0903 0903 0903 0903 0812 0812 0812 0903 0903 0903 0903 0812 0903 0903 0903 0812 0903 0903 0812 0903 0903 0903 0903 0903 0812 0903 0903 0903 0903 0903 0903 0812 0812 0903 0903 0903 0903 0903 0903 0503 0903 0903 0903 0903 0903 0903 0903 0903 0903 0903 0809 0903 0903 0903 0812 0903 0903 0903 0903 0903 0903 0903 0903 0812 0903 0903

1393.14 -9.26 807.69 58.09 330.24 8.39 630.31 33.29 845.00 66.87 54.60 -43.76 10540.07 46.35 18.32 -65.28 148.17 -25.67 52.63 -11.65 1361.83 17.45 33.36 -20.13 3.02 -53.11 374.32 9.39 486.04 -9.08 37.29 -55.47 32.22 -31.48 469.93 14.60 557.96 -11.03 169.63 -11.83 23.92 52.16 1501.67 -9.26 117.12 -20.91 133.08 24.27 85.15 4.49 166.55 23.24 42.74 56.56 76.97 -37.05 70.19 -16.77 199.03 19.89 31.06 101.43 280.99 8.28 19.77 -12.95 632.85 1.72 718.26 24.14 162.28 -1.61 76.63 36.89 1027.68 53.39 16.15 -31.83 59.98 96.40 51.39 39.00 288.53 -12.16 478.48 11.60 117.61 -6.42 407.56 67.84 105.06 4.38 28.62 44.18 267.91 -3.36 262.03 -22.77 114.32 -2.86 31.39 -37.01 253.65 9.74 16.60 -34.80 187.64 77.77 46.02 -20.48 99.52 -10.48 116.48 -23.87 61.08 -34.90 645.80 13.50 475.67 -20.20 158.15 -6.92 134.18 1.58 124.37 -20.35 1854.36 181.65 10468.98 23.65 68.61 40.08 61.39 -50.30 535.57 161.18 10.74 19.07 68.39 16.35 208.59 -1.90 38.42 56.50 18.28 -3.38 20.38 -58.43 94.01 18.64 69.10 1.87 358.57 4.55 34.72 -13.67 147.52 86.50 49.57 39.48 923.60 1.60

78.37 26.19 28.05 -1.02 51.40 1.62 1347.47 -14.12 14.07 0.82 130.88 0.86 -3.71 23.55 11.36 0.00 2.01 21.02 23.13 5.25 10.45 -390.93 19.48 12.85 5.82 30.20 4.50 0.97 0.16 24.11 -1.14 14.46 2.92 58.74 46.97 7.68 32.35 118.18 1.69 -1.72 6.47 16.98 14.83 9.72 158.82 16.33 0.20 29.31 14.37 11.88 4.98 24.13 3.07 8.65 0.97 13.25 4.25 2.00 47.31 49.05 16.92 13.52 -0.56 119.38 998.52 4.43 1.05 15.79 1.24 6.75 27.52 1.53 6.46 0.17 25.60 13.92 18.51 5.50 -6.45 5.71 94.33

-33.41 1646.00 7.14 -107.44 -5.01 -94.57 21.30 -199.58 -54.90 -20.39 26.98 -83.46 -6.08 -18.17 -69.30 -100.00 -79.17 9.14 -54.02 -22.57 227.59 -215.60 -5.57 -3.24 62.12 39.62 -30.45 -90.17 -98.14 8.90 -115.94 -42.04 -15.85 -0.84 47.24 -68.98 8194.87 56.32 -55.76 -169.35 47.38 -26.11 -14.87 -4.71 180.20 5.97 -85.19 2.52 -52.82 -5.56 -79.69 -32.99 -34.68 -8.76 -61.81 -42.09 -35.70 -84.87 -10.16 35.61 -15.44 4.97 -113.83 8.54 3.29 75.79 -93.92 123.34 -39.51 33.40 -53.09 -83.09 0.47 -98.56 7.93 17.07 -4.83 -12.42 -227.72 33.10 17.14

23.98 20.12 9.66 12.39 9.35 2.48 64.11 7.52 84.13 0.11 10.83 6.10 0.00 9.02 23.38 15.42 36.70 9.81 35.63 4.33 2.37 3.92 10.93 34.14 5.81 113.48 9.24 9.30 8.94 50.74 6.13 32.46 6.58 55.89 15.98 6.39 2.59 21.90 65.18 26.88 26.40 6.19 46.24 6.33 61.33 40.35 1.97 9.62 14.17 9.82 15.13 24.35 11.99 8.38 1.79 21.29 3.86 18.12 6.75 5.91 32.49 37.56 5.06 12.54 59.50 13.71 11.81 10.31 12.04 5.26 7.08 4.56 14.89 11.77 23.34 5.39 9.26 76.04 18.05 17.13 24.12

36.02 21.45 44.33 25.61 36.59 20.03 22.94 51.23 21.93 26.25 22.40 38.17 -8.46 48.87 52.05 8.11 41.35 37.90 46.08 70.82 19.57 83.49 52.47 52.66 22.04 52.52 13.57 89.06 12.20 16.29 20.49 34.02 6.64 10.01 64.96 18.84 13.65 22.86 44.97 43.01 7.17 38.78 112.48 15.31 3.76 25.65 52.24 24.67 16.74 17.46 14.01 13.60 31.52 34.88 5.59 2.18 21.74 6.82 26.28 20.10 15.74 15.16 13.41 56.64 21.43 32.47 30.28 35.95 2.22 16.58 48.94 30.64 -2.06 18.41 57.61 34.11 94.56 24.26 69.17 9.98 43.87

737.50 458.85 89.05 120.90 315.45 44.25 2095.50 17.35 862.60 3.68 272.10 69.95 550.15 70.90 261.10 164.25 277.80 122.70 722.70 45.45 16.10 108.85 134.00 279.10 66.20 732.25 169.60 27.35 125.35 881.80 67.30 628.50 125.60 908.75 304.85 123.85 310.55 260.35 1640.00 855.35 258.00 68.30 198.30 48.45 922.60 418.50 60.00 40.25 117.25 99.15 116.90 183.00 171.20 86.95 105.40 290.95 100.40 176.65 136.90 72.00 380.00 379.60 14.20 339.80 1510.40 246.90 44.75 109.10 282.95 39.00 93.45 65.70 1010.25 520.10 173.60 46.25 155.95 702.80 148.30 263.25 395.40

947.00 530.00 113.33 180.00 386.00 109.45 2385.50 44.55 1758.00 5.49 311.50 146.00 630.00 163.00 423.95 227.75 419.00 174.00 875.00 147.90 33.80 252.80 180.30 396.90 79.20 960.00 357.00 87.50 158.60 1025.00 209.75 1225.00 132.00 968.00 392.00 142.00 543.00 330.80 1825.00 1374.00 375.15 128.30 390.00 60.75 1067.45 454.30 79.00 65.00 195.00 133.00 144.70 293.75 329.00 113.80 0.00 428.80 163.00 278.55 211.00 101.50 428.90 459.95 19.90 449.40 1800.00 250.00 99.50 148.00 366.90 45.90 206.00 113.85 1287.00 1042.90 254.40 80.85 272.00 959.80 225.00 276.75 530.00

344.00 191.00 30.50 62.00 130.00 17.00 984.10 8.41 301.00 0.82 99.70 31.10 233.10 26.00 100.00 118.05 160.20 32.50 222.00 19.00 5.67 33.05 48.00 102.60 36.50 265.00 82.00 8.60 77.00 641.00 30.75 335.05 45.90 280.00 107.00 74.90 160.00 148.20 1200.05 324.10 99.10 23.85 76.00 26.75 300.00 195.00 25.00 20.55 50.10 70.05 49.00 94.00 71.55 24.00 0.00 200.15 55.00 125.00 59.00 30.00 115.45 175.00 7.15 83.10 557.00 90.00 24.50 28.80 115.00 13.05 45.10 23.40 231.05 330.00 59.65 24.05 77.00 440.00 49.25 77.80 150.50

30.87 22.79 7.48 6.91 31.14 0.00 32.69 3.94 10.86 52.57 26.09 11.66 0.00 7.84 11.59 10.14 7.30 12.58 20.32 12.42 6.79 14.93 11.98 8.32 11.39 6.45 3.21 10.81 14.02 17.38 11.45 19.36 19.12 17.57 21.95 29.35 57.19 12.27 25.14 26.10 9.77 11.03 4.48 9.54 15.04 10.37 32.43 4.21 9.08 10.11 8.65 4.22 14.29 10.38 57.60 13.43 33.58 9.80 21.59 12.52 11.70 10.10 8.93 28.53 32.13 17.64 3.79 10.29 25.42 7.09 13.35 15.87 67.89 44.23 7.44 8.93 16.91 9.24 6.52 16.18 16.48

15627.63 3075.21 760.49 390.87 7542.41 132.22 102578.91 214.86 487.37 156.25 9973.83 145.15 219.51 416.89 1570.78 166.55 295.02 1003.07 1915.16 229.61 155.04 16309.00 765.14 360.60 197.61 741.04 217.43 245.88 170.48 1601.35 109.70 1417.90 123.59 3784.03 2194.92 1156.14 153.41 5154.93 247.64 462.74 148.87 634.17 227.45 378.88 5181.32 644.07 113.40 608.18 572.65 548.89 184.12 783.42 273.92 313.02 334.96 918.53 127.41 388.28 1447.72 1397.88 487.92 660.50 111.47 7555.79 88547.20 227.89 136.04 339.19 356.52 233.22 1714.34 199.73 1525.48 159.67 751.69 377.86 677.13 242.47 182.11 326.96 4711.19

52.11 66.48 52.06 62.07 72.18 32.15 67.72 65.60 35.49 13.40 41.17 26.83 59.12 33.41 60.14 67.67 54.35 26.83 63.68 49.49 69.61 65.83 54.97 76.82 68.12 51.73 60.58 65.69 55.97 88.77 68.59 83.77 78.28 54.03 81.31 43.11 75.04 51.00 74.27 53.66 74.05 45.63 33.57 32.64 90.40 55.56 60.08 53.15 52.03 70.75 46.92 51.48 69.53 55.00 92.00 74.00 40.04 88.16 62.32 60.79 55.85 66.82 46.16 73.57 0.00 90.17 57.02 32.30 70.05 53.45 23.03 39.50 45.43 64.23 44.50 44.70 42.58 80.10 53.20 50.62 61.98

-16.14 271.09 33.47 44.65 39.79 29.56 316.91

-30.22 10.57 -23.40 -9.29 6.23 25.07 -29.67

Investment Monitor July 2009

STOCK MARKET MONITOR FULL YEAR Company Name

TIL TRF UB Engg. Walchan. Inds. Wendt India Castings, Forgings & Fastners Ahmednagar Forg Bharat Forge Electrost.Cast. Hinduja Foundrie Jayaswal Neco Ramkrishna Forg. Sundram Fasten. Cement ACC Ambuja Cem. Andhra Cements Bheema Cements Binani Cement Birla Corpn. Chettinad Cement Dalmia Cement Deccan Cements Guj. Sidhee Cem. Heidelberg Cem. India Cements JK Lakshmi KCP Madras Cement Mangalam Cement NCL Inds. OCL India Prism Cement Rain Commodities Sagar Cements Sanghi Inds. Saurashtra Cem. Sh. Digvijay Cem Shiva Cement Shree Cement Everest Inds. Hyd.Industries Indian Hume Pipe Ramco Inds. Visaka Inds. HSIL Kajaria Ceramics Nitco Restile Ceramics Chemicals Aarti Inds. Aditya Bir.Chem. Andhra Petrochem Atul BASF India BOC India Castrol India Ciba India Clariant Chemica Deepak Nitrite Elantas Beck Foseco India GHCL Godrej Inds Guj Alkalies Guj Flourochem Gulf Oil Corpn. Gwalior Chemical Hikal Hind.Organ.Chem. India Glycols IOL Chemicals Kanoria Chem. Natl. Peroxide Navin Fluorine NOCIL Phillips Carbon Pidilite Inds. Punjab Chemicals SI Group Solar Industries SRF Polymers Standard Inds. Sterling Biotech Tide Water Oil Computer Education Aptech Educomp Solution NIIT Construction Ansal Properties Ashiana Housing BSEL Infra. D S Kulkarni Dev DLF Ganesh Housing HDIL Lok Housing Marg Parsvnath Devl.

Year Equity RONW Net Ended Rs. Cr % Sales

LATEST QUARTER

Net PAT Sales% Growth

Qtr. End

Net Net PAT Sales Sales%

CURRENT DATA

PAT TTM CAGR Grwth( %) Eps Sales%

CMP Rs.

52W high

52W Low

Latest PE

M. Cap.

Promter holding(%)

0803 0803 0803 0809 0803

10.03 5.50 17.07 7.61 2.00

31.99 46.88 27.05 23.81 22.09

691.73 357.74 264.59 696.02 54.05

25.85 4.34 22.33 10.04 6.52

32.24 42.17 12.84 39.77 8.42

114.71 171.67 23.37 55.19 199.35

0903 0903 0903 0903 0903

202.91 239.53 149.27 117.56 11.47

-6.50 41.12 9.05 -28.03 -25.86

12.15 23.90 3.75 4.72 2.91

-16.84 54.99 -57.39 -58.74 6.20

32.30 82.74 12.38 8.04 44.21

21.70 22.02 16.83 36.87 16.29

199.90 780.50 73.85 201.25 506.35

399.80 944.00 123.75 312.70 678.00

69.90 180.05 27.15 67.50 347.25

6.21 9.41 5.97 28.59 11.46

200.50 429.28 126.06 765.76 101.27

48.19 41.83 40.74 55.00 79.74

0806 0803 0803 0803 0803 0803 0803

34.92 44.54 28.05 16.29 112.88 15.33 21.01

17.57 19.56 8.31 16.98 51.09 16.63 17.44

655.94 2141.83 1331.48 451.41 1472.59 207.05 1205.92

10.75 16.72 18.39 14.27 18.64 36.92 0.54

65.18 273.59 52.01 16.92 85.59 13.03 69.48

119.48 66.16 40.88 59.06 13.30 55.24 20.09

0903 0903 0812 0903 0903 0812 0903

114.85 283.41 421.84 60.09 415.40 39.01 223.92

-34.21 -49.99 30.10 -53.74 -7.01 -26.02 -28.21

12.49 61.13 37.33 -7.53 -32.01 -2.05 -5.25

-20.55 -26.22 168.37 -207.27 -181.99 -160.12 -197.04

10.91 4.51 3.35 2.68 3.02 7.10 1.08

40.48 29.10 17.69 27.95 21.90 51.87 21.32

49.75 160.65 29.35 62.35 17.45 75.85 26.20

133.00 282.90 41.75 204.50 49.20 161.50 37.25

19.90 69.15 13.03 48.00 7.00 21.30 13.00

4.56 22.37 7.91 0.00 0.00 25.63 31.57

173.73 3576.87 843.23 116.47 196.98 116.28 550.46

52.60 43.97 49.60 69.90 48.97 49.46 49.53

0812 0812 0803 0803 0803 0803 0803 0803 0803 0809 0812 0803 0803 0803 0803 0803 0803 0803 0903 0812 0803 0803 0812 0903 0803 0803 0803 0803 0803 0803 0903 0803 0803 0803 0803

187.88 304.52 125.86 22.28 203.10 77.01 29.50 16.17 7.00 144.67 158.02 281.87 61.19 12.89 11.90 28.25 32.50 11.39 298.25 70.83 13.34 219.98 51.19 141.38 29.25 34.84 14.80 7.49 4.84 4.33 15.92 11.01 14.72 32.12 56.39

26.71 22.73 34.42 7.07 48.92 47.60 49.95 27.38 41.17 16.06 21.26 32.01 43.70 40.01 50.40 63.27 33.33 25.33 20.06 20.82 34.60 19.45 0.00 25.23 5.93 46.19 5.32 9.99 10.81 10.82 20.71 13.57 10.13 12.95 2.02

7189.56 6182.09 442.27 37.94 961.60 1721.47 930.18 1467.63 209.22 570.15 761.16 3044.25 1108.31 343.00 2011.03 509.88 192.72 764.40 627.96 1111.01 253.76 846.51 713.59 306.90 24.74 2108.21 284.02 480.96 363.92 381.42 577.98 517.97 500.54 637.49 31.81

4.49 10.44 336.98 -48.32 42.07 10.01 28.25 49.36 21.86 44.72 28.22 34.99 31.58 37.21 27.80 123.63 29.96 -5.43 -28.34 140.44 12.65 3.49 74.26 20.94 8.94 50.26 -6.07 10.14 12.99 9.03 34.40 8.68 21.74 38.77 56.31

1212.79 1402.27 73.96 3.24 175.82 393.57 163.77 347.15 47.97 48.79 125.53 637.54 223.67 66.54 408.29 113.55 29.57 116.15 96.23 85.05 30.96 106.40 -48.15 21.66 3.61 260.37 14.32 14.08 15.02 25.48 35.94 28.65 15.02 51.02 0.30

262.28 37.26 0.95 68.59 20.56 129.40 133.05 132.94 198.97 3.17 31.95 92.13 103.72 147.30 801.55 76.72 30.60 97.12 22.18 70.06 78.54 27.28 0.10 3.58 4.06 193.11 95.50 194.41 298.39 567.99 117.96 40.09 21.04 154.69 9.63

0903 0903 0903 0812 0903 0903 0903 0903 0812 0903 0903 0812 0903 0903 0903 0903 0812 0903 0812 0903 0903 0812 0903 0903 0903 0903 0903 0903 0903 0903 0903 0903 0903 0812 0812

2055.09 1847.56 110.72 17.86 497.42 570.82 314.97 484.91 53.83 118.89 254.40 752.92 364.41 118.87 641.92 169.09 81.84 349.57 214.79 265.65 126.15 187.95 146.50 95.42 12.58 806.20 170.21 183.79 194.43 116.34 159.70 176.87 185.11 151.74 9.39

14.44 11.65 34.93 13.18 48.04 16.81 22.18 16.98 9.17 -2.44 40.20 2.04 25.08 33.11 21.13 35.06 61.58 39.53 -5.84 37.91 80.42 -6.50 32.29 23.99 37.34 21.69 116.75 40.14 29.38 7.02 48.41 13.44 17.95 5.26 37.48

404.76 334.05 14.20 3.66 20.07 90.61 -98.30 44.27 9.16 18.01 48.85 61.91 104.08 20.91 73.25 38.57 8.72 23.26 31.03 33.12 6.87 17.88 10.26 19.05 0.97 235.64 12.38 8.47 12.86 6.85 8.04 18.88 0.57 7.03 -7.30

13.21 67.12 2.41 9.25 -18.01 5.65 -9.63 7.11 -13.90 5.35 4.68 42.01 -369.83 43.21 -36.76 19.61 -19.79 56.47 -25.82 2.43 31.25 7.68 -51.27 15.72 53.90 37.27 238.35 51.15 -3.91 10.74 13.04 34.41 35.19 9.80 -32.56 20.34 -51.85 5.74 8.80 11.30 14.50 13.47 -14.61 3.01 2130.43 4.58 -147.14 1.76 4.30 0.36 473.61 165.91 3541.18 13.68 124.07 59.07 101.25 52.34 89.23 66.00 112.70 22.63 138.69 7.03 -87.77 1.22 -46.74 11.87 -10528.57 0.03

17.03 28.94 25.16 10.14 21.31 12.76 28.43 30.49 13.12 30.30 16.86 29.02 24.27 24.56 26.28 19.42 26.89 19.68 10.53 40.10 25.67 80.95 30.71 14.90 7.31 34.20 6.26 7.62 24.55 15.08 30.09 18.26 18.94 35.31 22.98

740.50 86.65 24.80 47.60 51.30 197.70 403.10 136.00 246.35 14.30 36.30 136.55 103.15 282.30 99.75 115.35 39.30 87.35 35.05 135.50 225.80 26.80 21.10 12.24 7.29 1156.00 94.75 232.70 492.40 713.00 78.60 50.00 30.65 56.90 11.15

907.00 107.00 35.25 82.85 64.00 248.00 525.00 264.65 293.00 29.50 49.70 180.00 116.45 372.00 155.00 130.40 48.00 118.00 46.75 238.00 395.00 59.90 39.15 17.70 12.18 1230.00 122.00 275.80 667.95 885.00 101.85 61.40 45.00 154.85 21.41

369.00 43.00 11.50 24.50 24.95 71.00 360.15 67.20 109.25 5.99 11.01 68.50 30.25 111.25 55.00 38.15 19.00 33.00 13.50 52.25 85.10 17.05 9.27 4.23 3.42 330.00 43.50 89.00 205.25 326.00 31.70 20.00 21.00 21.00 6.56

11.11 11.28 6.22 7.67 10.04 4.71 9.11 6.94 4.36 6.50 6.02 7.75 3.53 5.23 6.52 3.26 4.20 4.29 11.76 10.94 20.58 8.87 10.50 8.00 243.00 6.68 9.71 3.88 11.20 8.66 3.33 5.67 25.33 4.46 0.00

13898.44 13195.06 328.65 126.04 1041.90 1522.49 1189.15 1100.92 172.45 206.81 822.63 3856.99 631.07 363.88 2374.05 323.33 132.91 497.02 1045.37 959.75 338.70 589.55 108.01 173.04 109.31 4027.50 140.23 173.83 238.81 308.73 124.82 275.00 225.58 182.76 109.58

46.21 46.46 72.99 74.01 64.91 62.90 85.03 56.19 54.63 35.39 68.55 28.02 45.66 46.26 42.01 27.07 43.26 69.77 61.74 42.89 44.16 51.01 64.42 73.63 28.75 65.41 50.09 42.19 69.92 50.54 37.70 60.20 51.60 45.15 73.74

0803 0903 0803 0803 0803 0812 0812 0803 0812 0803 0812 0812 0803 0803 0803 0903 0803 0803 0803 0803 0803 0803 0803 0803 0903 0803 0803 0803 0803 0903 0803 0803 0709 0712 0803

36.40 23.39 84.97 29.67 28.19 85.28 123.64 13.28 26.66 8.96 7.93 6.39 100.02 31.98 73.44 10.99 14.87 24.68 15.08 67.27 27.88 13.38 28.15 5.75 10.10 160.79 25.25 25.30 6.59 42.31 17.32 6.45 32.16 22.95 0.87

13.60 21.07 27.24 12.00 18.46 8.73 57.93 6.71 21.52 4.27 19.40 31.62 21.65 8.25 22.79 30.62 1.95 14.84 29.05 10.30 44.65 26.31 14.26 20.51 23.82 3.29 43.72 33.41 32.72 -17.41 12.73 -20.25 -11.95 16.10 20.37

886.15 204.35 281.47 1002.81 906.86 533.39 2262.37 469.21 920.15 469.64 181.94 147.36 1068.41 713.63 1412.37 1044.56 747.17 287.64 301.08 574.49 1305.06 317.94 432.97 109.21 420.09 360.77 1033.19 1533.60 438.50 625.77 169.62 163.11 13.60 910.85 428.40

26.84 17.53 5.78 11.10 17.85 78.87 15.07 -8.12 6.85 13.04 7.14 -2.85 -0.44 9.46 6.18 45.06 24.25 42.21 28.95 13.75 47.07 56.94 0.72 71.04 43.05 18.94 3.46 33.00 41.95 -3.81 39.16 4.04 -76.96 50.34 19.19

36.67 46.08 36.22 36.62 59.37 80.04 262.37 19.34 67.48 7.03 19.61 15.64 101.58 108.81 224.09 340.14 25.13 24.31 49.61 13.61 178.53 12.36 30.50 10.78 45.29 11.21 89.31 188.35 30.08 -23.37 18.02 -14.00 1.93 185.49 23.18

38.80 0903 102.59 0903 17.78 0903 107.30 0903 120.50 0903 121.31 0903 38.46 0903 222.27 0903 119.14 0903 185.17 0903 137.48 0903 84.08 0903 50.24 0903 32.57 0903 146.85 0812 112.00 0903 28.91 0812 70.56 0903 123.96 0812 -13.92 0812 173.13 0903 45.73 0812 41.43 0903 96.10 0903 226.75 0903 14.95 0903 94.38 0903 25.28 0903 156.49 0812 28.96 0903 83.14 0812 96.34 0903 17.28 0812 56.29 0903 1429.43 0903

267.68 55.40 40.82 240.33 202.18 158.16 505.90 92.10 189.28 146.78 42.55 26.48 313.11 123.14 319.12 282.96 214.47 78.21 130.95 108.06 167.95 67.76 117.39 29.27 107.46 96.15 240.53 380.47 88.63 123.65 111.71 0.00 3.04 349.58 135.58

-2.56 16.48 -44.99 -6.35 3.40 20.62 2.64 -15.50 -7.37 1.19 -4.23 -29.33 2.50 -39.57 12.53 28.71 14.52 -8.78 52.64 -28.42 -50.41 -20.59 4.72 -5.94 14.33 -8.76 -12.25 3.25 -7.07 -23.86 132.73 -100.00 -0.65 29.94 26.95

6.40 14.29 1.08 4.09 5.48 5.04 76.30 -11.90 25.80 4.29 5.85 2.57 25.25 13.30 32.45 92.66 -5.58 6.33 15.96 -40.49 -22.66 0.86 7.60 4.33 5.70 3.68 -57.12 67.57 2.05 4.78 6.01 19.84 -7.46 47.73 7.68

-37.98 19.58 -78.66 -77.19 24.26 -80.45 4.81 -510.34 73.04 -68.06 17.47 -47.23 115.08 -35.66 -55.02 -8.75 -185.45 -6.50 8.06 -481.26 -183.52 -71.90 148.37 30.03 -41.42 -36.77 -399.37 101.76 -73.89 45.29 8.48 -349.56 113.14 -13.36 118.80

11.08 19.71 2.15 13.50 24.35 6.95 21.49 23.91 29.40 31.55 25.85 20.99 10.78 0.95 25.75 29.87 2.09 11.25 35.93 0.50 4.35 8.58 3.38 35.92 44.84 2.24 15.03 6.15 54.68 1.82 12.54 46.61 30.20 8.94 316.22

14.31 16.96 12.20 11.43 11.50 11.25 13.38 -0.79 19.06 13.28 16.64 11.24 19.93 1.88 8.86 47.00 15.77 27.78 18.71 7.55 32.75 42.28 7.47 15.32 16.89 -10.82 19.07 21.73 34.02 10.55 37.10 2.21 -42.52 36.92 21.52

40.50 60.05 14.40 66.15 260.80 145.45 367.30 229.60 240.30 116.00 207.45 277.15 36.85 127.90 103.20 127.05 52.95 86.05 232.85 33.00 75.40 51.95 26.50 200.35 162.20 22.75 67.25 112.80 181.00 61.60 254.30 160.90 18.80 117.40 4237.90

52.10 78.90 22.40 74.90 318.80 198.00 399.00 284.00 277.00 161.05 294.70 424.00 92.40 198.90 188.70 218.75 98.55 127.90 512.00 50.10 267.00 173.00 35.60 260.00 295.90 30.45 175.95 150.50 309.80 61.60 475.00 188.00 48.40 262.45 4990.00

26.00 27.15 8.06 30.75 163.30 105.10 233.55 175.00 144.30 73.00 144.55 193.40 21.00 46.25 53.50 49.50 24.00 34.60 119.00 14.40 41.55 50.05 14.50 101.10 72.55 10.00 26.55 75.15 105.00 13.10 167.00 99.80 7.76 115.00 2352.00

3.66 3.09 7.58 5.18 10.71 23.92 17.09 16.80 8.42 3.68 8.03 13.29 3.49 0.00 3.94 4.12 23.43 7.30 5.84 0.00 0.00 9.46 4.86 5.58 3.38 10.11 0.00 19.32 3.27 0.00 20.28 0.00 1.25 13.28 13.38

294.84 140.46 122.36 196.27 735.20 1240.40 4541.30 304.91 640.64 103.94 164.51 177.10 368.57 4090.24 757.90 1396.28 393.68 212.37 382.81 222.32 210.22 110.24 149.14 115.20 163.82 365.80 189.98 2854.97 119.28 260.69 440.45 103.78 120.92 2920.91 368.70

47.06 56.31 40.37 39.43 71.18 89.48 71.03 69.28 63.40 52.60 88.55 86.48 18.16 78.57 36.72 70.04 45.73 59.98 68.82 58.61 52.05 53.65 57.05 65.44 37.22 32.82 53.88 70.88 47.36 83.21 74.60 74.36 16.57 35.78 27.71

0712 0803 0803

43.75 17.25 32.94

0.10 35.63 9.75

99.26 262.10 467.38

22.23 2.46 145.94 70.06 19.76 32.77

28.74 0903 161.48 0903 22.06 0903

22.37 183.90 148.87

-12.72 1.42 55.68 54.52 3.41 23.14

149.12 73.24 -17.80

1.47 74.19 2.88

-2.71 66.13 5.96

164.90 251.95 51.00 3072.10 4020.00 1331.00 56.60 110.00 14.30

30.82 41.47 19.79

766.79 5317.81 933.90

35.49 55.02 34.04

0803 0803 0803 0803 0803 0803 0803 0803 0803 0803

56.75 18.74 82.62 25.80 340.96 32.66 214.27 42.88 25.61 184.70

16.17 78.76 5.53 11.76 43.19 28.69 64.64 45.77 29.32 25.00

826.13 123.35 42.66 573.34 5532.84 127.43 2379.87 223.35 242.75 1726.25

14.99 148.24 -45.60 149.55 388.13 180.37 97.75 -16.95 95.44 39.65

94.44 34.10 42.06 163.76 66.10 127.93 169.75 80.66 121.61 97.81

198.82 21.11 0.17 60.71 55.53 20.33 357.86 -2.60 121.29 69.59

-10.45 -3.91 -67.92 -23.19 -96.56 -16.71 -63.30 -112.91 101.98 -86.78

-94.21 37.50 26.65 -76.12 -95.32 -52.35 -91.26 -103.58 -46.85 -87.56

9.13 22.01 0.62 7.73 9.08 14.97 30.14 1.04 26.34 6.12

42.59 45.23 42.94 58.56 86.54 78.16 199.29 47.86 154.14 90.50

56.85 58.95 18.55 43.30 323.05 78.95 221.05 28.35 96.65 81.75

6.97 4.25 29.92 5.70 35.42 5.27 7.33 283.50 3.67 13.36

645.25 110.41 153.26 111.71 54828.05 257.77 6089.71 121.56 247.52 1509.92

65.08 65.65 33.49 36.66 88.55 57.49 61.50 48.74 49.40 80.06

161.57 37.00 15.36 41.09 2574.59 106.06 1410.51 112.85 67.44 408.74

0812 0812 0812 0812 0903 0812 0903 0903 0812 0903

2.83 10.45 4.42 2.46 29.86 7.70 61.92 -0.47 7.08 13.55

Investment Monitor July 2009

109.55 74.50 43.85 114.10 576.00 280.00 411.99 96.60 190.00 151.45

20.60 19.50 7.61 15.20 124.15 30.00 62.50 11.26 28.85 30.55

STOCK MARKET MONITOR FULL YEAR Company Name

Year Equity RONW Net Ended Rs. Cr % Sales

Sobha Developers Unitech Vipul Ltd Consumer Durables Bajaj Electrical Bharat Electron Blue Star BPL Fedders Lloyd Genus Power Hawkins Cookers Hitachi Home Honeywell Auto IFB Inds. JCT Electronics Lloyd Electric MIC Electronics MIRC Electronics Numeric Power Sy Opto Circuits(I) Siemens Timex Group Titan Inds. TTK Prestige Whirlpool India Crude Oil & Natural Gas Aban Offshore Hind.Oil Explor. ONGC Selan Expl. Tech Shiv-Vani OilGas Diamond, Gems and Jewellery Asian Star Co. Gitanjali Gems Rajesh Exports Shrenuj & Co. Su-Raj Diamonds Suashish Diamond Diversified Andhra Sugars Andrew Yule & Co Balmer Lawrie Bombay Dyeing Century Textiles DCM Shriram Con. English Ind.Clay Gillanders Arbut Grasim Inds Hinduja Ventures Kesoram Inds. Mawana Sugars Nava Bharat Vent NESCO Orient Paper Prakash Inds. Sintex Inds. Voltas Dry cells Eveready Inds. HBL Power System Nippo Batteries Edible Oil Agro Tech Foods Guj. Ambuja Exp K S Oils Murli Industries Ruchi Infrastr. Ruchi Soya Inds. Sanwaria Agro Entertainment Adlabs Films BAG Films Balaji Telefilms Deccan Chronicle Entertain.Netwrk Inox Leisure Jagran Prakashan Mukta Arts NDTV Prime Focus PVR Sahara One Media Saregama India Sun TV Network T.V. Today TV 18 India UTV Software Zee Entertainmen Fertilizers Chambal Fert Coromandel Fert. Deepak Fert FACT GNFC GSFC Mangalore Chem. Nag. Fert & Chem Natl. Fertilizer RCF Tata Chemicals

LATEST QUARTER

Net PAT Sales% Growth

Qtr. End

Net Net PAT Sales Sales%

CURRENT DATA

PAT TTM CAGR Grwth( %) Eps Sales%

CMP Rs.

52W high

52W Low

Latest PE

M. Cap.

Promter holding(%)

0903 0803 0803

72.90 324.68 12.00

25.31 62.37 21.77

1429.14 20.45 2802.28 11.91 286.40 44.12

228.30 149.45 0903 1030.68 13.21 0812 41.96 54.91 0903

158.90 203.01 87.87

-66.48 7.20 -75.20 19.50 8.39 2.64

-89.74 -94.71 -71.46

15.66 5.62 3.97

67.39 64.08 54.96

205.00 77.65 39.10

358.85 191.50 105.50

67.45 21.80 23.90

13.79 17.73 9.85

1494.45 15875.15 234.60

86.99 64.52 59.12

0803 0803 0803 0803 0806 0803 0803 0803 0812 0803 0803 0803 0806 0803 0803 0803 0809 0803 0803 0803 0803

17.29 80.00 17.99 48.51 30.77 14.09 5.29 22.96 8.84 18.03 78.48 31.01 20.13 14.19 5.05 94.17 67.43 10.10 44.39 11.33 126.87

54.09 28.38 62.50 0.00 15.26 29.20 61.45 58.18 29.73 7.34 0.00 16.51 33.37 14.10 33.45 44.77 27.44 40.04 44.48 30.11 54.55

1379.11 4059.50 2221.58 111.89 446.01 466.79 204.06 446.55 962.34 421.97 338.59 665.01 307.45 1527.39 386.47 328.69 8287.31 131.80 3012.64 325.60 1797.39

73.10 826.74 174.09 -46.23 19.26 48.03 11.26 42.25 81.85 37.35 -40.19 52.72 65.82 34.59 40.44 118.79 593.33 5.45 150.27 20.67 32.32

0903 0903 0903 0903 0903 0903 0903 0903 0903 0812 0903 0812 0903 0812 0812 0903 0903 0903 0903 0812 0903

648.71 2735.21 724.71 21.02 112.19 246.00 75.42 116.60 274.78 143.49 106.43 102.16 53.52 391.85 103.64 119.92 2368.17 24.11 880.73 121.49 404.13

43.46 19.33 2.34 -47.17 22.00 27.02 25.20 -6.70 24.62 8.54 8.79 -35.62 -31.95 -0.32 3.25 25.72 10.54 -18.68 7.08 23.00 1.82

47.47 559.44 66.74 4.55 1.95 20.11 6.98 4.58 29.81 220.89 -22.30 2.11 12.93 2.49 5.43 40.24 225.52 -2.01 27.83 6.52 17.27

42.90 10.82 -5.16 -256.36 -54.33 -21.29 94.43 -60.52 173.74 854.99 142.66 -85.30 -30.48 -71.96 -48.58 12.88 13485.54 -728.13 -53.99 4.49 4.48

51.56 101.07 20.05 0.94 3.52 34.60 36.16 11.04 113.96 139.11 0.00 11.42 7.66 1.32 45.85 8.74 28.20 0.77 35.80 20.97 4.01

25.81 10.49 30.72 -37.64 20.82 49.43 15.62 17.63 23.87 20.49 -0.89 37.52 87.63 11.03 33.89 53.89 42.22 15.06 32.47 25.47 10.45

395.85 1313.60 302.05 24.50 33.35 180.95 304.20 61.85 1393.35 38.45 3.34 40.05 35.35 14.00 362.95 159.75 460.60 15.65 1154.65 119.15 45.00

480.00 1469.00 433.95 50.85 57.95 405.00 330.00 149.40 1625.00 44.20 5.22 95.65 147.35 18.85 692.00 219.71 597.70 23.10 1316.00 175.00 62.70

135.00 545.40 122.05 12.80 15.35 59.00 130.00 25.65 652.00 17.40 1.70 13.60 14.35 8.33 130.00 69.50 186.20 7.00 668.00 87.65 22.00

7.66 13.00 15.07 0.00 9.47 5.25 9.12 6.74 12.22 3.92 0.00 3.51 4.61 16.28 6.48 18.17 16.34 21.15 32.24 6.47 7.27

684.03 10508.80 2716.94 118.85 102.62 267.63 160.92 142.01 1231.72 117.35 262.12 124.16 355.80 303.66 183.29 2579.48 15531.43 158.07 5125.49 135.24 570.92

74.56 75.86 40.14 67.05 36.86 38.89 56.03 69.90 81.24 69.19 83.15 33.05 33.24 55.02 63.18 31.10 55.18 74.93 53.05 74.92 75.00

0803 0803 0803 0803 0803

7.56 130.51 2138.89 14.42 43.90

25.03 3.45 25.20 26.03 10.51

657.92 32.83 81.30 -29.00 59848.30 5.67 34.46 31.78 410.18 99.94

159.10 187.02 24.10 77.25 16701.65330.16 12.91 37.97 54.12 140.17

0903 0903 0812 0903 0903

265.27 35.07 25.18 -30.46 12436.43 -17.75 6.99 -30.79 200.12 45.87

46.85 17.04 2474.81 -3.38 17.07

35.60 128.72 -43.32 -225.19 -11.23

67.63 4.10 77.36 34.69 19.36

21.96 9.53 11.81 32.34 44.15

882.60 123.05 993.70 195.85 269.20

3388.00 149.50 1218.95 329.90 625.00

224.10 42.90 538.10 100.00 88.10

13.05 30.01 12.88 6.01 13.91

3336.23 1606.17 212539.52 280.46 1182.06

60.82 47.18 74.14 40.91 53.99

0803 0803 0803 0803 0803 0803

10.67 85.06 25.06 13.86 43.70 20.81

13.91 10.74 44.01 15.95 10.35 12.15

1305.11 2654.33 8187.62 987.37 2140.43 1222.97

40.36 138.15 206.56 30.63 62.59 82.82

285.29 209.59 31.48 31.52 147.97 280.83

0812 0812 0812 0812 0903 0903

292.36 550.06 2732.32 247.45 716.70 74.85

14.83 -4.39 32.17 0.69 -3.65 -69.92

6.68 26.90 17.07 0.85 6.35 -20.06

-48.30 -10.78 -72.13 -88.79 -69.54 -479.92

34.71 16.93 5.05 1.87 7.64 9.15

8.06 17.76 106.05 27.42 29.69 10.25

1225.25 110.00 45.30 21.55 36.35 171.20

1570.00 283.00 73.70 50.90 70.70 480.00

753.00 32.50 18.55 13.00 18.05 96.10

34.48 6.50 9.17 12.04 4.76 0.00

1307.34 935.66 1164.21 149.34 159.36 357.12

74.97 50.99 58.02 58.60 48.82 89.43

0803 0803 0803 0803 0803 0803 0703 0803 0803 0803 0903 0809 0803 0803 0803 0803 0803 0803

27.11 56.74 16.29 38.61 93.04 33.34 4.47 11.22 91.67 20.56 45.74 30.57 15.59 7.05 19.27 115.47 27.10 33.07

9.03 96.91 29.21 -4.41 29.90 1.02 20.47 11.33 27.93 6.38 32.90 0.00 51.47 67.46 65.15 33.73 20.46 45.34

460.81 -20.22 170.80 24.06 1443.40 12.85 922.73 90.20 3504.71 10.15 2478.98 -7.85 266.51 11.09 399.03 51.23 10278.68 19.41 12.19 -92.37 3873.91 29.73 1025.60 533.67 895.25 61.88 94.68 43.93 1315.05 17.51 1253.35 34.35 1657.12 48.55 3044.53 26.83

42.58 5.33 86.93 16.68 279.43 670.99 19.39 14.84 2232.60 41.65 378.74 -166.92 314.85 36.74 204.48 198.72 216.33 208.37

110.44 -1.14 199.42 102.54 138.30 68.71 218.30 122.29 887.12 287.53 289.90 84.97 103.05 102.61 24.76 62.06 108.03 16.28

0903 0903 0903 0812 0903 0903 0903 0812 0903 0903 0903 0903 0903 0812 0903 0812 0903 0903

135.70 45.82 370.29 318.84 1129.40 727.33 67.81 129.67 2886.99 -4.70 1107.99 193.94 302.40 28.36 466.96 337.88 527.99 1245.98

25.64 -9.41 -8.70 9.34 13.77 18.70 -0.56 59.67 5.87 -2711 26.13 83.97 -12.01 -4.03 23.10 2.66 -18.44 47.96

9.46 14.25 27.98 -57.80 122.35 80.75 3.00 10.68 384.71 3.60 159.23 0.27 108.54 12.76 54.54 37.06 91.71 62.86

-22.90 -65.78 34.84 56.17 238.45 617.78 -37.24 66.61 -42.35 -45.70 50.52 -100.83 -16.13 -23.13 13.37 -33.18 3.74 13.45

16.86 0.59 62.39 5.57 25.43 6.14 36.26 17.21 179.73 16.06 82.93 11.13 59.68 51.33 10.20 17.34 19.69 7.63

7.86 9.34 12.73 1.79 9.60 17.97 14.75 59.06 17.40 -36.01 24.49 7.16 18.38 45.92 16.62 13.52 30.27 21.17

91.35 46.40 452.95 310.25 376.85 49.35 406.15 99.60 2140.35 179.95 273.70 33.65 278.80 769.00 50.00 98.10 211.95 124.40

118.60 65.20 489.00 697.00 599.70 72.70 886.50 108.95 2670.00 259.80 328.00 50.80 328.50 1130.00 58.00 210.00 386.00 146.90

52.10 15.25 203.20 110.00 113.10 20.80 222.05 40.00 831.00 85.15 102.70 13.85 90.50 323.05 16.90 32.10 70.30 31.10

4.93 73.65 7.26 0.00 13.29 8.04 9.55 6.24 11.91 12.94 3.37 0.00 4.67 14.68 4.16 5.72 10.85 17.87

247.65 1375.06 737.86 1197.88 3506.21 818.72 181.55 140.14 19620.59 369.80 1251.90 102.87 2123.06 541.38 964.00 1132.76 2893.12 4116.40

53.85 94.42 0.00 47.09 40.28 55.26 79.91 69.68 25.19 65.81 26.36 61.09 45.71 62.04 36.85 55.05 29.15 27.73

0803 0803 0803

36.34 24.28 3.75

0.00 24.74 13.74

847.18 998.87 260.66

-19.32 67.09 16.01

63.82 0903 124.65 0812 320.35 0903

204.20 298.54 61.29

5.69 4.28 11.36

5.59 17.57 5.28

-185.74 -33.55 52.60

2.67 38.95 42.74

-0.23 40.48 -0.80

31.55 244.70 375.20

43.10 320.00 446.00

11.51 90.20 269.00

11.82 6.21 8.78

229.31 594.13 140.70

40.17 72.87 74.90

0803 0803 0803 0803 0803 0803 0803

24.37 27.67 33.24 10.24 20.30 37.76 8.70

15.61 21.53 29.78 30.69 3.26 16.73 77.59

1010.64 -2.65 1829.09 30.63 2043.89 90.93 649.18 23.91 969.21 10.84 10908.32 27.51 938.09 110.73

16.26 71.25 120.70 54.29 35.56 159.23 43.32

45.88 25.90 19.38 215.56 5.84 55.03 8.71

0903 0903 0903 0903 0903 0903 0903

163.40 311.18 887.34 134.43 386.09 3705.12 256.43

-36.00 -47.98 31.65 -39.71 40.36 6.88 -34.04

7.25 -5.34 48.17 8.61 12.84 1.95 6.19

31.82 -137.34 19.86 -44.63 253.72 -94.83 -60.72

8.55 2.34 5.08 44.97 1.01 4.77 3.16

-1.91 24.42 43.49 15.69 5.62 26.26 36.15

129.40 21.50 58.55 187.85 30.95 42.60 88.80

168.00 48.00 75.10 425.95 32.95 93.40 94.45

64.00 13.00 30.00 65.15 8.45 16.80 14.80

17.90 12.43 11.95 4.18 0.00 8.91 29.40

315.35 297.45 2086.14 192.36 627.98 804.29 1545.12

64.88 63.68 38.23 52.38 60.35 41.97 70.04

0803 0803 0803 0803 0803 0903 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803

23.06 21.62 13.04 48.98 47.66 61.90 60.23 11.29 25.03 12.72 23.01 21.53 14.68 197.04 29.00 59.78 24.84 43.36

5.08 1.90 26.29 28.72 4.77 8.96 18.69 10.75 2.52 14.17 10.68 1.02 10.24 27.59 15.91 5.90 2.22 14.53

284.93 52.01 328.97 782.37 225.22 225.61 749.63 110.68 362.50 85.72 268.74 197.25 137.36 861.06 231.06 292.22 286.29 1041.99

-14.08 17.83 3.62 41.53 34.70 9.39 25.32 14.41 28.34 55.40 38.61 2.98 4.98 27.20 22.31 50.67 87.79 20.09

45.90 2.92 87.93 271.94 16.19 24.34 98.13 13.03 4.28 26.64 21.07 2.82 7.73 366.98 43.56 30.49 4.47 295.12

147.03 15.55 55.96 43.57 65.17 45.89 17.89 55.42 32.52 146.02 86.00 128.48 63.28 37.32 50.53 39.68 81.57 49.08

0812 0812 0903 0812 0903 0903 0903 0903 0903 0812 0903 0812 0812 0812 0903 0812 0903 0903

160.32 8.09 49.42 214.70 50.21 47.32 197.57 25.10 84.13 24.35 54.84 42.03 20.74 270.83 53.69 63.53 65.51 287.15

89.46 -38.15 -48.80 -0.69 -20.52 12.13 6.59 -42.09 -7.08 10.53 0.99 -23.96 -28.48 24.36 -15.78 -19.83 -45.35 -4.83

-33.54 0.16 -14.63 25.67 1.26 13.39 21.82 -1.83 -44.74 3.07 -1.11 -13.01 0.18 112.24 8.12 9.50 11.49 72.54

-263.61 -91.49 -161.34 -75.06 -82.23 1960.00 40.96 -116.31 -1451.66 -47.70 -141.11 -1175.21 -86.67 9.72 -39.94 -13.16 162.93 -8.70

1.35 0.26 6.28 5.39 1.29 3.69 3.04 3.07 0.33 16.42 5.85 9.68 3.06 8.20 5.79 2.88 7.60 7.13

30.92 29.79 12.08 104.42 61.14 49.73 24.20 27.72 28.61 39.46 47.62 25.90 3.66 31.25 16.32 57.89 24.71 16.79

348.35 19.65 54.80 74.00 169.05 44.40 80.75 51.50 134.50 178.60 103.55 138.00 78.50 238.00 91.15 121.95 370.10 162.55

576.10 37.25 216.75 134.00 393.90 105.25 88.00 108.00 447.80 504.55 208.75 243.85 127.00 327.80 120.00 273.40 830.00 239.00

130.15 9.95 24.80 25.50 93.00 18.95 40.50 32.05 69.00 51.80 57.50 76.00 36.05 125.10 46.60 53.15 182.00 88.10

0.00 151.15 13.56 13.48 277.13 11.38 26.56 26.55 0.00 10.76 18.83 42.46 19.24 22.62 15.69 37.87 49.28 22.77

1606.59 221.65 357.30 1812.26 805.86 274.84 2432.19 116.29 843.65 228.97 238.27 297.11 115.16 9379.10 528.31 1463.64 1265.37 7054.67

61.47 35.19 40.00 63.00 71.15 63.98 52.12 70.37 63.17 53.55 41.19 74.99 54.20 77.00 55.72 51.77 83.26 41.50

0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803

416.21 27.98 88.20 354.77 155.44 79.70 118.55 427.98 490.58 551.69 234.06

17.22 32.11 15.03 -120.85 21.83 16.80 15.19 2.55 7.82 10.58 17.96

2720.13 3794.76 1044.38 890.28 3433.91 3555.91 1625.39 2196.36 4140.65 5140.61 4036.68

4.97 81.11 25.94 -40.15 25.36 7.03 18.55 20.92 7.11 47.39 2.28

203.80 209.76 100.27 8.97 372.88 238.45 40.46 22.49 108.65 158.15 949.18

27.35 56.79 79.23 -1.11 118.74 184.86 23.63 20.30 28.69 27.89 152.60

0903 0903 0903 0812 0903 0903 0903 0903 0903 0903 0903

823.59 856.86 327.31 717.97 528.58 846.90 485.70 541.14 947.24 1912.88 1010.80

37.97 46.61 -0.88 394.16 -40.44 5.80 9.45 -8.13 -11.92 43.88 8.59

83.90 -12.47 39.63 5.28 19.54 98.43 -20.90 12.62 -34.66 39.37 171.74

332.92 -471.13 26.45 -109.70 -62.96 244.64 -9600.00 909.60 -555.45 -23.36 -69.33

5.54 36.38 16.86 2.72 14.65 62.66 4.11 0.75 2.69 3.84 19.24

7.57 45.09 14.85 -5.93 20.05 14.08 23.63 23.90 2.53 20.49 21.56

62.20 184.70 89.05 38.35 88.00 166.25 19.95 39.10 58.00 72.85 236.55

87.50 231.70 115.90 57.80 135.25 197.00 27.00 47.50 86.40 90.00 360.80

29.50 73.70 39.75 14.10 48.00 61.00 9.60 12.75 21.10 25.10 99.70

11.56 6.48 5.20 0.00 6.01 2.66 4.63 51.45 29.15 19.02 10.80

2588.83 2584.88 785.42 1360.54 1367.70 1326.84 236.45 1674.18 2845.36 4019.06 5562.95

49.62 64.25 42.61 98.11 41.18 37.84 30.44 35.29 97.64 92.50 29.23

27.09 4.38 39.32 -5.30 28.04 30.70 17.58 37.44 11.11 30.03 16.68 35.48 28.77 0.94 41.97 63.01 7.29 16.39 43.65 15.71 21.76

12.16 19.60 24.08 12.06 36.33 31.01

9.66 89.02 -7.98

94.62 404.14 29.30 16.73 44.15 171.72 37.79 36.34 357.69 -155.52 -2.56 109.46 22.63 17.92 277.60 33.50 61.33 1.02 98.26 58.90 5.41

Investment Monitor July 2009

STOCK MARKET MONITOR FULL YEAR Company Name

Zuari Inds. Finance A.K.Capital Serv Alka Securities Bajaj Auto Fin Bajaj Holdings Balmer Law. Inv. Can Fin Homes Centrum Capital Cholamandalam DB Dalal Street Inv Dewan Housing Edelweiss Cap Eicher First Leasing Fortune Fin.Ser. GIC Housing Fin GRUH Finance HDFC IDFC IFCI IL & FS Invsmart IL&FS Inv Manage IndiaNivesh JM Financial KGN Industries LIC Housing Fin LKP Finance M & M Financial Magma Fincorp Manappuram Gen. Money Matters Oscar Investment PNB Gilts Power Fin Corpn Reliance Capital Religare Techno RR Financial Consultants ltd. Rural Elec Corpn Sahara Housing Shardul Sec. Shriram City Un. Shriram Trans. SREI Infra. Fin. Subhkam Capital Sundaram Finance Tata Inv.Corpn. TVS Fin. & Ser. FMCG Britannia Inds Colgate-Palm. Dabur India Emami Fem Care Pharma Gillette India GlaxoSmith C H L Godrej Consumer Hatsun Agro Prod Henkel India Hind. Unilever Jyothy Labor. Kohinoor Foods KRBL Kwality Dairy Lakshmi Energy Lotte India Marico Mount Everest Nestle India Nirma P & G Hygiene REI Agro T N Petro Prod. Zydus Wellness Gas Distribution Deep Industries GAIL (India) Guj Gas Company Indraprastha Gas Glass & Glass Products Asahi India Glas Borosil Glass Empire Inds. Hind.Natl.Glass Saint-Gob. Sekur Healthcare Apollo Hospitals Fortis Health. Indrapr.Medical Hotels & Restaurants Advani Hotels. Asian Hotels Bhagwati Banquet Bharat Hotels Country Club (I) EIH EIH Assoc.Hotels Graviss Hospital

Year Equity RONW Net Ended Rs. Cr % Sales

LATEST QUARTER

Net PAT Sales% Growth

0803

29.44

9.03

2617.94 9.22

0803 0803 0903 0903 0803 0803 0806 0803 0803 0803 0803 0703 0803 0803 0803 0903 0803 0803 0803 0803 0903 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0703 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0703

5.80 9.23 36.60 101.18 22.20 20.49 6.83 52.24 0.23 60.52 37.47 11.14 22.79 10.00 53.85 34.65 284.03 1294.30 762.41 69.84 39.79 3.78 29.98 22.25 85.00 12.80 95.29 21.78 11.00 9.00 17.28 135.01 1147.77 246.16 40.40 5.53 858.66 7.00 17.50 41.15 203.16 116.29 5.00 27.78 34.46 41.40

44.29 15.90 3.15 6.84 35.30 13.60 17.81 13.42 0.00 21.07 3.20 71.09 18.15 25.88 18.75 24.45 22.59 16.05 75.04 2.27 60.53 14.73 2.19 0.41 22.94 -15.42 16.92 17.52 62.37 24.68 40.58 8.73 11.94 18.33 0.00 0.57 18.34 6.21 35.58 23.34 27.14 19.32 -12.79 22.13 23.74 0.00

86.24 5.43 584.06 233.39 14.62 221.47 52.98 891.28 0.51 521.48 187.47 31.54 158.33 37.65 274.52 294.00 8176.35 2523.66 1922.86 39.81 97.03 6.95 1770.24 186.71 2183.41 9.11 1221.56 465.38 79.19 7.78 15.04 172.01 5041.72 2036.69 10.56 61.95 3535.77 12.04 49.66 614.68 2481.14 460.35 49.76 1001.74 210.07 53.13

0803 0803 0803 0803 0803 0806 0812 0803 0803 0712 0903 0806 0803 0803 0803 0809 0803 0803 0803 0812 0803 0806 0803 0803 0803

23.89 13.60 86.40 12.43 3.01 32.59 42.06 22.58 6.79 116.46 217.99 7.26 19.60 24.35 18.20 12.64 3.77 60.90 34.00 96.42 79.57 32.46 48.17 89.97 5.58

27.87 104.67 68.01 35.80 26.11 29.90 26.77 113.33 45.71 8.83 114.14 16.83 3.60 16.29 20.53 31.01 0.00 61.85 0.00 119.78 6.13 41.21 22.42 -5.07 20.20

2587.86 17.74 1474.80 13.78 2083.40 30.18 583.71 13.17 93.75 36.28 590.59 -13.34 1542.96 21.11 887.19 17.03 863.19 47.48 391.63 22.69 20192.36 48.03 453.42 7.46 635.06 7.78 996.53 9.15 332.92 122.91 1540.19 121.21 154.12 4.24 1568.79 14.37 24.73 3.52 4327.67 23.62 2332.87 3.88 646.01 19.71 1850.79 70.80 776.72 -5.95 56.33 31.89

0903 0803 0812 0803

20.00 845.65 12.83 140.00

9.77 21.33 25.59 33.42

0803 0803 0803 0803 0712

15.99 3.61 6.00 11.04 91.11

0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0903

73.41

Qtr. End

Net Net PAT Sales Sales%

CURRENT DATA

PAT TTM CAGR Grwth( %) Eps Sales%

CMP Rs.

52W high

52W Low

Latest PE

M. Cap.

Promter holding(%)

286.84 0903

838.56

26.49

-4.39

281.74

33.17

17.39

275.55

347.40

113.20

8.70

811.22

34.11

131.97 2.35 297.47 316.88 18.47 107.25 267.67 106.94 -143.48 72.38 180.08 53.69 80.32 53.12 58.74 63.74 420.64 42.14 29.47 97.71 15.72 64.79 551.51 26.43 215.49 37.47 137.92 121.46 38.35 32.70 196.50 37.51 90.58 244.77 3.71 54.86 62.51 27.03 54.67 101.76 87.31 55.06 25.78 375.42 245.25 -8.19

0903 0903 0903 0903 0812 0903 0903 0903 0903 0903 0903 0612 0903 0903 0903 0903 0903 0903 0812 0903 0903 0812 0812 0903 0903 0903 0903 0812 0903 0812 0903 0903 0903 0903 0812 0903 0903 0812 0812 0903 0903 0903 0812 0903 0812 0712

43.38 0.21 158.04 28.36 0.65 54.26 22.45 232.93 0.00 204.51 41.24 0.22 55.87 2.35 81.57 83.57 2935.01 870.24 353.22 3.33 24.07 0.59 6.32 24.75 754.43 -29.38 389.35 140.99 54.38 46.37 8.49 -64.52 1816.94 847.23 1.72 11.94 1337.02 4.78 -2.00 258.21 979.85 35.23 -0.57 260.49 47.29 11.75

59.90 -89.29 42.35 -54.18 62.50 -4.99 134.10 -8.97 -100.00 38.74 -42.01 29.41 14.16 -47.54 9.01 47.39 31.01 28.87 -38.51 -48.29 -18.38 -44.34 -65.84 -38.17 31.81 373.11 9.73 21.82 132.00 79.52 12.60 -301.18 35.26 6.29 -24.56 -13.72 38.03 38.15 -102.95 40.35 28.17 136.76 -104.40 3.74 -10.03 -22.60

13.87 0.75 15.06 21.55 0.37 9.44 8.34 77.83 -0.11 21.40 10.45 0.15 8.12 2.12 17.09 22.49 733.37 148.08 104.48 -0.01 9.76 0.19 -2.56 0.12 157.56 -39.15 108.04 6.70 8.88 29.42 -12.87 -51.55 390.58 331.44 -1.93 1.01 388.04 0.59 -2.23 32.73 153.85 -0.44 -0.83 50.32 34.94 -10.19

96.46 50.00 229.54 -55.63 184.62 -4.26 717.65 510.91 266.67 -27.31 4.40 -1600.00 -4.36 909.52 38.83 10.25 -4.52 20.14 -67.24 -100.70 -0.41 216.67 -100.19 -29.41 33.41 -193.91 43.31 -60.89 14.88 40.30 -666.96 757.74 32.22 -14.24 34.03 -62 65.05 63.89 -104.92 51.74 37.54 -101.65 -183.00 46.79 -21.85 763.56

63.90 0.22 9.27 19.30 7.98 15.40 31.57 12.29 4.64 14.25 3.51 3.84 14.71 2.74 10.58 14.39 80.10 5.68 6.68 0.50 8.41 1.30 0.44 0.14 62.59 99.78 22.45 21.98 21.02 26.72 624.38 10.37 11.80 39.41 0.00 7.53 15.00 2.47 0.38 25.77 30.11 4.37 0.00 27.13 52.34 0.00

-20.42 74.05 36.50 -45.30 51.20 9.65 40.87 30.40 -14.86 32.30 108.74 -43.98 3.35 81.91 23.01 28.79 22.47 40.71 6.33 4.37 45.74 270.17 369.02 281.85 16.17 52.62 37.45 50.57 54.73 50.73 9.90 -5.64 13.38 35.42 -12.85 NA 11.51 41.01 71.47 51.33 71.91 31.12 47.41 16.60 31.25 6.54

195.60 19.15 156.95 372.60 124.25 80.60 1690.00 65.80 8529.90 137.40 398.30 264.95 44.40 92.30 82.70 204.15 2301.70 127.80 51.85 163.60 142.00 709.90 44.20 747.20 566.90 89.00 243.00 194.00 273.10 159.00 251.40 22.00 185.80 897.95 107.65 36 154.20 153.15 89.35 354.30 288.05 66.30 315.00 252.80 388.45 24.60

259.00 19.40 188.20 555.00 144.25 94.80 1839.00 143.95 8529.90 154.40 717.80 0.00 51.75 157.75 97.00 212.90 2594.70 147.65 60.55 199.85 165.60 845.00 79.25 3226.50 620.80 136.20 294.90 397.00 293.00 163.85 360.00 29.75 227.00 1470.00 109.25 77.5 166.80 239.80 174.75 449.00 357.00 130.00 518.00 338.00 550.00 0.00

110.10 7.88 43.45 210.00 55.25 37.50 1021.30 20.25 3107.65 37.05 218.45 0.00 24.05 22.00 29.80 81.00 1116.10 44.15 15.25 43.05 68.00 490.10 16.50 141.85 151.00 47.70 161.55 119.05 97.00 29.51 139.95 15.50 86.20 274.20 24.85 20.6 53.55 43.55 26.00 292.00 150.00 22.30 110.00 145.00 182.15 0.00

3.38 87.05 16.93 17.08 15.57 5.24 54.85 7.11 0.00 9.21 113.15 9.41 2.98 44.16 7.79 14.91 28.69 22.50 5.00 0.00 17.71 136.78 276.25 0.00 9.06 1.36 10.98 7.38 15.55 9.91 0.46 12.15 10.83 22.78 0.00 5.15 10.41 62.00 0.00 13.89 9.95 15.28 0.00 9.32 7.19 0.00

129.10 191.50 574.44 3769.97 275.84 165.23 1154.27 436.98 196.19 831.54 2984.86 295.15 101.19 102.45 445.34 707.38 65492.57 16554.06 3959.94 1142.58 564.88 268.34 3315.00 1662.52 4818.08 113.12 2354.67 422.53 471.37 429.30 434.42 297.02 21325.57 22056.35 434.91 19.24 13240.54 107.21 156.36 1624.82 6093.70 770.01 157.50 1404.30 1338.60 101.84

61.24 54.12 49.11 31.16 59.67 40.38 33.73 74.96 0.83 55.87 38.13 74.84 27.29 52.38 50.54 61.49 0.00 0.00 0.00 93.86 52.81 44.38 67.36 49.05 40.84 55.43 61.33 49.03 30.35 62.95 69.11 74.07 89.78 53.49 61.29 66.95 81.82 71.35 70.08 50.95 41.95 30.02 35.59 41.02 61.02 89.77

191.00 231.71 316.77 92.75 4.60 117.37 188.34 148.12 17.33 11.00 2496.45 52.41 5.34 54.75 4.62 159.78 -5.80 143.41 -6.33 534.08 217.55 131.41 109.12 -11.91 4.55

316.37 11.93 6.11 46.50 94.25 130.53 180.90 6.67 63.45 12.99 9.45 226.72 74.97 148.11 13.63 74.32 112.04 4.60 29.13 49.09 162.26 106.79 111.46 38.28 43.87

0903 0903 0903 0903 0903 0903 0903 0903 0812 0903 0903 0903 0812 0812 0903 0903 0903 0903 0903 0903 0903 0903 0903 0903 0903

762.03 455.46 616.91 184.73 26.36 171.78 539.37 275.50 261.66 124.20 3988.33 144.53 147.16 346.12 186.51 151.32 42.95 429.52 4.94 1265.85 823.49 177.78 853.70 203.99 44.49

9.99 16.39 17.15 2.08 52.19 21.69 31.28 30.25 12.69 18.86 6.00 11.72 -5.61 28.06 47.18 -51.15 18.58 15.17 5.33 16.04 29.45 19.94 35.92 -11.25 217.56

40.62 77.07 91.71 15.52 4.58 28.46 83.89 56.10 2.00 1.58 394.99 21.54 -3.56 0.35 0.98 18.27 -0.04 6.59 -6.52 197.30 60.03 34.83 12.97 9.04 6.96

-33.41 38.57 16.40 -55.59 -1095.65 0.18 48.35 51.05 -61.61 53.40 3.69 195.88 -142.94 -98.22 -36.36 -38.51 -97.42 -74.16 283.53 23.20 90.63 27.26 -41.99 -49.33 1142.86

75.51 21.35 4.32 10.85 36.22 32.13 51.29 6.36 5.78 0.37 9.71 7.84 2.07 29.30 5.27 15.15 0.00 2.34 0.00 59.25 6.35 47.53 1.80 2.03 11.23

14.84 9.14 12.45 24.13 21.97 8.91 14.16 13.26 21.55 42.61 14.84 8.08 6.95 11.07 170.00 65.23 13.83 16.31 54.93 15.12 2.59 7.87 30.06 3.40 44.76

1567.95 545.60 116.85 348.30 597.45 808.10 912.00 161.90 64.80 19.70 259.05 105.95 53.70 93.20 153.45 84.55 525.00 72.35 83.20 1735.35 142.25 880.70 64.05 14.30 91.25

1890.00 577.90 120.00 394.50 783.00 961.70 950.00 191.00 96.95 23.90 271.00 122.00 131.80 158.90 171.85 305.00 541.70 78.60 168.00 1855.00 200.00 924.00 151.40 20.90 119.40

991.25 341.00 60.00 175.00 215.15 520.00 480.00 94.00 34.55 10.00 185.00 42.02 41.00 42.50 14.60 61.55 190.05 46.50 38.25 1220.00 82.50 650.00 35.50 7.58 46.00

19.03 25.21 27.05 32.13 15.71 27.64 17.79 25.74 11.00 53.24 26.01 19.19 0.00 3.18 29.17 5.69 0.00 24.20 0.00 29.19 13.77 18.53 30.36 19.59 14.35

3745.83 7420.16 10108.69 2164.68 210.90 2633.60 3835.87 4160.83 220.32 229.43 57257.82 769.20 151.38 226.57 279.28 534.36 197.93 4406.12 282.88 16732.24 2263.77 2858.75 1851.05 128.67 356.51

50.95 51.00 70.73 87.84 72.15 88.73 43.16 69.73 72.98 67.63 52.06 69.68 35.10 56.74 83.70 44.97 80.39 63.47 45.32 61.85 77.17 68.73 41.70 34.54 72.25

33.50 67.33 18012.14 12.32 1296.47 8.55 713.11 14.64

7.62 2601.46 158.81 174.45

38.89 153.79 106.59 41.18

0903 0903 0903 0903

10.88 6104.31 296.78 227.40

78.36 23.69 -9.59 21.34

1.22 630.02 36.12 40.32

-20.26 -12.79 -19.55 -16.30

3.95 22.11 23.20 12.32

25.64 9.69 20.22 18.37

129.90 281.70 310.00 130.55

157.95 317.00 370.00 154.40

28.25 165.00 170.00 92.10

34.18 12.75 13.25 10.60

259.80 35733.08 1988.65 1827.70

46.93 57.34 65.12 45.00

4.64 1.40 30.10 33.92 0.00

994.08 70.65 115.94 1021.58 67.01

30.62 5.76 27.25 98.14 -4.13

13.34 0.53 9.25 160.34 -0.11

18.41 105.35 44.02 680.39 5.52

0903 0812 0903 0903 0812

315.29 17.45 33.70 342.68 16.15

19.87 -7.33 13.16 12.28 -11.89

2.94 -1.16 4.56 26.94 -0.88

-130.06 1.35 -11700.00 0.59 102.67 28.65 -65.84 61.68 388.89 0.06

19.78 1.52 11.35 31.55 8.63

52.05 327.30 270.60 516.70 17.70

65.45 597.00 361.50 785.10 25.95

30.05 110.00 132.05 227.50 8.02

0.00 0.00 9.45 8.38 0.00

832.28 129.61 162.36 902.67 161.26

55.20 54.99 56.46 74.16 85.77

58.69 226.67 91.67

10.22 0.32 14.20

1123.81 26.13 152.47 22.89 314.71 35.24

101.75 2.62 16.15

208.46 0812 31.92 0812 12.44 0903

373.00 43.99 102.63

29.05 19.86 28.82

29.53 -1.63 5.49

11.90 -201.24 54.21

18.71 1.70 2.61

20.16 31.44 16.77

511.50 99.95 34.50

558.00 126.45 43.80

350.00 45.00 18.05

27.77 0.00 13.22

3160.05 2265.57 316.26

31.76 68.45 50.99

9.24 22.80 29.29 75.99 15.48 78.59 19.59 17.29

31.02 25.47 13.51 11.97 20.05 21.79 15.37 3.99

43.31 513.83 59.11 488.97 314.24 1079.87 177.97 69.75

6.38 132.02 10.04 70.50 65.27 217.22 14.65 10.74

4.82 290.52 40.36 91.99 386.01 27.08 49.95 32.12

10.00 104.61 19.58 18.86 55.33 231.74 54.24 21.85

-43.25 -34.34 0.67 57.96 -46.63 -24.91 -7.52 16.04

3.07 15.37 0.82 2.57 0.19 33.27 7.42 4.13

-58.74 -64.92 -77.72 -8666.67 -99.18 -54.05 -34.57 -31.17

1.80 35.90 3.39 1.19 4.35 4.29 7.00 1.26

16.42 36.95 54.34 47.80 65.17 23.08 45.87 36.67

38.45 305.55 34.25 28.45 27.95 127.05 81.00 41.70

74.90 583.00 81.20 0.00 108.80 172.45 156.00 99.25

22.00 190.00 18.50 0.00 6.80 74.00 40.20 33.30

101.18 8.51 10.64 2.98 6.43 28.17 14.31 34.18

177.64 696.65 100.32 204.53 216.33 4992.43 158.68 360.50

49.74 63.57 40.37 79.99 44.69 46.42 75.00 59.71

84.00 26.63 83.45 1.58 20.20 33.91 -33.43 196.02 49.64 13.97 16.56 28.40 82.94 20.12 118.75 59.37 96.15 -0.11 57.84 82.58 154.75 28.78 604.02 31.37 21.93 30.96 114.41 12.51 39.31 56.39 45.17 50.27 40.21 2436.25 68.18 669.17 -3.74 1020.57 -66.69 15.58 17.91 36.64 -8.07 3.45 4402.141360.17 -42.88 0.24 37.51 387.19 104.72 43.51 45.39 177.02 68.61 50.54 83.01 20.99 6383.334.27 -89.92 110.19 37.78 45.16 31.51 1206.76 132.47 1025.45 168.70 -5.53 66.5 9.72 24.51 860.15 54.76 1.14 128.95 29.21 80.13 87.64 76.91 389.83 15.45 107.96 871.88 -1.65 52.82 212.54 2.84 185.85 25.75 -9.69

26.67 24.18 66.32 16.51 104.24 15.01 11.90 8.88

0903 0903 0903 0212 0812 0812 0812 0812

Investment Monitor July 2009

STOCK MARKET MONITOR FULL YEAR Company Name

Year Equity RONW Net Ended Rs. Cr % Sales

Hotel Leela Ven. 0803 Indian Hotels 0803 Mac Charles(I) 0803 Oriental Hotels 0803 Panoramic Univer 0803 Royal Orchid Hot 0803 Ster. Holid. Res 0803 TajGVK Hotels 0803 Viceroy Hotels 0803 Infrastructure Developers & Operators GMR Infra. 0803 Mundra Port 0803 Noida Tollbridge 0803 Phoenix Mills 0803 IT - Hardware CMC 0803 D-Link (India) 0803 HCL Infosystems 0806 Moser Baer (I) 0803 Redington India 0803 IT - Software 3i Infotech 0903 Accel Frontline 0803 Aftek 0803 Allied Digital 0703 Aurionpro Solu 0803 Aztecsoft 0903 Cambridge Soluti 0812 Cranes Software 0803 Datamatics Glob. 0803 eClerx Services 0803 Financial Tech 0803 Firstsource Sol. 0903 Geodesic 0803 Geometric 0803 Glodyne Tech 0803 HCL Technologies 0806 Hexaware Tech 0812 ICSA (India) 0803 IKF Technolog. 0803 Infosys Tech. 0903 Infotech Enterp. 0903 IOL Netcom 0803 IT People 0803 Kernex Microsyst 0803 KLG Systel 0803 KPIT CumminsInfo 0903 LGS Global Ltd 0803 Mascon Global 0803 Mastek 0806 Megasoft 0812 Micro Techno. 0803 Mindtree 0903 MphasiS 0810 Net 4 India 0803 Northgate Techno 0803 Nucleus Software 0903 Oracle Financial 0803 Parle Software 0807 Patni Computer 0812 Polaris Software 0803 R Systems Inter. 0812 Ramco Systems 0803 Rolta India 0806 Sasken Comm.Tech 0803 Satyam Computer 0803 Softpro Systems 0903 Sonata Software 0903 Spanco Ltd 0803 Sterling Intl 0706 Subex 0803 Take Solutions 0803 Tanla Solutions 0803 Tata Elxsi 0803 Tech Mahindra 0803 Tele Data Infor. 0803 Vakrangee Soft. 0803 Wipro 0803 Zen Technologies 0803 Zenith Infotech 0803 Zensar Technolgs 0803 Zylog Systems 0803 Leather Bata India 0812 Liberty Shoes 0803 Mirza Internatio 0803 Allcargo Global 0812 Arshiya Intl 0803 Blue Dart Exp. 0812 Container Corpn 0803 Gateway Distr. 0803 Gati 0806 Sical Logistics 0803 Transport Corp. 0803 Media - Print/Television/Radio Infomedia 18 0803 Micro Inks 0812 Navneet Publicat 0803 Repro India 0803 Sandesh 0803

LATEST QUARTER

Net PAT Sales% Growth

Qtr. End

Net Net PAT Sales Sales%

CURRENT DATA

PAT TTM CAGR Grwth( %) Eps Sales%

CMP Rs.

52W high

52W Low

Latest PE

M. Cap.

Promter holding(%)

75.56 60.29 6.55 17.86 6.48 27.23 27.84 12.54 42.41

21.39 19.65 26.66 17.43 20.02 18.01 0.00 33.62 3.24

536.40 1764.51 73.92 212.86 32.71 86.02 36.85 257.49 75.93

36.25 14.51 -12.70 12.54 20.70 6.01 -7.11 5.99 37.75

149.98 377.46 40.61 43.49 12.40 30.68 -0.90 70.42 6.07

18.99 33.45 257.69 145.76 49.08 64.67 -8.84 37.15 55.84

0812 0903 0903 0903 0903 0903 0903 0903 0903

121.13 332.68 13.58 53.30 11.88 19.18 7.34 56.90 13.39

-15.26 -40.34 -35.27 -21.77 25.98 -27.24 -26.97 -20.29 -34.78

20.50 38.25 3.03 7.87 5.04 2.72 -1.62 7.91 1.25

-62.71 -71.64 -51.83 -50.03 75.00 -66.91 -79.10 -60.53 -29.38

2.84 3.32 33.16 20.91 14.41 7.08 0.00 8.42 0.86

31.89 25.39 22.61 17.50 24.29 42.73 -1.70 29.74 26.16

32.00 61.55 193.00 205.70 221.05 59.50 63.85 77.20 32.70

43.15 99.80 356.50 323.50 266.40 105.30 68.85 115.65 60.00

16.00 34.00 126.20 132.35 85.00 37.00 8.45 34.50 14.45

9.82 17.59 5.82 9.84 15.20 8.40 0.00 9.07 38.02

1208.96 4452.53 126.42 367.38 286.48 162.02 267.72 484.04 138.68

51.56 29.53 74.63 55.83 74.40 69.43 12.77 74.99 32.08

364.13 400.68 186.20 27.14

1.52 11.43 8.00 20.77

102.77 818.21 66.39 199.91

207.79 40.72 40.93 13.64

62.70 213.41 27.98 168.65

30.78 65.13 19.78 105.07

0903 0903 0903 0903

25.59 280.01 20.50 21.42

-58.72 -14.64 15.43 -85.59

9.32 151.19 10.57 14.05

-75.05 65.96 58.95 -89.70

0.53 11.51 1.80 5.53

8.66 69.64 32.19 98.97

139.65 617.85 42.40 105.65

183.50 704.90 50.45 229.50

45.60 250.00 16.05 44.50

258.61 53.68 23.43 19.49

25425.38 24756.01 789.45 1530.34

74.91 81.20 26.37 65.92

15.15 6.00 34.23 168.23 77.87

32.93 14.54 33.03 -4.91 12.15

977.19 -1.19 291.39 2.92 12411.44 6.68 1899.79 -4.11 5771.01 22.46

88.22 28.53 304.75 -78.91 67.11

200.35 68.96 58.61 117.07 73.14

0903 0812 0903 0903 0903

208.23 60.55 2981.59 469.87 1561.63

-13.51 -19.62 0.38 -0.25 -5.88

33.27 2.22 66.67 42.93 29.41

44.21 -68.47 -19.07 -159.86 12.94

69.68 6.39 15.06 2.55 10.36

9.96 9.15 51.31 12.25 30.38

631.50 46.35 118.55 90.45 233.25

773.60 99.25 142.20 147.00 328.90

249.95 29.60 64.05 41.10 80.10

9.42 7.14 7.87 0.00 22.62

956.72 139.05 2029.58 1522.27 1825.41

51.12 62.37 54.58 16.29 43.54

130.75 22.51 18.70 12.77 13.11 13.68 111.37 22.93 20.36 18.87 9.18 428.19 18.43 12.42 10.88 133.27 28.73 8.80 26.82 286.00 27.61 26.65 10.66 12.50 11.76 15.61 25.42 366.81 13.81 44.27 10.97 38.00 208.93 16.75 34.99 32.37 41.87 14.00 25.62 49.34 13.36 15.39 160.90 28.56 134.10 6.00 10.52 20.65 18.68 34.85 12.00 10.00 31.14 121.40 39.33 21.40 292.30 8.10 11.79 23.96 16.45

29.91 6.09 13.14 36.35 17.10 35.66 9.67 21.49 3.89 54.37 115.26 1.17 28.99 10.44 57.20 20.72 5.84 44.85 1.62 37.18 11.64 0.00 0.00 3.41 35.77 27.36 55.28 8.39 34.59 4.02 30.25 5.64 42.38 16.79 14.02 10.29 15.77 7.62 15.32 8.99 13.82 -21.19 21.46 5.94 26.10 11.24 25.23 13.05 14.55 -0.79 13.61 16.15 49.80 66.65 49.83 22.55 29.35 28.67 45.89 24.14 26.38

527.24 17.88 285.76 42.90 392.54 18.05 297.38 90.59 60.02 115.51 273.78 21.40 213.56 19.82 278.94 13.15 67.44 -1.43 116.98 35.83 137.55 39.16 553.49 12.06 255.46 54.74 172.37 -1.68 272.96 105.08 4615.39 22.47 498.17 6.26 670.69 101.72 28.74 100.28 20264.00 29.50 566.57 30.19 20.95 42.52 24.31 -14.37 22.77 -8.19 268.14 138.28 463.35 46.73 136.52 200.77 284.64 102.32 583.27 17.08 123.83 -19.08 171.98 61.06 1012.57 37.98 1451.55 -14.79 85.80 29.61 61.94 -23.12 209.43 6.34 1792.97 15.50 31.81 -4.13 1541.02 31.52 938.02 3.73 203.85 31.03 96.56 22.90 850.92 42.02 389.25 6.26 8137.28 30.65 0.68 -54.97 243.58 22.51 565.45 32.55 20.53 42.37 143.87 -32.09 87.43 52.61 129.03 57.33 401.55 30.39 3604.70 30.71 1013.01 13.36 223.90 91.93 17492.60 27.83 26.56 19.37 113.60 69.63 335.87 20.70 605.94 50.20

184.57 6.10 80.94 43.56 17.51 7.63 11.68 94.91 14.08 43.91 961.25 15.11 110.40 21.42 33.65 780.65 36.76 108.95 1.10 5819.00 70.86 -24.68 -7.13 4.35 52.37 64.08 25.20 53.62 99.23 12.44 52.53 30.01 264.51 6.49 41.34 26.15 410.87 -6.75 389.15 52.64 23.65 22.93 262.94 24.93 1715.74 1.88 53.36 38.26 4.50 -6.19 20.65 87.35 52.67 325.70 250.51 49.93 3063.30 10.98 39.79 45.38 82.24

49.46 44.42 69.64 45.97 93.31 39.92 22.43 41.95 61.26 70.05 320.13 22.04 47.68 34.23 68.42 48.22 40.27 83.08 2.70 311.35 124.94 34.21 10.20 103.18 154.38 21.99 22.31 20.78 105.70 71.69 185.14 139.57 55.67 25.92 113.70 63.36 335.88 29.24 196.80 60.94 135.36 108.07 81.04 148.06 109.71 39.50 21.28 147.05 1.78 217.78 204.30 115.51 38.20 101.19 32.25 126.64 79.05 56.19 89.58 85.56 247.46

0903 0903 0903 0903 0812 0903 0903 0812 0903 0903 0812 0903 0903 0903 0812 0903 0903 0903 0812 0903 0903 0812 0903 0903 0903 0903 0903 0812 0903 0903 0903 0903 0904 0812 0903 0903 0903 0904 0903 0903 0903 0903 0903 0812 0809 0903 0903 0812 0903 0903 0903 0903 0903 0903 0812 0812 0903 0812 0903 0903 0812

122.90 57.14 27.39 101.44 11.58 66.92 64.01 97.37 37.22 54.28 62.40 148.26 139.13 59.18 118.22 1048.90 120.06 286.10 8.12 5253.00 139.82 12.87 0.39 4.83 53.58 164.11 50.53 93.36 139.64 18.24 54.91 256.59 836.19 20.03 2.62 55.22 619.73 0.00 409.52 286.63 53.57 16.79 244.68 125.76 2700.52 0.28 58.93 170.75 0.95 174.79 8.35 38.96 106.35 1012.66 158.07 65.92 5298.90 13.05 62.68 104.39 195.47

17.09 -35.37 -75.51 23.78 -19.42 11.37 33.27 84.03 46.71 52.51 58.46 9.94 73.54 29.33 60.54 -17.77 -0.47 35.09 23.78 24.04 14.06 256.51 -90.85 2.33 -30.00 15.46 -10.39 32.44 -5.06 -38.50 7.04 25.85 50.22 -6.92 -41.39 4.13 20.01 -100.00 25.82 19.75 14.96 -24.84 8.35 34.98 38.61 -26.32 9.47 -9.43 -63.74 580.91 -71.25 2.58 -4.63 2.22 -40.48 9.50 0.07 186.81 84.35 16.62 22.25

64.03 -2.81 8.42 21.69 2.64 11.84 10.15 31.49 7.81 14.70 43.19 47.30 40.70 -35.03 18.63 152.57 20.28 34.06 0.79 1569.00 12.16 1.01 -6.47 -0.19 6.23 24.92 1.13 29.29 22.86 2.72 13.20 3.31 192.90 1.88 -260.59 8.49 293.90 -5.07 85.35 35.35 9.94 16.84 160.07 7.90 597.43 0.97 12.87 1.61 0.07 14.34 -0.82 5.73 23.27 221.39 9.82 4.03 842.10 4.73 12.71 20.01 21.49

77.22 -31.63 -70.80 75.06 -35.61 252.38 -40.92 97.80 8.47 -6.43 -91.96 265.53 21.17 -701.89 112.19 -42.01 16.35 -9.08 36.21 32.74 -30.03 -106.98 -509.49 -205.56 -55.63 119.17 -89.71 45.43 -28.63 -54.74 -17.55 -90.71 147.43 -4.57 -5260.20 -64.71 77.78 -332.57 19.22 161.08 101.62 555.25 103.26 303.06 43.22 -3.96 21.76 -88.83 -88.89 -157.59 -117.60 -76.82 33.66 -206.92 -89.42 -70.21 -6.73 89.96 0.95 23.21 -8.32

11.56 3.24 10.67 43.67 17.43 4.79 2.56 10.94 5.29 32.10 68.58 1.73 21.18 3.99 56.52 12.03 2.76 37.15 0.16 101.65 13.45 0.64 0.42 2.39 26.67 8.04 8.96 1.90 37.85 4.95 57.01 10.83 27.14 3.99 2.76 8.09 83.06 0.11 30.19 11.27 21.33 10.94 19.80 11.09 31.04 4.17 5.07 9.41 0.03 4.11 1.17 7.78 18.65 81.16 6.70 24.31 20.44 18.38 39.42 25.22 55.83

22.31 13.34 32.45 49.12 79.29 45.91 35.68 42.10 5.15 41.65 58.16 39.36 92.76 23.89 50.60 39.56 26.34 187.41 129.64 33.60 35.39 77.77 137.75 26.97 60.19 44.91 117.89 3.72 35.34 23.26 52.77 50.66 41.05 23.64 148.78 31.11 25.83 178.46 23.47 18.82 36.74 3.57 17.63 28.90 32.09 -28.35 28.44 64.21 6.10 15.49 68.64 141.52 29.65 43.01 110.36 50.66 34.43 32.51 77.10 28.29 56.46

71.90 49.20 16.05 326.95 153.00 76.20 67.15 46.95 22.65 260.00 1258.70 23.40 104.95 27.65 416.30 185.30 48.40 158.75 4.41 1765.75 150.20 37.20 9.48 106.35 166.90 46.80 47.40 3.96 216.15 22.65 115.75 432.25 383.65 72.50 37.30 86.60 1210.60 89.50 250.95 102.75 85.95 102.95 128.95 96.35 77.05 213.75 29.45 46.60 108.05 59.85 33.50 70.30 144.05 740.15 9.19 56.30 378.30 173.55 300.00 114.30 190.95

119.95 97.00 48.40 932.00 370.00 77.00 84.65 136.00 38.90 281.00 1900.05 50.80 195.00 69.70 699.00 285.00 59.00 401.05 7.45 1876.00 260.00 114.80 42.00 141.15 497.45 70.90 90.00 16.85 404.65 85.90 249.00 506.00 402.00 84.90 384.00 230.05 1569.00 204.00 274.35 115.30 99.90 122.45 360.00 162.35 493.00 241.50 35.00 118.90 366.30 121.70 72.50 255.00 216.00 860.00 18.00 225.00 486.90 197.70 380.00 155.90 311.00

25.00 39.00 5.99 146.05 54.20 27.00 40.00 35.20 11.00 72.30 404.00 9.50 38.50 10.50 161.50 89.10 17.00 48.35 2.02 1040.00 68.05 26.00 3.90 50.00 47.40 20.00 19.05 2.90 97.00 9.00 53.05 187.10 119.40 25.00 27.60 39.50 405.00 36.40 94.00 26.30 40.00 40.00 40.70 41.00 11.50 46.50 13.00 15.25 89.00 18.85 14.00 21.20 75.00 203.70 4.46 19.00 181.70 71.05 159.00 64.65 61.20

5.39 24.72 1.29 7.64 9.60 5.48 34.26 4.40 4.80 8.12 18.34 117.00 5.37 251.36 7.47 15.70 17.54 4.44 44.10 18.09 12.05 0.00 86.18 47.48 6.32 5.85 5.29 4.26 5.62 9.85 2.03 59.87 14.15 18.13 0.00 14.31 13.69 0.00 7.98 6.23 4.04 0.00 6.67 6.78 3.61 58.08 6.11 6.73 0.00 9.62 32.21 9.04 7.73 9.14 1.37 2.32 18.64 14.97 7.61 4.53 3.43

940.74 110.75 150.15 592.11 226.44 347.47 747.78 552.84 133.45 492.18 5777.43 1002.64 967.64 171.71 466.26 12416.95 695.27 746.92 189.89 101145.70 829.70 101.82 147.03 132.94 210.63 365.27 120.49 147.36 581.44 100.25 127.09 1642.12 8021.35 121.44 130.59 280.24 10139.99 125.30 3214.67 1013.73 115.60 158.03 2076.10 261.20 7526.24 143.85 309.81 130.81 2018.37 208.58 410.04 703.00 449.00 9020.21 180.72 120.48 55436.08 148.39 367.20 273.86 314.11

39.49 71.72 16.68 60.82 29.18 79.90 50.09 36.68 60.85 60.29 45.60 26.74 23.65 36.20 66.46 68.20 25.32 20.68 14.43 16.49 23.45 4.01 63.44 56.25 28.60 27.42 64.82 6.58 42.91 7.24 30.67 34.50 60.83 69.42 32.76 59.55 80.56 62.33 48.38 29.16 44.22 61.59 41.39 28.01 0.00 46.50 45.41 33.81 58.58 11.56 58.33 36.26 44.26 83.32 25.23 19.11 79.32 48.01 64.64 53.12 35.38

64.26 17.04 18.54 22.36 11.40 23.76 64.99 115.60 16.93 39.54 14.50

26.13 12.50 2.87 21.86 4.50 21.81 25.88 11.88 15.20 7.34 14.94

989.47 248.29 287.76 516.79 201.91 974.46 3347.83 165.02 552.07 561.00 1198.52

14.10 11.90 0.72 43.53 122.27 20.49 9.48 21.03 20.71 -43.24 10.52

60.74 15.96 3.61 92.67 12.36 77.35 752.21 75.21 23.78 36.26 28.47

39.44 67.38 13.69 208.36 80.11 164.93 489.91 56.05 35.07 68.49 34.27

0903 0903 0903 0903 0903 0903 0903 0903 0903 0903 0903

233.03 66.43 69.35 128.02 49.40 209.07 841.22 41.57 151.01 121.13 324.44

6.80 -7.38 -4.08 33.47 -22.20 -12.78 -5.81 -8.46 3.18 -9.51 -1.18

10.33 2.31 7.90 21.68 3.29 11.69 187.67 18.33 -17.06 68.34 11.20

-6.35 -56.66 -717.19 32.92 -52.80 -61.91 -7.54 -9.12 -629.81 1167.90 -28.43

9.34 4.15 1.75 47.00 3.13 24.58 63.05 8.20 0.11 17.29 3.90

7.98 33.28 13.68 28.72 124.51 22.39 17.68 29.28 14.95 -12.90 17.50

149.55 59.70 12.88 811.00 109.90 500.00 964.05 97.65 52.10 37.05 60.40

180.90 79.95 18.22 950.00 204.00 748.00 1090.00 109.20 90.00 135.00 89.00

76.50 31.45 6.62 271.85 42.55 370.00 540.00 42.25 26.95 19.10 30.10

16.01 14.39 22.21 19.51 34.02 20.33 15.29 11.21 306.47 10.80 14.21

961.01 101.73 119.40 1813.40 645.66 1186.50 12530.72 1051.79 442.33 146.42 437.90

51.02 64.88 64.65 81.49 45.62 81.03 63.09 45.93 49.19 43.25 67.56

19.77 24.87 19.06 10.48 8.65

-13.24 9.14 24.70 17.27 13.88

144.70 1147.28 400.43 145.34 334.53

0.97 61.65 22.55 13.80 13.96

-9.66 68.12 53.77 15.55 26.15

30.54 185.99 24.19 91.92 231.20

0903 0903 0812 0903 0903

31.18 296.57 67.77 65.18 58.89

-21.80 -7.39 14.75 89.15 68.45

-46.16 19.03 3.19 3.74 6.05

2027.19 -35.51 -12.36 -18.52 36.88

0.07 32.08 5.43 15.77 32.16

4.14 14.72 4.36 14.44 15.27

84.25 207.85 68.70 111.85 148.00

188.50 260.95 82.70 148.35 177.65

48.15 87.20 35.00 42.30 78.00

0.00 6.48 12.65 6.66 4.67

167.49 516.92 654.71 117.22 128.02

65.67 75.00 61.81 68.78 65.58

Investment Monitor July 2009

STOCK MARKET MONITOR FULL YEAR Company Name

Mining & Mineral products Ashapura Minech Balasore Alloys Ferro Alloys Cor GMDC Guj NRE Coke Himadri Chemical Mah. Elektrosm. NMDC Ltd Sandur Manganese Sesa Goa VBC Ferro Alloys Miscellaneous Advanta India AIA Engg Alchemist Carol Info Serv. Century Plyboard Confidence Petro CRISIL Dredging Corpn Entegra Ltd ETC Networks Ltd GSPL Greenply Inds. Hanung Toys and ICRA Info Edge (India Jolly Board Karuturi Global Kaveri Seed Comp Riddhi Siddhi Gl Thomas Cook (I) Tube Investments Venky's (India) Webel Sl Energy Non Ferrous Metals Hind.Copper Hind.Zinc Hindalco Inds. Madras Aluminium Manaksia Natl. Aluminium Parekh Aluminex Sterlite Inds. Tinplate Co. Oil Drill/Allied Dolphin Offshore Jindal Drilling Packaging Bilcare Cosmo Films Essel Propack Ester Inds. Everest Kanto Jhaveri Flexo Jindal Poly Film Max India Paper Products Polyplex Corpn Rollatainers Uflex Paints/Varnish Asian Paints Berger Paints ICI (India) Kansai Nerolac Paper AP Paper Ballarpur Inds JK Paper Rama Newsprint T N Newsprint West Coast Paper Petrochemicals Bhansali Engg. Chemplast Sanmar DCW Finolex Inds Ineos ABS (India Jubilant Organ. Manali Petrochem Savita Chemicals Supreme Petroch. Pharmaceuticals Abbott India Alembic Amrutanjan Healt Ankur Drugs Astrazeneca Phar Aurobindo Pharma Aventis Pharma Biocon Bliss GVS Pharma Cadila Health Cipla Dishman Pharma Divi's Lab Dr Reddy's Labs Elder Pharma

Year Equity RONW Net Ended Rs. Cr % Sales

LATEST QUARTER

Net PAT Sales% Growth

Qtr. End

Net Net PAT Sales Sales%

CURRENT DATA

PAT TTM CAGR Grwth( %) Eps Sales%

CMP Rs.

52W high

52W Low

Latest PE

M. Cap.

Promter holding(%)

0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803

15.79 33.66 18.53 31.80 337.02 31.51 24.00 132.16 8.75 39.36 4.19

31.73 13.30 48.69 27.78 17.81 28.57 44.54 46.14 351.80 69.44 2.34

1493.06 519.83 312.57 980.13 872.15 361.33 319.03 5711.31 269.67 3602.16 46.55

66.10 59.01 60.14 66.42 69.90 11.76 36.30 36.44 120.08 77.99 -27.92

135.59 33.29 49.25 263.93 172.88 82.93 36.32 3250.98 57.81 1492.00 3.15

62.20 38.97 6.52 66.77 32.88 99.76 39.73 627.24 49.78 709.13 323.03

0812 0812 0903 0903 0812 0812 0903 0903 0903 0903 0903

206.42 132.95 86.00 316.38 434.33 86.44 91.95 1936.06 74.02 1342.28 12.47

-42.47 18.82 -8.29 -1.88 78.88 -4.09 -22.85 2.19 -33.89 -17.28 11.44

-77.89 -20.49 -10.30 70.60 13.26 23.03 6.68 1021.19 6.66 528.78 -2.89

-310.86 -305.52 -169.45 10.85 -73.46 5.59 -41.20 0.42 -82.65 -33.76 -666.67

6.45 6.87 2.45 7.43 6.12 28.29 17.04 11.03 160.74 24.71 8.55

49.46 34.97 22.23 27.43 54.82 30.99 15.28 36.30 52.46 55.13 6.79

44.25 16.80 9.52 79.10 47.65 235.05 525.00 350.55 347.00 189.85 260.40

189.00 60.60 30.90 142.48 99.71 404.00 604.70 489.00 1429.70 215.50 349.75

18.55 6.28 4.86 25.10 16.80 67.00 153.00 115.20 172.45 60.00 81.00

0.00 4.52 5.99 10.65 7.97 8.45 34.43 31.78 2.06 7.69 28.49

349.58 108.02 176.88 2515.38 2251.08 758.27 1260.00 138982.56 303.63 14944.99 109.37

42.88 46.38 75.00 74.00 45.56 52.29 99.12 98.38 74.40 51.18 33.72

0812 0803 0803 0803 0803 0703 0812 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0812 0803 0903 0803

16.84 18.80 12.24 35.44 19.80 15.25 7.23 28.00 51.00 9.74 562.01 8.50 25.19 10.00 27.30 0.91 33.10 13.70 11.14 16.08 36.95 9.39 7.74

4.43 22.78 14.62 3.57 32.38 39.33 32.78 13.05 -0.12 47.36 9.49 30.50 28.22 17.77 23.14 60.67 5.60 21.15 14.62 35.20 8.23 13.82 9.69

106.02 592.64 307.93 23.85 594.08 50.96 255.32 705.37 193.50 77.82 417.89 588.28 488.55 60.69 245.06 55.39 38.08 96.57 332.09 274.77 1762.33 569.26 100.63

49.13 48.45 -19.97 17.60 40.40 232.64 73.98 23.11 -1.87 278.69 31.59 38.35 77.97 52.53 55.57 47.98 8.12 46.83 -0.17 15.93 9.12 8.81 -5.63

12.19 108.31 10.70 13.40 44.62 6.48 70.67 154.82 -0.19 23.37 99.92 38.73 60.74 26.63 55.49 9.28 12.04 13.96 19.89 30.20 56.50 20.56 5.28

261.29 279.33 80.85 106.68 80.01 1.16 479.14 442.42 12.55 99.27 20.30 86.46 97.45 157.30 97.59 245.38 58.08 76.91 134.08 5.71 38.86 167.32 112.92

0903 0812 0903 0812 0812 0812 0903 0812 0903 0903 0812 0812 0903 0903 0903 0903 0903 0812 0812 0903 0903 0903 0812

14.79 281.44 85.52 6.59 156.50 50.82 104.43 223.77 4.09 14.13 117.44 195.22 166.33 28.89 57.70 11.53 9.94 20.00 124.05 49.36 469.38 153.10 42.81

50.00 68.50 -28.10 2.97 11.90 40.15 20.02 50.94 -91.89 -29.21 6.16 28.00 1.65 65.84 -11.23 -26.84 -11.41 57.73 40.47 -12.28 -2.56 18.21 76.75

-11.42 29.13 3.76 3.95 -12.37 4.03 36.43 24.80 2.14 1.30 27.64 10.32 13.13 12.08 13.83 1.87 3.11 1.94 1.26 -1.42 -4.43 7.31 2.42

23.19 -8.02 -23.58 108.99 -211.04 -39.85 26.93 66.55 -142.63 -85.52 9.68 5.31 -37.74 46.07 -11.40 -36.39 12.27 25.97 -85.11 -152.40 -148.47 153.82 13.62

14.68 13.08 13.65 20.87 1.69 0.90 200.85 38.41 0.35 9.62 2.30 21.67 26.30 36.15 21.87 107.03 0.20 17.46 9.41 1.79 4.89 25.67 12.30

24.55 30.61 32.19 -29.85 40.05 129.52 30.68 7.43 89.93 47.17 35.73 34.44 49.17 14.48 94.03 7.21 49.38 32.55 23.52 21.20 10.16 13.31 24.08

605.15 221.15 106.75 47.35 37.95 7.82 3328.10 462.40 21.65 106.85 48.80 96.55 72.70 730.65 607.70 370.00 13.45 187.75 132.75 53.50 48.30 111.55 148.80

914.90 330.00 114.00 58.80 66.00 15.80 3798.95 649.95 30.33 209.80 67.30 191.00 221.85 900.00 1040.00 835.00 28.20 284.00 240.80 98.23 57.25 157.10 305.00

311.90 102.05 43.05 26.20 23.10 2.65 1848.15 180.00 8.35 50.10 25.25 39.75 24.25 320.00 390.00 132.00 6.40 111.00 57.95 30.15 21.70 65.05 44.55

157.59 16.91 7.83 8.97 24.33 8.79 16.58 12.04 24.06 12.09 21.22 4.39 2.76 20.21 27.80 3.63 70.79 10.64 11.25 41.47 28.25 5.76 13.55

1018.47 2078.81 130.66 167.81 843.25 201.05 2406.22 1294.72 220.53 104.07 2743.15 164.14 183.13 730.65 1659.02 168.35 614.13 257.22 147.88 1130.99 892.34 104.75 115.17

65.95 69.57 28.01 63.73 86.11 45.52 51.50 78.56 73.08 70.51 37.77 54.92 62.28 28.51 54.15 89.89 23.84 60.98 43.05 77.31 51.63 56.17 38.78

0803 0803 0803 0903 0803 0803 0803 0803 0803

384.11 422.53 122.65 22.50 13.91 644.31 12.94 141.70 28.92

26.09 45.15 19.17 16.53 10.39 19.69 17.24 10.80 6.83

1595.75 2.66 7895.47 -7.63 18982.55 4.91 491.58 4.01 738.91 14.65 5021.97 -15.68 298.62 60.27 12659.59 8.05 391.30 -12.85

246.46 4396.07 2860.94 45.86 41.01 1631.52 26.12 951.63 3.94

11.71 280.41 141.02 34.84 75.12 137.74 176.98 185.82 20.65

0812 0903 0812 0903 0812 0903 0812 0903 0903

169.31 1262.68 4117.18 112.11 321.95 1088.46 108.44 2279.83 209.85

-60.25 -44.27 -9.29 -13.17 56.53 -22.59 27.98 -32.54 94.58

-96.60 551.47 544.80 28.74 10.44 83.02 9.64 211.56 21.88

-279.92 -53.35 0.39 -293.67 -7.28 -80.03 13.28 -30.96 592.41

1.83 64.55 22.37 5.55 5.83 19.75 27.98 17.45 6.75

29.67 40.77 31.82 10.11 12.93 14.09 46.98 44.34 12.22

236.70 604.60 84.35 115.85 43.85 334.95 85.45 593.95 42.45

367.20 695.70 150.72 224.80 87.80 452.00 148.00 770.00 53.75

70.20 215.00 36.90 34.55 24.15 108.35 45.15 164.50 18.20

493.13 9.37 4.72 21.90 7.52 16.96 3.06 35.48 3.51

21899.96 25546.16 14345.40 1303.31 304.98 21581.16 110.57 42093.24 122.21

99.59 64.92 36.10 80.00 58.10 87.15 28.96 61.19 32.34

0803 0803

9.56 11.47

12.57 11.99

227.70 412.76

10.64 35.56

16.26 18.37

77.11 0903 205.89 0903

119.48 333.64

14.42 13.51 226.23 15.15

14.88 175.96

41.83 15.84

29.71 27.68

268.80 493.90

314.00 833.98

105.20 225.00

6.42 31.06

256.97 1133.01

67.00 75.00

0803 0803 0812 0903 0803 0803 0803 0803 0812 0803 0809 0803

16.45 19.44 31.31 27.75 20.23 11.06 28.10 44.35 12.54 16.57 10.01 64.97

21.16 27.01 4.74 28.01 14.09 42.30 15.60 4.06 8.89 10.49 0.00 10.64

406.35 580.67 333.95 372.93 333.02 130.65 1260.05 281.64 619.29 191.01 48.42 1267.58

25.81 8.86 7.61 16.93 0.83 25.32 23.49 81.80 15.49 2.37 25.41 5.79

61.69 44.50 27.18 33.43 47.26 14.28 132.57 61.90 21.29 12.37 -4.44 61.93

220.81 93.20 37.33 24.30 39.12 17.41 324.86 92.17 38.82 77.05 -23.17 98.11

0812 0903 0903 0903 0903 0903 0903 0812 0903 0812 0903 0903

117.10 133.71 74.80 81.03 73.25 39.06 350.36 78.22 143.17 53.49 8.76 364.60

12.47 -6.93 4.29 -2.67 -32.21 15.39 5.31 0.94 -1.93 13.37 -24.61 0.60

16.03 54.89 2.26 10.80 -4.71 0.35 40.97 3.26 11.04 1.50 -1.03 57.40

-3.38 272.14 -33.92 980.00 -140.92 -88.45 52.42 -84.44 17.20 13.64 -2.83 131.08

34.48 44.99 1.66 6.02 4.14 1.36 44.95 2.20 3.66 9.84 0.73 16.18

36.61 12.99 8.05 6.45 30.11 58.04 26.05 14.11 9.81 6.16 -12.07 14.31

457.30 90.00 23.60 18.50 208.35 41.35 272.35 206.10 41.75 168.60 140.45 73.65

795.00 112.80 32.80 25.85 327.00 69.90 330.00 253.80 56.80 195.00 153.80 144.00

279.00 55.00 9.50 6.74 84.00 28.50 104.10 81.00 23.00 95.00 47.50 52.10

13.42 3.15 14.84 3.07 36.94 103.38 4.39 93.68 12.28 15.63 0.00 5.95

787.01 174.96 369.58 102.68 2107.46 104.04 720.91 4575.42 261.77 269.59 140.59 478.50

46.67 43.65 58.92 68.35 59.75 74.57 58.60 34.84 63.88 46.93 94.07 42.88

0903 0803 0903 0903

95.92 63.77 38.07 26.95

35.82 29.60 9.88 15.80

4495.05 1339.28 905.84 1478.68

25.25 15.47 -2.60 5.31

362.36 92.08 294.59 98.59

114.10 10.91 254.69 242.84

0903 0903 0903 0903

1100.07 352.04 189.59 315.50

26.24 4.67 -13.84 3.81

92.54 21.49 21.83 20.08

9.08 -10.20 125.75 -16.19

38.39 2.78 71.31 36.67

20.11 18.13 3.01 12.78

1082.25 40.05 525.25 640.00

1298.00 54.90 597.95 730.25

680.90 25.75 351.55 325.00

30.99 14.41 26.69 19.06

10380.94 1276.99 2006.98 1724.80

49.98 73.72 54.38 69.27

0803 0806 0803 0803 0803 0803

25.73 111.12 78.15 58.16 69.38 11.48

2.84 7.92 12.21 0.35 18.25 25.94

578.41 952.12 682.95 354.09 971.86 583.62

18.82 -56.08 -19.53 0.75 9.89 5.12

16.54 129.45 34.71 1.07 112.83 81.90

161.84 22.82 49.30 52.50 95.16 69.55

0903 0903 0903 0812 0903 0812

142.87 252.64 263.52 69.37 286.29 150.15

-23.51 3.80 19.16 -5.64 14.42 3.99

18.78 33.09 15.08 0.28 21.23 22.21

509.74 -11.85 -4.44 -40.43 -22.46 0.45

9.88 2.54 4.86 1.05 15.52 14.92

9.57 -13.57 2.40 2.55 12.48 4.65

74.80 20.70 27.15 17.65 78.05 50.80

84.90 36.45 37.00 33.05 102.00 68.00

35.00 13.25 14.00 10.95 51.30 30.50

10.70 8.15 5.59 41.05 5.70 3.57

192.46 1149.89 212.18 102.65 540.18 306.58

50.73 40.30 39.54 55.45 35.32 49.70

0803 0803 0803 0803 0812 0803 0803 0803 0806

16.59 47.98 39.23 124.00 17.59 14.62 86.03 14.60 97.51

8.84 0.78 13.23 13.15 8.00 33.52 5.27 27.05 10.24

257.38 640.07 751.31 1394.85 604.00 1976.22 325.32 905.04 1483.44

7.13 4.63 13.36 35.80 8.42 22.83 3.74 13.82 -0.69

6.94 7.18 35.79 71.18 17.95 392.27 6.01 61.96 22.57

4.88 5.28 15.25 44.68 131.13 94.29 6.50 171.39 19.30

0903 0903 0903 0812 0903 0903 0903 0903 0903

66.58 142.95 235.98 408.57 111.72 548.06 85.90 286.19 331.88

12.96 -18.12 8.31 -0.08 -15.31 2.57 5.49 10.00 -12.67

6.70 -20.12 11.31 -60.92 5.93 -15.29 4.11 -6.45 34.19

150.94 -175.53 288.66 -382.43 35.70 -118.47 144.64 -127.71 462.34

0.60 0.02 1.60 1.05 13.57 0.99 0.41 18.37 3.62

28.92 6.55 6.51 17.31 11.96 23.18 10.79 26.17 14.38

13.19 5.73 13.75 40.00 104.45 172.65 10.29 186.70 19.50

17.50 9.52 19.25 64.45 160.00 380.00 13.39 288.80 25.90

4.98 3.46 6.06 25.05 70.00 85.00 6.02 99.00 9.60

0.00 0.00 6.19 9.13 9.41 8.58 25.10 15.82 0.00

218.82 458.23 269.71 496.12 183.73 2546.59 176.99 272.58 189.09

44.82 75.00 38.61 52.12 83.33 50.44 38.30 71.52 59.69

0811 0803 0803 0803 0812 0803 0812 0803 0803 0803 0803 0803 0803 0803 0803

13.68 27.69 3.20 12.70 5.00 26.88 23.03 50.00 6.45 62.80 155.46 15.94 12.91 84.09 18.82

27.80 23.22 23.56 38.18 53.61 27.05 22.07 15.32 78.98 24.40 20.12 14.63 49.94 10.35 19.68

695.32 990.07 74.55 673.50 354.76 2218.23 995.37 877.34 102.39 1642.70 3997.90 359.00 1033.22 3365.20 551.20

11.71 43.16 2.98 80.45 17.21 18.79 15.20 3.10 64.24 16.22 16.28 30.55 42.43 -14.93 22.69

62.87 112.19 4.99 63.50 73.84 290.78 166.20 434.92 33.73 236.20 701.43 59.56 353.55 475.22 69.70

161.73 24.66 79.53 165.94 46.46 227.05 353.73 132.73 9.59 83.90 48.20 56.72 135.40 286.11 203.82

0902 0903 0812 0903 0903 0903 0903 0903 0812 0903 0903 0903 0903 0903 0903

165.84 241.60 26.34 241.73 77.44 769.98 228.90 221.60 42.46 430.61 1235.17 104.72 325.85 1144.80 157.59

12.20 -7.95 23.84 16.49 11.17 21.76 5.53 0.84 90.57 16.58 14.20 1.62 17.05 15.11 0.90

14.07 -5.13 2.91 -5.50 7.27 90.38 40.50 24.14 11.72 42.57 252.92 31.41 107.87 156.17 10.07

-0.57 -133.44 321.74 -127.56 -34.74 18.80 17.39 -61.08 41.38 20.25 40.94 235.58 14.31 -3.75 -50.69

34.99 1.24 288.96 28.08 27.99 31.80 74.87 5.79 4.64 20.44 9.87 11.43 65.58 33.32 29.58

9.99 14.50 1.54 105.74 14.88 15.05 8.69 28.10 106.00 12.14 22.70 26.36 33.28 17.33 20.04

457.35 38.35 366.70 114.20 638.00 450.20 1084.20 206.60 19.60 342.40 261.10 172.20 1060.65 736.85 238.80

615.00 53.00 425.00 284.50 679.10 503.00 1310.00 226.30 31.88 359.80 269.00 332.40 1613.80 764.00 360.00

362.00 24.75 236.00 51.00 400.00 101.60 662.00 86.55 7.00 222.00 146.40 87.00 765.05 357.00 191.00

9.96 35.51 11.50 2.50 22.79 18.27 14.50 20.27 5.08 16.85 26.43 15.07 16.21 22.15 8.09

625.65 526.16 113.68 212.64 1595.00 2420.28 2496.91 4132.00 202.27 4673.76 20294.00 1389.65 6878.32 12427.71 450.38

68.94 61.77 46.24 36.07 90.00 59.85 60.39 60.92 67.27 74.63 39.38 60.77 53.41 26.40 38.47

Investment Monitor July 2009

STOCK MARKET MONITOR FULL YEAR Company Name

Year Equity RONW Net Ended Rs. Cr % Sales

FDC 0803 Fulford (India) 0812 Glaxosmit Pharma 0812 Glenmark Pharma 0803 Granules India 0806 Ind-Swift Labs. 0803 Indoco Remedies 0803 Ipca Labs. 0803 J B Chem & Pharm 0903 Jupiter Bio. 0803 Lupin 0803 Marksans Pharma 0803 Matrix Labs. 0803 Merck 0812 Morepen Labs. 0803 Natco Pharma 0803 Nectar Lifescn. 0803 Novartis India 0803 Orchid Chemicals 0803 Panacea Biotec 0803 Pfizer 0811 Piramal Health 0903 Plethico Pharma 0812 Ranbaxy Labs. 0812 Shilpa Medicare 0803 SMS Pharma 0803 Solvay Pharma 0812 Strides Arcolab 0812 Sun Pharma. 0803 Surya Pharma. 0803 Suven Life Scie. 0803 Torrent Pharma. 0803 Unichem Labs. 0803 Venus Remedies 0803 Vinati Organics 0803 Wockhardt 0812 Wyeth 0803 Zandu Pharma. 0803 Zenotech Lab. 0703 Plantation & Plantation Products Assam Company 0712 Bombay Burmah 0803 CCL Products 0803 Dhunseri Tea 0803 Goodricke Group 0812 Harr. Malayalam 0803 Jay Shree Tea 0903 Tata Coffee 0803 Tata Tea 0803 Warren Tea 0803 Plastic products Astral Poly 0803 Jain Irrigation 0803 Kemrock Inds. 0803 Mah. Polybutenes 0803 Supreme Inds. 0806 Time Technoplast 0803 V I P Inds. 0803 Power Generation & Distribution BF Utilities 0809 CESC 0803 Energy Devlop.Co 0803 Guj Inds. Power 0803 GVK Power Infra 0803 Indowind Energy 0806 Neyveli Lignite 0803 NTPC 0803 Power Grid Corpn 0803 Reliance Infra 0803 Tata Power Co. 0803 Readymade Garments/ Apparells Gokaldas Exports 0803 Kewal Kiran Clot 0803 Koutons Retail 0803 Page Industries 0803 Richa Industries 0803 Zodiac Cloth. Co 0803 Realty Ahluwalia Contr 0803 Akruti City 0803 Alchemist Realty 0803 Anant Raj Inds 0803 B.L.Kashyap 0803 Brigade Enterpr 0803 C & C Constructi 0806 CCCL 0903 Era Infra Engg. 0803 Gammon India 0803 Gayatri Projects 0803 Hind.Construct. 0903 ITD Cem 0812 IVRCL Infra. 0803 Jaiprakash Assc. 0803 JMC Projects 0803 KNR Construction 0803 Kolte Patil Dev. 0803 Madhucon Project 0803 Mah. Lifespace 0803 MSK Projects 0803 Nag. Constructn. 0803

LATEST QUARTER

Net PAT Sales% Growth

Qtr. End

Net Net PAT Sales Sales%

CURRENT DATA

PAT TTM CAGR Grwth( %) Eps Sales%

CMP Rs.

52W high

52W Low

Latest PE

M. Cap.

Promter holding(%)

19.22 3.90 84.70 24.87 20.23 24.03 12.29 25.09 16.87 18.13 82.08 35.94 30.92 16.86 71.46 28.04 15.23 15.98 65.85 6.68 29.84 41.80 34.07 210.19 3.47 10.00 5.05 40.05 103.56 14.47 11.57 42.31 18.02 8.45 9.87 54.72 22.72 8.06 28.81

18.65 16.57 30.89 52.63 5.14 13.73 16.48 25.80 15.82 11.55 32.02 12.38 9.30 16.87 0.00 16.40 34.06 23.23 31.03 21.54 19.76 24.97 20.96 0.00 22.07 13.89 33.46 19.41 30.47 26.34 7.61 29.63 19.44 50.66 41.90 0.00 31.64 22.46 8.32

489.61 185.34 1665.29 1371.33 213.81 444.50 262.39 1103.49 721.17 129.81 2523.63 236.46 952.08 312.55 123.32 229.04 735.95 553.13 1238.92 830.44 707.10 2318.90 472.14 4564.96 95.81 207.19 201.64 593.14 3151.92 486.51 117.28 984.59 575.73 212.70 146.33 1490.29 329.65 136.24 12.85

14.37 10.28 6.05 69.69 15.14 29.31 -19.09 16.91 32.17 24.83 28.56 2.98 25.88 -4.72 -2.74 23.95 72.75 2.27 35.71 -0.11 -0.41 21.16 -14.07 8.07 40.09 24.83 20.48 43.66 40.51 71.67 4.99 11.68 6.62 51.67 78.34 21.97 15.42 5.69 3.80

65.76 19.47 19.72 329.31 576.57 181.95 389.02 41.34 9.13 88.57 31.02 97.95 30.09 206.88 141.12 242.19 78.74 63.08 27.04 161.30 443.38 160.46 14.92 3.56 -298.36 43.98 68.82 267.73 -48.76 6.49 40.05 78.17 83.70 185.92 97.23 140.31 184.54 104.49 133.17 104.37 299.12 301.46 275.32 56.89 60.85 178.93 -1044.80 84.24 10.98 31.46 27.16 208.20 32.80 216.36 6.13 82.34 1014.04 203.15 41.72 123.36 8.35 9.69 155.52 69.16 77.71 118.76 38.52 110.69 15.20 43.22 -348.76 61.89 81.48 113.73 16.41 963.28 3.63 20.78

0903 0903 0903 0812 0903 0812 0903 0903 0903 0903 0903 0812 0812 0903 0903 0812 0812 0903 0812 0903 0902 0903 0903 0903 0903 0903 0903 0903 0903 0903 0903 0903 0903 0903 0903 0903 0812 0903 0812

133.28 32.17 459.80 244.31 86.86 150.73 84.99 317.09 155.16 47.42 704.60 50.73 396.13 98.84 42.01 67.51 134.31 134.38 310.21 227.63 185.97 622.97 123.43 802.22 40.00 47.57 49.97 169.76 770.35 196.49 36.43 279.22 144.91 63.41 45.26 353.59 93.78 38.19 1.08

50.04 2.55 9.08 -43.65 75.58 32.53 -2.40 28.91 9.70 2.66 13.72 -12.75 47.28 18.57 22.98 13.88 -22.40 2.93 -6.21 16.42 23.67 18.49 -3.68 -18.75 24.77 -16.60 25.05 41.83 32.44 25.57 4.03 26.16 6.24 1.33 8.93 8.32 12.55 32.60 -29.87

7.39 -1.12 143.27 36.92 1.14 8.47 3.92 7.90 12.38 10.12 88.37 0.18 36.14 8.61 2.86 11.28 5.65 20.71 -6.31 -40.17 39.01 116.27 13.37 -777.78 2.34 -8.69 7.50 21.48 424.69 13.04 0.35 34.95 28.19 9.73 12.17 -30.44 20.79 7.97 -4.74

94.47 -380.00 18.14 -74.79 -43.56 17.15 -46.37 -65.11 23.18 2.43 15.31 -97.43 5.24 -46.82 -476.32 5.32 -68.58 -3.81 -111.66 -261.26 -79.78 3.54 -58.19 -852.06 -44.55 -185.62 13.81 -233.83 71.32 1.95 -82.84 13.40 49.63 -20.96 174.10 -4158.67 18.53 599.12 -62.68

4.36 49.57 70.70 11.66 3.54 16.73 25.49 36.36 9.34 19.56 50.61 0.52 7.65 32.88 0.08 15.10 12.94 32.44 2.41 5.11 48.67 13.20 29.49 0.64 2.99 13.41 66.75 37.56 61.10 38.90 0.88 22.07 34.61 50.52 25.46 3.35 41.08 324.76 0.00

17.98 10.04 8.78 35.44 28.07 27.39 15.73 18.08 19.04 16.09 21.86 33.98 19.00 -1.83 -24.42 17.04 37.49 3.26 18.56 25.27 5.20 11.14 26.73 4.65 31.78 37.45 15.86 17.39 31.77 30.15 22.09 21.50 14.64 60.60 37.44 15.36 2.24 6.27 203.38

39.90 467.60 1210.15 219.10 61.05 39.75 169.00 508.30 41.45 65.20 832.60 5.03 207.40 389.00 8.11 78.00 18.05 428.85 105.25 152.20 829.15 312.55 180.40 270.55 74.55 121.00 675.00 136.10 1284.15 98.65 20.15 170.45 204.30 218.65 135.00 133.70 570.00 7307.25 104.00

49.30 21.70 518.00 271.50 1299.00 930.00 696.50 119.15 69.00 28.20 54.60 22.30 304.50 104.00 599.00 285.05 54.90 27.10 127.80 28.80 905.00 518.00 21.75 3.61 211.00 48.00 414.90 260.00 13.50 4.27 95.00 38.00 38.87 9.10 467.50 221.00 268.90 56.50 367.00 51.00 864.00 436.25 366.90 163.75 475.00 81.00 556.50 133.15 97.45 29.30 287.20 72.10 770.00 477.10 206.70 60.65 1600.00 953.00 117.50 47.00 32.75 9.40 209.70 112.15 247.55 132.00 427.00 143.00 150.25 50.75 232.60 67.50 619.95 348.10 24643.20 4000.00 138.00 83.50

8.66 10.02 22.21 19.25 26.31 2.57 6.63 12.79 4.52 3.29 16.60 10.06 0.00 11.83 0.00 6.28 3.38 13.91 6.53 0.00 16.87 25.68 4.89 338.19 14.09 19.00 10.11 2.77 21.02 2.53 33.03 7.39 5.90 4.33 5.30 14.92 13.88 24.27 0.00

750.92 182.36 10249.97 5488.46 122.53 103.23 207.70 1270.24 349.63 105.17 6923.07 185.00 3206.40 655.85 289.81 218.71 274.90 1370.60 741.38 1016.70 2474.18 6532.29 614.62 11372.84 164.01 121.24 340.88 545.08 26597.31 142.75 233.54 1442.35 736.30 185.20 133.25 1463.21 1295.04 588.96 358.07

65.08 53.93 50.67 52.09 34.21 37.69 59.07 46.36 55.58 17.88 50.63 48.83 76.13 51.00 43.48 61.54 64.46 50.93 21.18 68.00 41.23 49.57 87.01 63.92 59.95 53.60 68.85 25.83 63.71 35.15 62.09 71.51 48.42 25.79 72.79 73.64 57.15 72.80 25.77

30.46 13.96 13.30 6.99 21.60 18.45 10.68 18.68 61.84 10.71

0.65 24.79 29.62 3.36 23.75 2.57 11.15 7.25 10.98 2.42

151.91 226.02 244.42 91.53 293.19 201.64 414.67 301.02 1134.70 132.73

1.61 10.66 13.20 38.72 23.97 -2.33 55.10 14.35 7.61 -2.60

8.55 10.48 35.19 13.51 17.59 6.18 13.88 24.68 312.86 1.67

9.78 63.22 123.83 178.03 36.61 89.93 152.71 182.87 288.19 61.40

0903 0812 0903 0903 0903 0903 0903 0903 0903 0812

27.79 57.56 62.02 21.40 46.68 59.93 73.66 61.74 339.49 60.12

44.82 1.27 -19.55 9.91 45.74 -1.12 -9.80 -32.30 23.44 43.38

-19.33 -5.30 1.14 -8.55 -22.36 -8.99 -7.99 -5.09 29.26 11.13

-25.40 -646.39 -94.20 30.14 -3.91 1772.92 -23.03 -129.42 -83.64 884.96

1.08 2.48 15.32 23.38 18.92 8.14 20.48 12.71 25.71 33.87

2.51 14.51 32.89 10.86 10.10 11.35 18.52 12.76 8.88 2.68

14.97 274.85 126.05 126.00 91.75 76.15 197.45 199.10 727.15 147.60

28.90 439.80 182.25 162.00 104.70 114.00 214.00 223.00 845.95 155.85

6.20 100.00 51.15 56.00 38.00 30.10 68.05 134.20 430.00 53.90

18.71 22.98 8.23 8.85 10.72 23.29 15.19 19.95 27.15 6.68

463.77 383.69 167.65 147.55 198.18 140.57 210.88 371.92 4496.70 158.08

46.19 64.04 30.29 75.00 74.00 50.30 41.86 57.48 35.32 83.51

11.24 72.06 10.13 16.41 27.62 20.93 28.26

23.54 23.14 19.07 -9.02 21.70 17.68 21.67

135.81 1851.06 219.94 38.70 1310.22 471.21 550.19

40.71 32.70 58.74 421.56 12.79 32.53 29.84

17.07 145.54 25.01 2.87 51.11 63.52 20.10

69.97 116.67 191.79 -0.86 89.67 180.81 46.99

0903 0903 0812 0812 0903 0812 0812

57.71 685.00 71.98 11.70 442.16 120.16 127.56

24.62 15.30 37.63 25.67 35.55 -9.62 -9.97

3.73 13.25 3.59 0.60 28.56 11.48 -0.91

-28.68 -63.79 -38.10 -257.89 245.76 -12.96 -112.31

12.63 16.50 25.54 3.34 22.41 2.55 5.48

59.61 39.28 78.64 24.92 13.57 34.07 14.86

102.80 637.70 249.80 77.05 232.60 35.80 49.45

189.60 689.95 485.00 92.00 257.50 83.50 80.15

30.70 229.00 95.00 3.26 92.55 19.10 31.05

5.59 38.84 10.23 97.53 11.08 14.15 7.75

115.55 4775.74 275.03 120.12 591.04 748.94 139.75

63.81 32.40 34.86 67.09 49.02 62.26 43.44

18.83 125.60 27.50 151.25 140.58 47.74 1677.71 8245.50 4208.84 235.62 220.72

0.02 14.31 19.53 9.23 8.78 4.30 12.68 14.36 12.99 11.48 8.08

19.45 -34.13 2828.90 11.80 65.74 6.58 935.54 17.59 26.97 141.88 25.59 5.01 2986.78 41.68 37091.00 13.67 4614.82 28.55 6152.12 6.64 5937.18 25.63

4.63 355.36 16.34 102.29 90.85 7.20 1101.57 7414.80 1448.47 1084.63 869.90

58.51 234.64 31.53 75.17 12.22 26.83 53.88 65.50 32.68 431.11 352.27

0903 0903 0812 0903 0903 0903 0903 0903 0903 0903 0903

1.46 741.00 18.19 282.31 6.57 31.88 765.67 11445.78 2287.89 2339.67 1309.64

22.69 16.14 16.08 -0.95 -57.61 912.06 -4.50 6.54 50.60 42.49 -19.87

-2.98 94.00 6.00 29.34 3.94 0.92 122.62 2113.35 616.14 346.18 354.64

134.65 9.30 43.20 362.78 -90.77 80.39 -68.12 57.77 155.88 11.17 57.62

1.30 32.81 6.68 5.63 0.13 1.98 4.88 9.95 4.02 49.45 39.99

14.53 5.06 48.81 -0.75 22.05 35.13 1.66 14.26 17.02 9.62 6.71

667.70 292.90 68.20 81.35 39.40 38.00 117.90 191.00 106.45 1207.60 1107.40

2655.65 423.00 164.60 93.75 50.50 70.80 147.35 233.00 128.35 1373.70 1247.80

268.00 165.00 31.20 37.10 10.30 16.80 44.50 113.00 51.75 354.00 531.50

0.00 8.92 10.21 19.75 262.67 15.97 14.50 19.20 25.71 24.01 34.54

2514.56 3659.49 187.55 1230.42 5538.85 186.05 19780.20 157488.28 44803.10 27342.48 24554.38

66.09 52.49 51.97 58.21 60.94 45.98 93.56 89.50 86.36 37.55 33.26

17.19 12.33 30.55 11.15 17.01 8.39

12.73 15.79 26.58 32.83 15.39 18.69

1005.82 159.60 793.46 192.35 97.56 228.24

0.60 19.44 97.18 41.50 55.97 12.30

47.60 21.11 68.16 23.82 7.23 20.16

131.28 114.66 114.45 69.39 30.88 137.12

0903 0903 0812 0903 0903 0812

253.75 33.92 228.96 56.40 28.09 71.86

-2.67 -3.50 32.27 25.36 -22.36 20.94

4.72 4.51 13.01 5.55 -1.29 2.85

-45.31 70.19 6.64 27.59 -147.60 -50.95

5.48 11.58 26.49 28.36 13.28 21.80

22.10 112.54 105.84 31.13 51.53 15.06

107.95 131.55 419.45 505.00 60.65 295.80

226.40 277.00 829.80 510.00 111.65 436.00

42.50 91.50 330.20 300.00 29.00 148.35

110.15 11.37 16.20 17.80 11.34 13.54

371.13 162.20 1281.42 563.08 102.68 248.18

88.27 73.81 66.63 66.97 68.06 60.68

12.55 66.70 7.04 59.02 10.27 112.25 18.26 36.96 23.10 17.69 10.10 25.63 11.52 26.70 234.30 18.14 28.12 75.31 7.40 40.81 22.82 45.77

50.86 46.07 15.93 22.45 33.11 19.16 14.09 14.39 30.55 9.18 24.55 8.29 -1.26 14.43 17.79 21.68 20.21 34.34 10.05 7.99 7.85 12.41

880.09 440.50 78.54 538.15 1542.74 460.70 533.26 1755.86 1464.48 2356.04 752.36 3313.70 956.60 3698.11 3978.37 914.98 481.19 368.85 737.99 172.12 187.78 3472.94

31.50 147.62 14444 216.78 90.91 21.82 61.39 21.25 91.93 26.72 49.84 7.49 22.09 57.60 14.46 82.92 80.22 60.81 44.69 10.67 124.46 20.98

51.64 294.71 3.17 451.66 115.36 102.96 40.91 69.06 121.37 86.13 39.30 125.35 5.50 210.48 609.67 30.68 29.54 128.66 47.25 65.39 17.15 161.95

19.79 116.57 24.90 98.04 195.35 82.64 169.21 137.74 201.82 110.68 177.39 38.61 303.68 120.05 33.22 81.60 80.46 75.50 133.13 209.20 111.71 68.46

0812 0812 0903 0812 0812 0903 0903 0903 0903 0812 0812 0903 0903 0903 0903 0903 0812 0812 0903 0903 0812 0903

296.35 47.20 45.14 70.58 356.52 35.09 282.94 477.64 952.58 653.64 256.43 979.48 285.37 1660.83 2084.58 363.11 148.21 28.70 325.88 31.22 92.73 1095.85

33.33 -64.09 0.74 -61.38 -12.14 -72.61 70.47 2.72 52.40 25.06 25.34 -7.16 8.22 25.31 62.85 17.19 34.77 -65.54 38.80 -47.62 58.87 -11.05

12.80 19.08 0.28 65.70 16.19 15.61 8.09 20.55 107.63 5.10 10.69 51.36 2.18 79.88 385.32 16.30 12.95 7.91 7.84 14.10 4.57 38.21

16.68 -79.35 -60.00 -45.82 -35.78 -27.09 -35.12 -42.55 192.79 -73.44 -17.58 94.47 20.44 8.98 83.13 70.32 68.62 -72.92 -57.06 -36.34 2.47 -27.39

9.59 72.09 0.33 19.59 54.46 4.81 20.61 19.11 15.21 10.27 44.03 4.89 5.10 17.00 7.50 19.30 16.05 14.45 53.47 11.34 9.83 6.72

38.40 53.51 157.04 96.82 74.77 56.94 44.21 80.20 70.58 26.52 17.17 25.65 11.14 53.05 9.61 34.23 28.49 92.87 26.05 23.76 29.14 50.25

81.00 487.15 19.40 91.25 322.35 76.65 150.20 220.10 101.90 154.00 173.85 101.35 158.15 297.60 200.75 157.40 64.75 43.35 147.30 277.70 83.35 121.55

154.40 2364.25 103.70 169.90 1150.05 153.90 200.00 635.00 125.70 289.50 283.00 128.90 300.00 378.50 236.00 218.00 87.90 89.95 406.50 532.85 97.65 169.05

25.20 325.90 10.55 37.00 86.45 27.80 71.00 105.00 61.70 46.70 41.60 28.80 60.10 56.50 47.05 45.00 21.00 18.50 41.65 83.40 31.05 34.25

8.45 6.76 138.57 4.66 5.92 19.81 7.29 12.09 7.23 25.62 3.95 32.59 239.62 17.58 31.37 7.77 4.33 2.64 11.03 24.45 9.37 18.09

508.28 3249.29 143.75 2692.79 662.11 860.40 274.27 815.69 1464.30 1346.73 175.59 2596.59 182.19 3972.96 28141.13 285.52 182.08 326.73 543.54 1133.29 190.20 2781.06

74.53 89.96 42.30 61.35 70.95 57.47 69.75 50.48 58.17 31.11 60.22 47.17 69.57 9.73 45.24 55.64 72.56 74.63 57.27 51.08 21.68 24.38

31 Investment Monitor July 2009

STOCK MARKET MONITOR FULL YEAR Company Name

Omaxe Ltd Patel Engg. Peninsula Land Prajay Engg. Pratibha Inds Punj Lloyd Puravankara Proj Sadbhav Engg. Satra Properties Sharyans Resourc Shristi Infra Simplex Infra Simplex Projects Subhash Projects Unity Infra Valecha Eng. Refineries BPCL CPCL Essar Oil HPCL IOCL MRPL Reliance Inds. Vesuvius India Retail Pantaloon Retail Provogue (India) Shoppers' Stop Trent Vishal Retail Ship Building ABG Shipyard Bharati Shipyard Shipping Chowgule Steam Essar Shipping Garware Offshore GE Shipping Co Mercator Lines SCI SEAMEC Ltd Varun Ship. Co. Steel Ajmera Realty Bellary Steels Bhushan Steel Bihar Tubes Bilpower Godawari Power&I India Steel ISMT Ltd Ispat Inds. Jai Balaji Inds Jai Corp Jindal Saw Jindal Steel JSL Ltd JSW Steel Kalyani Steels Kirl. Ferrous Lanco Inds. Lloyd Steel Inds Lloyds Metals MUSCO Mah. Seamless Man Inds. Monnet Ispat MSP Steel & Pow. Mukand Oil Country Orissa Sponge Panchmahal Steel Panyam Cement Pennar Inds. PSL Ramsarup Inds Ratnamani Metals Remi Metals Guj. SAIL Sarda Energy Sunflag Iron Suraj Stainless Surana Inds. Surya Roshni Tata Metaliks Tata Sponge Iron Tata Steel Usha Martin Uttam Galva Visa Steel Welspun Guj.Stah Stock/ Commodity Brokers Emkay Global Geojit BNP India Infoline Indiabulls Fin. Sugar Bajaj Hind Sugar Bajaj Hindusthan

Year Equity RONW Net Ended Rs. Cr % Sales

0803 0803 0803 0803 0903 0803 0803 0803 0703 0803 0803 0803 0803 0803 0803 0803

173.57 5.97 55.90 39.70 16.69 60.69 106.71 12.50 2.92 14.87 22.20 9.93 12.00 8.19 13.37 11.95

52.52 19.08 21.19 26.94 21.89 12.63 30.57 24.21 75.65 19.37 48.18 17.88 22.82 26.97 18.24 9.77

1789.50 989.52 345.27 344.02 746.25 4488.57 565.81 870.05 194.23 22.97 85.63 2808.15 229.01 1167.11 849.55 497.51

0803 0803 0903 0803 0803 0803 0803 0812

361.54 149.00 1218.13 339.01 1192.37 1752.63 1453.39 20.30

14.40 36.80 0.00 12.61 18.34 39.02 21.64 17.83

0806 0803 0803 0803 0803

31.86 20.00 34.86 19.53 22.40

0803 0803

LATEST QUARTER

Net PAT Sales% Growth 90.20 -2.92 8.09 70.88 56.81 100.49 35.73 78.08 193.44 41.53 5.04 64.39 68.69 44.37 56.50 100.76

Qtr. End

Net Net PAT Sales Sales%

68.93 141.41 33.54 152.32 134.64 79.39 54.87 226.09 87.57 105.29 12.90 147.40 102.26 74.84 266.00 165.91

0812 0812 0903 0812 0903 0903 0903 0903 0812 0812 0812 0812 0812 0812 0812 0812

151.18 317.14 195.12 13.93 211.33 1977.12 68.59 398.64 12.54 1.85 9.73 1268.77 75.43 319.19 293.96 136.79

110208 14.14 1580.56 28153.49 13.92 1122.95 38106.35 5745.16-513.51 105215 17.26 1134.88 246763 14.01 6962.58 32565.85 14.69 1272.23 133805 19.79 19458 352.58 10.40 30.64

322.98 232.52 28.66 311.59 344.58 21.53 542.83 91.05

0903 0903 0903 0903 0903 0903 0903 0903

8.76 8.85 2.36 5.07 20.43

5295.88 330.83 1206.91 514.16 1005.31

56.09 42.12 34.17 13.75 66.81

111.95 158.06 85.11 310.20 121.05

0903 0812 0903 0903 0812

50.92 27.57

25.64 26.48

966.84 206.00

37.27 160.68 -11.57 107.45

0803 0803 0803 0903 0803 0803 0812 0803

36.31 426.21 23.82 152.29 23.49 282.30 33.90 150.00

16.56 -0.63 13.06 24.62 18.58 15.17 15.80 27.56

94.95 776.24 111.55 2836.28 781.14 3726.84 268.59 932.57

137.38 -24.22 112.96 9.32 -0.27 0.63 57.59 38.65

0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0812 0803 0803 0903 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0903 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803

118.28 73.14 42.47 10.68 10.50 28.07 20.43 73.25 1221.58 47.11 17.85 52.12 15.40 30.92 248.08 43.69 68.50 39.76 191.15 22.43 32.48 35.27 26.64 48.00 58.10 73.12 44.29 20.00 13.99 16.02 63.24 42.58 17.50 9.00 75.62 4130.40 34.05 162.20 17.01 17.15 26.00 25.29 15.40 730.78 25.09 113.97 110.00 88.88

49.78 0.00 29.84 36.87 24.51 32.07 9.14 19.87 2.96 41.24 3.55 16.26 39.89 16.23 12.34 14.71 17.41 25.61 0.00 -9.52 16.49 19.35 21.16 20.02 43.80 8.42 63.09 0.00 81.68 85.27 27.24 18.80 22.22 48.92 28.17 37.33 40.94 15.75 33.12 18.86 7.51 41.58 47.55 25.97 18.30 19.72 13.01 31.49

0803 0903 0903 0803

24.27 22.34 56.68 50.69

0809 0809

11.80 14.14

CMP Rs.

52W high

52W Low

Latest PE

M. Cap.

Promter holding(%)

-96.01 0.17 49.46 -100.00 17.64 -54.03 -80.05 18.27 -95.59 -60.00 -79.68 14.62 -6.11 -3.78 -0.62 -28.90

12.35 25.74 5.48 2.65 26.81 10.57 6.24 50.64 0.93 3.13 3.81 24.39 16.79 16.42 51.51 17.74

65.23 33.37 7.35 78.60 63.53 38.79 68.75 32.87 331.39 82.65 145.00 38.65 40.67 49.36 56.96 52.10

96.10 371.95 66.10 31.80 149.70 201.95 79.10 650.80 19.00 77.65 395.40 360.60 123.85 118.10 279.40 70.00

161.55 470.00 87.80 124.95 288.00 316.80 220.00 860.00 87.00 180.00 594.95 492.00 224.50 234.00 484.40 109.93

38.90 103.15 15.20 12.50 47.40 66.65 25.60 220.00 11.00 42.10 300.00 102.00 32.65 35.50 67.00 21.90

8.67 14.47 11.34 23.38 6.04 19.42 12.70 12.85 20.00 25.38 137.77 14.27 7.38 7.19 5.42 9.40

1668.01 2220.54 1845.51 126.25 249.85 6129.18 1688.63 813.50 295.17 115.47 877.79 1783.17 148.62 432.84 373.56 125.51

88.85 53.79 53.65 16.35 61.57 41.46 89.96 47.55 77.86 55.36 49.28 54.09 58.18 58.56 69.52 46.01

26505.03 -18.64 4969.03 -40.62 6994.00 14780 25154 -20.07 59596 -17.09 6560.07 -30.69 28362 -23.93 70.46 -13.61

3628.02 272.00 660.00 5104.04 6622.98 607.62 3546.00 6.02

6113.43 -20.91 -8350.00 1227.41 -1698.71 169.66 -9.36 -20.69

122.47 65.50 6.00 150.73 82.85 8.43 103.60 14.33

20.61 28.40 194.18 16.67 17.81 32.44 23.97 21.25

420.80 179.25 159.35 305.30 545.45 87.10 1952.45 123.30

515.90 328.75 246.50 397.55 662.00 102.20 2490.00 199.90

206.00 78.00 54.10 164.10 299.00 30.00 930.00 65.25

20.68 0.00 0.00 18.02 22.45 12.81 19.71 8.50

15213.60 2669.75 20133.08 10359.75 66216.54 15267.76 307280.50 250.30

64.26 67.29 18.14 51.11 80.35 88.57 49.03 55.57

1642.09 101.52 346.81 114.43 373.29

21.25 1.44 8.55 -14.41 23.71

34.37 7.23 -16.93 9.13 2.15

7.07 -9.74 -968.21 59.34 -86.18

7.83 2.55 0.00 13.70 14.91

64.37 54.04 32.04 35.71 82.28

309.10 46.55 159.40 491.60 67.95

379.09 223.96 394.95 587.00 685.00

105.30 26.30 70.55 250.00 25.25

43.05 19.72 0.00 35.88 4.97

5882.17 541.84 555.67 960.09 152.21

46.50 41.51 68.47 32.16 63.27

134.53 0903 207.78 0903

370.86 306.60

34.04 48.54

51.96 35.38

12.83 8.36

33.60 47.17

45.60 30.54

209.40 171.10

423.00 411.65

62.00 44.55

6.23 3.63

1066.26 471.72

57.14 38.95

24.34 241.67 40.84 1384.82 166.34 813.90 47.12 225.78

32.53 59.44 82.09 323.61 38.40 199.51 94.92 60.99

0903 0903 0903 0903 0903 0903 0903 0903

13.08 185.03 44.14 560.75 283.46 806.95 100.12 240.41

-61.37 -10.07 88.87 -24.02 6.70 -23.64 187.29 -21.87

-2.20 46.50 7.05 250.05 154.35 200.76 61.95 6.09

-119.66 -58.00 22.18 -16.49 108.47 -19.27 -463.98 -118.81

7.00 2.47 7.15 90.94 1.13 22.21 36.61 8.19

13.22 10.10 41.32 15.97 65.87 9.42 24.40 32.28

34.60 64.65 144.85 244.15 57.85 118.15 135.15 57.90

56.80 125.45 216.00 444.30 99.60 163.53 177.85 73.70

17.20 19.40 52.00 138.60 21.00 67.00 30.20 38.25

3.68 0.00 8.50 3.39 7.55 5.30 4.01 9.09

125.63 3980.37 345.03 3717.92 1365.26 5003.06 458.16 868.50

67.76 83.71 30.73 30.21 37.96 80.12 75.00 46.50

1863.29 19.22 43.59 39.89 4152.30 9.08 277.37 37.85 319.47 39.87 825.87 86.36 242.94 188.70 1193.19 -0.65 8323.09 11.38 1277.49 25.62 307.81 19.19 4874.98 -26.08 5351.78 52.77 5050.73 5.24 14006.59 22.96 930.12 7.22 726.59 38.50 463.66 25.53 2204.64 27.76 329.70 11.48 920.44 28.47 1491.18 7.28 1446.78 29.24 1158.34 82.21 360.72 71.35 1919.34 5.96 420.29 23.81 110.49 34.76 505.50 19.47 163.05 61.01 559.65 67.77 2043.91 43.11 1824.13 39.81 845.08 47.94 334.68 64.68 39768.18 16.66 621.30 70.59 989.48 19.52 273.72 24.86 799.95 3.17 1259.12 16.07 1033.35 51.72 433.24 56.16 19654.78 12.58 1639.26 17.53 3155.84 22.54 673.99 26.52 3857.89 50.68

245.52 -115.57 423.73 15.24 22.71 94.98 15.84 100.04 34.80 118.87 128.15 342.33 1236.96 241.17 458.50 79.25 49.03 25.92 -46.89 22.39 29.49 195.22 71.21 166.16 46.66 52.24 64.94 -3.73 41.25 41.91 30.81 84.77 61.98 90.03 260.95 7536.78 121.43 43.62 13.55 32.42 20.41 69.63 95.53 4687.03 144.83 123.87 43.15 351.42

51.73 -7.84 382.70 56.85 100.45 136.83 2.22 36.63 5.54 74.83 143.36 426.10 241.84 115.66 309.19 117.29 21.91 28.06 -33.80 -0.16 57.84 155.01 68.73 222.47 22.35 87.78 29.69 65.41 49.54 -23.66 11.00 132.82 214.27 248.03 -0.53 55.84 117.93 18.13 27.16 96.21 69.05 76.09 158.09 298.70 34.50 62.26 31.54 83.79

0812 0903 0903 0903 0812 0812 0809 0903 0812 0812 0812 0903 0903 0812 0903 0903 0903 0903 0812 0903 0903 0903 0903 0812 0812 0903 0903 0812 0812 0812 0903 0903 0812 0903 0812 0903 0812 0812 0903 0812 0903 0903 0903 0812 0903 0903 0812 0903

268.42 4.80 1119.95 81.11 131.55 211.73 63.45 243.16 1101.51 337.00 81.59 1463.63 1753.96 841.49 3275.02 141.43 153.36 176.89 660.80 27.33 196.67 548.65 721.62 400.08 93.15 388.40 152.95 28.76 117.02 40.11 154.47 1216.57 467.89 259.01 63.16 11851.59 217.40 225.98 51.63 192.84 391.05 208.46 131.37 4802.14 530.05 1113.91 162.30 1831.84

-41.45 -66.46 -7.93 -15.31 50.67 -2.63 59.70 -17.21 -49.15 4.92 -10.09 53.72 15.17 -37.59 -7.40 -38.85 -21.66 29.19 17.80 -70.50 -20.48 42.76 75.71 38.83 -7.02 -28.33 45.79 73.25 -5.73 4.62 -4.08 85.56 20.58 11.86 -16.76 -11.22 33.15 -13.25 -16.78 16.87 -10.10 -33.13 -8.10 -3.45 7.50 13.60 -17.32 49.23

-32.50 -39.60 116.40 -8.88 4.09 -22.22 -3.33 12.47 -651.71 -57.15 14.87 97.85 356.85 -378.38 49.20 -16.42 7.73 5.15 -113.84 2.35 -7.32 64.63 19.38 33.50 4.93 -148.04 11.99 -10.35 -6.37 7.88 10.19 13.60 -100.84 15.68 -8.23 1486.68 7.30 1.77 7.10 2.70 10.45 19.67 11.55 466.24 21.27 46.96 -24.75 51.81

-143.93 16.64 -21.14 -258.86 -38.31 -193.40 1565.00 -60.75 1710.31 -344.44 -61.69 14.58 -8.58 -847.79 -86.71 -208.17 -45.79 -40.05 181.36 -87.36 -232.37 19.57 36.58 -0.48 -45.40 -2596.46 -328.82 355.95 -194.37 -27.77 0.10 -25.76 -731.04 17.45 -38.95 -37.45 -80.14 -79.56 26.33 -60.81 1.55 -23.01 -65.46 -56.37 -52.00 13.40 -282.25 -49.31

2.80 0.00 97.19 7.19 17.89 35.44 0.02 4.25 0.32 22.04 5.23 66.44 99.18 5.45 29.97 6.50 1.68 4.62 2.10 3.80 2.12 35.86 8.91 48.35 9.61 1.73 14.65 5.46 13.32 23.94 13.79 20.12 21.64 15.83 0.00 14.95 49.12 3.04 8.13 16.10 8.29 20.82 78.36 66.41 5.87 8.79 8.15 12.59

47.78 32.94 30.49 39.23 59.86 69.83 26.68 28.19 23.45 73.07 8.51 50.66 43.46 23.97 34.01 24.34 23.67 42.02 30.12 17.05 30.55 31.19 41.82 43.17 149.92 19.94 33.45 -0.81 21.82 28.07 39.38 41.10 39.04 58.41 198.59 18.68 73.45 19.12 43.00 30.39 12.47 55.70 24.98 17.65 18.47 31.31 95.73 58.83

135.70 2.87 650.75 70.35 117.45 109.50 6.55 30.75 21.90 161.95 265.10 382.95 2395.80 76.45 584.80 96.30 19.15 27.75 7.55 23.45 33.55 286.75 42.15 234.00 27.80 37.15 56.75 351.60 88.40 114.85 23.65 114.20 45.55 77.55 31.00 147.50 118.25 18.55 92.40 139.20 39.85 89.90 182.80 402.55 52.25 42.95 27.25 199.45

199.95 4.68 974.00 211.50 184.95 232.00 11.60 49.65 30.25 352.90 466.75 647.80 2709.00 148.50 1049.90 213.00 33.70 38.25 15.13 76.05 61.25 341.00 87.00 550.00 59.95 85.00 85.15 473.00 176.00 247.90 37.80 365.00 137.00 170.00 50.76 186.00 350.00 28.40 222.00 153.85 61.00 156.10 245.00 783.90 89.30 58.00 60.50 373.50

21.00 1.25 260.05 31.50 60.00 41.55 2.72 14.10 9.00 41.75 59.20 135.00 517.30 26.35 161.15 36.10 9.00 12.60 3.69 14.00 17.15 111.80 21.50 110.90 14.10 17.75 30.15 56.00 27.50 83.55 15.50 59.50 17.75 32.00 2.68 55.25 50.00 6.80 46.75 34.15 21.00 44.55 108.10 146.35 18.00 22.60 15.00 48.50

14.98 0.00 6.70 24.77 6.56 3.57 13.10 7.24 0.00 16.36 60.25 5.63 24.12 0.00 11.87 126.71 33.02 6.01 0.00 9.16 0.00 8.00 4.74 5.03 2.90 0.00 3.94 0.00 0.00 4.80 7.58 5.68 0.00 4.90 0.00 9.89 2.40 6.08 25.81 8.63 4.81 0.00 2.33 5.26 8.92 4.63 4.63 15.92

481.46 209.91 2763.74 142.74 123.32 307.37 133.82 450.49 2677.14 763.27 4732.04 1995.94 37063.03 1239.64 10938.68 420.35 262.93 110.33 160.14 261.00 108.97 2022.73 224.58 1122.26 161.52 271.60 251.35 949.32 123.76 183.99 299.13 487.75 159.79 348.98 181.14 60923.40 402.64 300.88 157.17 280.49 103.61 227.36 281.51 29409.90 1307.30 489.50 300.40 3719.34

62.20 60.95 69.15 32.89 34.88 58.11 55.08 51.05 41.13 68.58 72.99 43.76 58.76 45.93 45.02 55.51 58.61 49.79 18.51 47.78 55.53 51.09 47.07 39.32 71.80 53.41 33.23 48.98 85.78 50.57 36.10 49.13 83.43 58.80 84.92 85.82 69.14 45.19 73.03 61.31 25.27 50.04 43.27 33.95 46.16 39.74 72.73 43.94

19.10 5.63 10.09 18.96

130.83 157.79 571.53 1325.70

23.50 14.52 105.83 381.97

54.50 12.29 36.58 115.87

0903 0903 0903 0903

1.48 34.09 103.70 15.16

-95.28 -31.78 -51.99 -96.73

-1.00 1.56 11.58 3.95

-137.45 -80.03 -64.24 -96.71

0.44 0.57 3.71 6.96

88.83 33.93 130.10 639.36

62.75 40.15 116.15 167.70

105.00 52.50 173.25 349.90

24.00 16.50 34.40 77.75

0.00 68.05 35.63 22.36

152.36 896.95 3291.69 4253.71

72.07 63.70 33.72 29.72

0.00 -3.43

301.67 352.14 -75.75 1750.02 2.97 -47.68

22.82 95.13

0903 0903

56.67 424.86

-9.50 48.84 -13.34 81.39

616.13 89.15

4.71 5.76

44.58 32.98

38.15 210.20

43.80 232.40

9.85 38.25

0.00 0.00

450.17 2972.23

75.00 46.42

125.97 25.80 6.97 32.86 40.64

-73.36 20.97 75.53 -89.83 11.85 33.26 -55.43 10.53 -78.06 413.89 -51.33 79.52 28.50 -1.71 26.96 17.72

CURRENT DATA

PAT TTM CAGR Grwth( %) Eps Sales%

4.91 35.09 35.96 0.00 12.14 59.63 12.95 29.00 0.74 0.46 0.90 25.25 4.92 14.77 17.65 2.46

115.82 -21.76 -13.08 275.27

398.80 147.61 129.79 102.87 44.73 221.44 210.95 52.37 37.73 19.59 6.36 90.08 19.79 58.21 59.97 32.95

Investment Monitor July 2009

STOCK MARKET MONITOR FULL YEAR Company Name

Balrampur Chini Bannari Amm.Sug. DCM Shriram Inds Dhampur Sugar Dwarikesh Sugar EID Parry GMR Inds. KCP Sugar & Inds Oudh Sugar Mills Rajshree Sugars Sakthi Sugars Shree Renu.Sug. Thiru Aroor. Su. Triveni Engg Ind Ugar Sugar Works Uttam Sugar Mill Telecom-Handsets/Mobile Spice Mobiles Astra Microwave Avaya Global Gemini Comm. GTL HFCL ITI NELCO HFCL Infotel Idea Cellular MTNL OnMobile Global Spice Comm Tata Comm Tata Tele. Mah. Tulip Telecom Textiles Abhishek Inds. Aditya Bir. Nuv. Alok Inds Arvind Ltd Bombay Rayon Century Enka Delta Corp Donear Inds. ESI Filatex Fashions Forbes & Co Garden Silk Mill Garware-Wall Rop Grabal Alok Impx Himatsing. Seide Indo Rama Synth. Jaybharat Text JBF Inds. JCT Jindal Worldwide Krishna Lifest. KSL and Indus Lak. Mach. Works Modern India Nahar Indl. Ent. Nahar Spinning Nirlon Rajapalayam Mill Raymond RSWM Ltd Ruby Mills S Kumars Nation SEL Mfg Shree Ram Urban SRF Sunteck Realty Vardhman Textile Vertex Spinning Welspun India Tobacco Products Godfrey Phillips Golden Tobacco ITC Kothari Products VST Inds. Trading 3M India Adani Enterp. Aegis Logistics Bartronics India MMTC PTC India Sat Industries Shree Global Swan Energy TCI Inds. U B Holdings Ushdev Intl. Tyres Apollo Tyres Balkrishna Inds CEAT Falcon Tyres Goodyear India JK Tyre & Indust MRF

Year Equity RONW Net Ended Rs. Cr % Sales

LATEST QUARTER

Net PAT Sales% Growth

Qtr. End

Net Net PAT Sales Sales%

CURRENT DATA

PAT TTM CAGR Grwth( %) Eps Sales%

CMP Rs.

52W high

52W Low

Latest PE

M. Cap.

Promter holding(%)

0809 0803 0803 0809 0809 0803 0803 0803 0806 0803 0812 0809 0809 0809 0803 0812

25.55 11.44 16.45 52.78 16.31 17.85 19.96 11.34 18.17 22.69 31.37 27.60 11.32 25.79 9.00 25.77

10.28 9.41 -2.98 5.15 0.00 -3.20 4.83 4.57 -5.14 5.44 -7.88 16.93 1.51 15.47 20.72 0.00

1455.66 653.22 557.05 661.59 267.08 616.45 152.54 225.31 329.00 334.52 1175.30 1824.16 336.39 1585.79 416.02 372.35

5.80 -17.65 -6.77 12.45 19.87 11.73 -20.68 -25.81 -25.48 -12.84 57.07 149.08 -3.08 -16.90 140.28 34.63

97.03 42.34 -4.21 3.60 -24.78 -16.58 6.51 7.11 -4.51 -4.78 -79.55 92.79 1.50 111.52 14.39 -43.76

39.72 393.09 84.97 82.92 75.22 56.71 56.53 13.65 55.49 42.50 37.99 22.35 87.12 29.73 8.24 56.98

0903 0812 0812 0903 0903 0903 0903 0812 0903 0903 0903 0903 0903 0903 0903 0903

355.06 254.87 192.46 109.33 91.13 225.59 61.27 63.33 104.19 88.27 256.62 324.10 70.36 457.58 88.23 92.28

15.27 45.09 38.93 -42.12 5.17 22.35 9.57 -4.03 16.23 4.02 68.80 -30.70 -21.17 20.97 -29.85 10.75

66.19 33.86 8.44 17.52 7.64 93.75 10.58 1.27 10.83 -1.06 17.62 24.10 5.50 37.77 -24.07 -1.31

0.82 1182.58 -408.03 2.64 19.75 147.36 -26.58 -154.51 -35.11 -125.00 -404.32 -20.72 127.27 10.18 -214.95 -146.13

5.83 102.27 14.38 6.43 7.48 79.41 0.15 1.21 12.55 10.28 18.33 2.52 12.31 4.39 4.15 2.57

20.84 13.58 2.40 8.97 27.45 -13.71 -8.66 8.49 1.07 8.76 30.63 44.17 32.64 19.18 14.22 35.23

101.60 991.50 88.30 68.05 80.75 246.00 98.65 19.10 58.90 69.65 50.80 131.30 96.55 92.70 21.15 43.50

110.50 1200.00 107.05 77.00 99.30 289.00 134.05 28.40 72.90 87.05 116.00 152.40 135.00 122.30 33.35 83.00

29.70 370.00 34.05 19.50 27.20 124.00 29.20 11.80 21.75 30.05 18.10 41.30 54.55 29.55 7.02 20.20

17.43 9.58 6.28 11.14 0.00 19.71 318.23 15.16 8.90 6.61 7.28 52.94 10.21 21.12 16.02 0.00

2595.88 1134.28 153.64 358.62 131.70 2118.06 196.91 216.59 129.11 158.04 159.36 3676.40 109.29 2390.73 237.94 112.10

36.84 54.72 42.10 42.59 48.01 47.59 70.77 37.14 53.82 38.20 39.76 41.15 51.71 67.97 48.18 78.07

0712 0803 0809 0803 0903 0803 0803 0803 0803 0803 0803 0803 0712 0803 0803 0803

22.39 10.75 14.23 9.72 94.72 442.79 288.00 22.82 525.52 2635.36 630.00 57.41 689.93 285.00 1893.56 29.00

26.92 20.06 7.86 39.74 7.36 0.00 0.00 22.17 0.00 21.81 4.98 11.95 -10.24 4.72 0.00 51.65

300.08 123.42 565.83 201.64 1450.90 349.59 1152.51 197.35 248.88 6719.99 4722.52 230.76 957.85 3283.30 1707.19 1216.44

52.29 19.28 -32.37 42.74 1.23 -69.31 -34.61 220.17 -9.79 53.90 -3.81 77.09 146.13 -12.36 21.34 44.68

14.67 20.88 17.21 25.74 91.44 -150.55 -358.38 4.43 -142.53 1044.36 586.89 47.57 380.13 304.46 -125.74 187.12

10.46 21.16 157.82 43.91 104.10 9.06 -73.35 10.72 -7.08 13.44 189.23 103.44 12.44 229.73 -1.06 153.49

0903 0903 0903 0812 0903 0812 0903 0903 0812 0903 0903 0903 0903 0903 0903 0812

170.62 51.87 127.70 40.63 412.00 36.53 997.06 111.55 54.09 2821.05 1056.19 94.38 324.31 886.93 482.57 435.66

34.09 -24.54 -9.42 -2.10 10.69 -59.19 184.24 16.49 -14.09 43.03 -7.03 40.22 8.17 3.67 5.89 30.80

7.35 8.46 0.17 5.51 16.72 -45.83 -191.35 4.14 -31.51 304.28 -83.81 18.39 -20.67 302.37 -32.46 48.67

87.02 -33.23 -96.79 -16.52 -37.96 151.67 -1650.65 -55.34 -33.33 9.37 -148.24 55.98 -43.39 439.66 57.65 -10.02

0.98 2.69 3.67 2.42 10.11 0.00 0.00 1.81 0.00 3.44 4.21 12.68 0.00 18.05 0.00 72.44

33.17 41.84 12.20 42.87 24.76 -16.01 -7.49 1.71 22.72 51.16 -4.05 157.21 14.15 -6.27 36.55 43.08

17.00 75.85 99.25 25.20 303.00 12.67 36.80 46.15 10.09 78.90 95.45 429.50 71.10 458.05 34.75 716.00

30.95 96.70 151.00 39.40 316.00 19.45 47.60 83.05 19.85 106.00 123.70 579.80 95.00 651.00 41.40 1145.00

8.80 33.00 62.55 11.15 144.00 5.95 13.10 21.00 5.55 34.05 51.75 185.20 24.70 320.00 12.50 258.05

0.00 27.99 17.57 10.46 43.85 0.00 0.00 0.00 0.00 24.28 27.91 35.18 0.00 39.05 0.00 9.88

126.88 410.73 141.23 244.94 2870.02 561.02 1059.84 105.31 530.25 24459.71 6013.35 2487.23 4905.33 13054.42 6592.77 2076.40

63.23 20.36 59.13 37.50 44.07 2.10 92.98 50.10 61.98 49.13 56.25 57.13 98.90 76.21 65.64 68.96

0803 0903 0803 0803 0803 0803 0803 0803 0803 0803 0803 0806 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0903 0803 0803 0803 0803 0812 0803 0803 0903 0803 0803

194.19 95.01 187.17 218.98 63.00 20.05 13.55 10.40 15.79 5.92 12.90 38.29 21.71 21.64 49.23 151.83 51.05 62.06 89.27 20.05 101.70 39.95 12.37 7.51 40.03 18.05 58.22 3.51 61.38 23.15 4.18 210.05 15.22 20.63 68.90 4.86 57.77 19.91 73.09

7.34 3.37 16.18 2.25 22.02 3.33 14.89 14.88 16.37 15.70 -2.12 10.65 14.25 11.29 -0.10 2.28 41.65 27.89 2.10 5.23 1.69 8.41 36.22 16.00 0.33 2.30 2.62 7.33 -3.86 -0.93 9.19 25.29 25.19 -22.73 17.81 3.21 6.82 18.23 4.83

1048.68 4754.22 2122.04 2180.87 926.11 1186.02 63.79 173.28 481.65 10.12 235.16 1676.26 398.74 114.19 247.32 2542.79 424.40 2150.67 520.17 138.17 365.48 646.88 2205.16 160.05 868.01 880.94 11.30 219.95 1388.15 1165.47 109.24 1605.72 357.32 39.15 1615.33 3.07 2456.72 98.18 1174.86

28.41 21.42 17.50 19.02 89.24 21.12 70.47 7.38 6.75 154.27 -60.84 20.16 18.96 24.00 42.01 27.15 69.86 45.60 -1.87 22.05 38.09 25.26 18.97 181.13 -2.97 -1.07 88.33 10.42 4.55 12.80 5.89 30.60 92.83 2.01 -10.36 365.15 7.06 19.51 25.32

39.95 137.43 198.66 27.36 121.13 13.41 15.58 15.40 58.14 1.36 2.43 40.00 24.20 13.60 -26.04 3.02 32.63 138.73 3.80 5.95 9.24 44.81 242.30 5.41 2.37 12.02 1.65 11.04 -271.55 0.27 5.29 178.13 44.85 -9.62 138.73 2.79 140.77 4.99 26.27

22.62 394.09 70.59 63.55 93.96 225.14 11.66 21.06 229.58 8.92 150.75 102.44 83.89 60.33 59.71 34.85 3.59 96.19 4.28 35.14 5.42 47.11 612.37 9.44 130.24 145.53 10.97 323.16 183.61 117.06 152.73 32.46 142.77 18.18 132.58 342.72 220.31 1.21 75.77

0903 0903 0903 0903 0812 0903 0812 0812 0903 0812 0812 0903 0903 0903 0903 0903 0903 0812 0812 0812 0903 0903 0903 0903 0903 0903 0812 0903 0903 0903 0903 0812 0812 0903 0903 0812 0903 0903 0812

432.53 1152.71 908.39 586.71 344.93 248.71 7.07 43.49 100.03 9.43 42.13 481.73 116.02 39.66 103.58 617.85 135.94 629.20 137.88 48.98 132.94 213.69 180.78 58.11 227.54 233.98 6.60 56.48 355.38 353.31 37.95 381.57 138.32 12.57 407.52 0.21 591.72 4.02 358.86

55.03 4.57 25.33 -5.24 44.47 -22.99 -54.56 3.40 171.67 152.82 -24.27 15.75 -0.97 46.45 22.91 -7.58 14.33 26.78 5.45 14.09 36.59 26.70 -70.07 -5.31 -0.92 -0.83 -1.93 0.68 -18.45 10.48 10.64 -15.78 38.50 51.45 4.00 -79.21 2.11 -83.76 19.95

4.06 26.39 70.10 -20.43 41.68 11.67 0.33 -3.16 -9.61 0.41 -16.01 19.66 8.00 3.61 16.73 20.82 5.21 9.30 -12.01 -3.26 -1.98 0.25 8.04 0.85 32.72 -5.79 -6.38 1.08 -239.08 0.84 5.43 8.27 6.35 -3.83 21.15 4.56 2.45 -3.14 3.74

-56.20 -62.56 30.44 -480.45 20.57 -1558.75 -92.14 -180.41 26.61 -64.04 820.12 208.15 28.82 8.08 -143.67 -214.02 -410.12 -69.34 -1162.83 -244.25 -215.12 -143.86 -86.60 -39.29 -392.40 -12.67 284.34 -51.35 -986.47 -110.42 -584.82 -85.54 -53.38 -9675.00 1973.53 245.45 -82.53 -298.73 21.04

0.30 14.46 9.08 0.20 22.17 10.72 1.07 0.14 3.86 8.38 0.07 15.01 8.97 6.86 2.35 1.37 1.04 14.60 0.00 7.30 0.08 2.43 86.45 1.68 8.17 0.73 0.32 19.07 3.97 0.36 58.25 4.21 30.99 0.04 24.69 16.39 24.36 0.03 1.22

27.86 25.23 21.83 8.12 80.82 9.64 151.02 10.91 15.32 12.32 -5.35 26.62 18.38 16.88 14.53 8.24 193.16 39.92 -0.39 54.97 16.84 79.77 33.22 47.58 23.24 15.00 -36.02 13.56 6.61 21.02 9.34 21.23 42.24 3.82 16.71 138.24 17.94 117.22 33.46

11.35 887.10 21.30 26.90 186.25 94.15 41.95 25.75 13.85 95.80 502.45 68.65 54.55 72.30 32.50 26.20 343.10 74.80 3.67 165.00 1.19 66.75 920.45 139.55 43.55 41.35 31.20 318.00 148.55 44.30 726.75 43.20 62.20 115.50 116.20 1934.75 111.25 5.43 37.90

17.50 1422.00 47.21 40.60 392.00 119.00 49.35 55.35 24.90 114.80 618.80 92.40 100.00 108.00 54.00 35.00 729.90 110.00 6.54 202.75 2.40 193.00 1335.90 297.00 52.90 54.00 63.45 535.00 236.30 87.35 906.70 113.50 757.00 152.90 152.45 2049.85 137.45 18.80 46.90

5.95 330.25 11.33 10.60 80.30 50.15 14.80 14.15 6.60 24.65 305.05 24.55 27.10 37.60 17.80 11.75 183.10 26.25 1.55 54.85 0.50 56.00 415.10 99.50 17.00 19.20 13.90 200.05 68.10 23.00 251.05 13.15 38.10 39.00 62.15 1141.00 43.00 5.24 13.00

0.00 65.32 6.57 0.00 11.03 10.94 40.34 0.00 5.15 112.71 0.00 5.18 7.99 10.86 33.51 9.13 329.90 5.30 0.00 0.00 19.83 27.58 10.65 82.57 161.30 0.00 0.00 17.33 0.00 0.00 25.53 11.16 2.17 0.00 3.31 233.95 7.90 0.00 17.15

252.19 8427.45 1290.14 589.06 1622.24 188.77 568.42 133.90 109.35 114.00 648.16 262.86 129.34 157.90 320.00 397.79 8755.91 465.56 131.05 330.83 121.67 672.01 1138.60 524.01 175.94 149.11 181.65 111.62 911.80 102.55 303.78 1021.72 106.80 238.28 719.05 2321.70 642.69 108.11 277.01

63.48 41.52 35.56 35.31 48.42 24.50 54.53 75.00 47.39 26.13 73.35 55.34 46.48 40.48 50.94 63.16 68.55 42.92 51.11 85.71 51.20 39.22 25.82 86.43 63.35 60.16 13.71 49.38 38.37 49.35 74.91 46.89 57.27 59.68 46.20 68.43 67.22 72.81 41.97

0803 0803 0903 0803 0903

10.40 17.59 377.44 6.63 15.44

19.73 18.35 25.42 4.14 18.96

884.21 14.45 158.02 -20.95 14881.50 6.90 170.18 23.77 371.06 9.49

112.23 13.02 3263.59 64.46 61.82

478.46 29.49 36.24 849.43 152.43

0812 0903 0903 0812 0903

294.00 23.75 3891.81 19.28 94.98

33.53 -38.36 -1.08 -73.97 7.72

25.42 -1.37 808.99 0.40 18.12

-21.57 -163.72 9.97 -98.40 51.76

102.27 5.97 8.67 39.88 40.05

9.70 -3.08 18.36 -3.54 5.27

1156.70 79.10 202.80 249.55 379.80

1545.00 156.05 209.70 600.00 387.00

625.25 36.00 132.05 128.00 182.65

11.31 0.00 25.51 8.57 16.27

1202.97 139.22 76544.83 165.45 586.41

71.08 27.17 0.00 75.00 32.16

0812 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803 0803

11.27 24.65 19.91 26.54 50.00 227.42 7.38 102.91 19.00 0.91 66.82 11.49

18.01 22.02 28.32 18.19 23.76 4.74 0.12 0.02 20.40 -4.09 -1.83 31.43

742.02 21.96 57.46 11354.48 12.92 312.07 373.88 55.56 39.10 183.30 188.71 32.73 26503.03 13.52 200.48 3906.15 3.70 48.71 33.03 63.03 0.02 258.93 232.90 0.04 45.57 2000.0021.27 7.98 101.01 0.12 229.42 26.95 64.79 784.06 38.71 15.61

308.57 54.27 79.13 91.32 205.99 65.06 4.83 10.58 5.80 -144.95 195.45 43.06

0903 0903 0903 0903 0903 0903 0812 0812 0903 0903 0903 0903

188.23 2873.33 58.88 114.53 4874.17 1177.68 6.94 76.64 3.71 0.78 101.15 184.57

1.43 -26.45 -48.86 56.31 -48.10 115.46 -33.08 39.55 -84.40 -66.67 54.05 -6.05

12.68 136.71 6.11 2.14 39.97 15.52 0.00 -1.73 -49.82 -0.07 12.68 5.65

-30.29 46.12 26.62 13.24 -49.21 14.93 -86.97 15.04 -55.89 33.08 -19.29 3.99 -100.00 0.00 -17400.00 0.00 -331.08 8.19 -333.33 0.38 -8.45 6.57 178.33 30.75

26.80 32.36 40.14 85.66 33.46 33.44 57.48 663.20 190.57 48.64 53.49 111.15

1289.60 688.85 101.45 141.05 30672.65 88.90 30.00 264.00 52.10 1370.00 173.10 132.25

1774.25 780.10 797.70 238.00 208.10 51.85 202.50 55.05 39090.55 9125.00 100.00 43.00 48.50 13.00 354.90 60.50 72.15 29.00 2151.00 745.00 450.00 60.00 140.00 30.00

27.97 51.48 6.66 8.60 0.00 29.05 0.00 0.00 17.72 0.00 26.39 16.98

1453.38 16987.04 202.29 408.76 153363.25 2614.37 117.30 5433.65 494.95 130.15 1156.65 365.27

76.00 74.91 63.33 31.03 99.33 21.11 37.13 74.87 80.92 74.11 51.82 51.44

0803 0803 0803 0803 0712 0709 0809

48.85 19.33 34.24 5.68 23.07 30.79 4.24

19.88 27.83 20.10 15.65 31.11 17.38 13.48

3697.87 978.05 2327.59 445.62 889.96 2795.07 5044.70

25.09 0903 212.67 0903 145.97 0903 59.08 0903 61.25 0903 119.51 0903 2643.37 0903

1110.56 321.62 621.74 161.04 193.43 851.01 1404.72

10.91 5.06 -3.79 -14.60 -7.00 2.54 15.74

46.19 21.79 45.03 5.42 13.01 13.64 68.69

-22.07 0.14 -41.47 159.33 3.09 -40.75 4.68

18.12 28.72 14.08 23.07 9.56 8.36 18.82

30.70 270.00 87.75 198.50 105.65 68.10 3316.75

41.00 531.85 98.20 198.50 140.00 110.36 3825.00

14.28 7.40 0.00 17.08 7.48 14.80 24.42

1547.28 521.91 300.46 112.75 243.73 279.62 1406.30

39.35 54.37 47.99 74.82 74.00 46.97 26.63

12.59 13.07 9.12 60.13 7.40 7.93 14.84

219.30 105.57 148.60 5.64 40.23 66.73 141.97

Investment Monitor July 2009

2.15 36.36 13.15 11.61 14.15 9.91 237.09

14.75 115.00 31.00 120.95 55.00 29.00 1501.00

Power Special Report

ndia has the fifth largest electricity generation capacity in the world. * Transmission & Distribution network of 6.6 million circuit km - the third largest in the world. * CAGR of 5% over the last 5 years * Coal fired plants constitute 54% of the installed generation capacity, followed by 25% from hydel power, 10% gas based, 3% from nuclear energy and 8% from renewable sources. * Per capita consumption of electrical power in India is still far behind that of developed countries, India's per capita is at 347 kWh, while that of developed countries is in the region of more than 10,000 kWh. * Total investment opportunity in the sector by the end of 2012 is usd$150 billion

World Scenario :- Historical Vs Future Potential

Per capita Power Consumption(India) 34 Investment Monitor July 2009

Power Special Report There exists a huge range in power levels (in KW/capita) between the lowest consumer (India) and the highest (USA). In the USA, each citizen needs an average power level of more than 10KW every second to keep the society going (this includes everything: transportation, work, food, housing, leisure, etc.). But when we look to productivity levels (expressed as GDP/capita), we see that the productivity of the USA (ca. $36,000/capita) is more than 70 times than that of India (ca $500 /capita). Based on that, the USA is better performer in terms of energy efficiency (10KW/capita vs. about 1KW/capita for India). There seems to be a rough overall correlation between GDP/capita and energy/capita. This is understandable, since higher productivity per individual will cause a higher energy need for each. Electricity is the common denominator for all technologically advanced societies. Correlation between per capita income and per capita power consumption is very strong. If the power industry is below-par, overall growth is hobbled. Power is an essential requirement for all facets of our life and has been recognized as a basic human need. It is the critical infrastructure on which the socio-economic development of the country based depends. The growth of the economy and its global competitiveness hinges on the availability of reliable and quality power at competitive rates

on the rise, while the poor health of distribution continues to inhibit the inflow

of investments. Unless the changes, India's economic growth will be at risk

Executive Summary: Rapid economic growth has increased the burden on India's Infrastructure, one of the country's weak spots. An Infrastructure deficit is widely considered to be one of the factors that could severely hamper India's economy growth. In the past few years, policy makers have recognized this and have made concerted efforts to accelerate infrastructure development. Much progress is evident in sectors like Telecommunications, road, transport. But the power sector continues to lag behind despite the introduction of progressive measures. Shortages, tariffs and dependency on imported fuels are

â&#x20AC;&#x153;Electricity policy of India

aims to make electricity available for all households in India in next five years and to increase the per capita availability of electricity to plus1000 units by 2012â&#x20AC;? 35 Investment Monitor July 2009

India's power demand is likely to cross 300 GW, in the next 10 years according to an estimate. Meeting this demand requires a fivefold to tenfold increase in the pace of capacity addition .The profile of planned capacities will also need to be suitably modified to fulfill peak demand , keep emissions on check , reduce dependence on imported fuels and provide affordable power

Power Special Report

IntroductionThe power sector has registered significant progress since the process of planned development of the economy began in 1950. Hydro -power and coal based thermal power have been the main sources of generating electricity. Nuclear power development is at slower pace, which was introduced, in late sixties. In spite of the overall development that has taken place, the power supply industry has been under constant pressure to bridge the gap between supply and demand. The power sector has been receiving top priority ever since the planned development began in 1950.The sector has been getting 1820% of the total public sector outlay in initial plan periods. Remarkable growth and progress have led to extensive use of electricity in all the sectors of the economy in the successive five year plans. India is the 5th largest power producer in the world with the total power capacity of more than 145,000MW. Despite growth in power generation capacity over various 5-Year Plans, India is facing huge power deficit with peak power deficit of about 16%. Power is a critical component of any economy's infrastructure without which its development and growth is a big obstacle. An economy's growth, development and ability to handle global com-petition, all depends on the availability, reliability and quality of the power sector. The demand for power is growing exponentially so the scope of growth of this sector is immense. This sector is dominated primarily by Public Sector Undertakings (PSU). The State and Central Government account for 58% and 32% of the generation capacity respectively while the private sector accounts for a mere 10%. A major part of the transmission and distribution factors are handled by the state utilities. The private sector is gradually making its presence felt in the power sector in distribution and is planning to venture into transmission. Power sector is mainly funded through budgetary support and external borrowings were opened to private sector in 1991.

Structure * Majority of Generation,

Indian Power Sector

Distribution

Generation Transmission

Transmission and Distribution capacities are with either public sector companies or with State Electricity (SEBs). The power sector in India is dominated by the government. The State and Central Government sectors account for 58% and 32% of the generation capacity respectively while the private sector accounts for about 10%. The bulk of the transmission and distribution functions are with State utilities.

â&#x20AC;&#x153; Generation achievement for the period April 08 - January 09 has been 93.0% of the target â&#x20AC;&#x153;

* Private Sector Participation is increasing especially in Generation and Distribution.

Generation: In India power generation is largely dependent on Coal, gas, nuclear and hydroelectric resources. Non

Conventional sources such as Wind and Solar energy accounts for small proportion of the total installed capacity. Fuel Oil and Diesel are largely used in captive power plant. The overall generation in the country has increased from 264 billion units (BUs) during 1990-91 to 704.47 BUs during 2007-08 depicting a tremendous growth. There has been significant improvement in the growth in actual generation over the last few years. As compared to annual growth rate of about 3.1% at the end of 9th Plan and initial years of 10th Plan, the growth in generation during 2006-07 and 2007-08 was at the rate of 7.3% and 6.33% respectively. There has been a significant improvement in hydro generation to the extent of 8.88% in 2007-08

Energy generation during April'08 to Jan'09 Category

Target

Actual Generation (MU)

% of target

Actual Growth(%) Generation last year(MU)

Thermal

521252

483705

92.80%

458238

Nuclear

15660

12396

79.2%

14221

-12.83%

Hydro

104164

99277

95.3%

108762

-8.72%

Bhutan Imp.

5366

5738

106.9%

5046

13.72%

36 Investment Monitor July 2009

5.56%

Power Special Report

TRANSMISSION DISTRIBUTION

about Rs. 20,000 crore annually.

AND

Power Transmission Transmission of electricity is defined as bulk transfer of power over a long distance at a high voltage, generally of 132 kV and above. Indian power system is demarcated into five independent regional grids viz. Northern, Eastern, Western, Southern, and North-eastern Regions. All the regional grids, except Eastern and North-eastern Regions, operate independently with only a limited exchange of power across the regions. In India bulk transmission has increased from 3708 ckm in 1950 to more than 2, 65,000 ckm today. While the predominant technology for electricity transmission and distribution has been Alternating Current (AC) technology, High Voltage Direct Current (HVDC) technology has also been used for inter-connection of all regional grids across the country and for bulk transmission of power over long distances. Creation of National Grid Ministry of Power has envisaged the establishment of an integrated National Power Grid in the country by the year 2012 with an inter-regional power transfer capacity of about 37,700 MW. POWER-GRID is working towards achieving its mission of "Establishment and Operation of Regional and National Power Grids to facilitate transfer of power within and across the regions with reliability, security and economy, on sound commercial principles". This has been done to minimize the losses in Transmission and Distribution. Power Distribution in India Apart from an extensive transmission system network at 500kv HVDC, 400kv, 220 kv, 132kv and 66kv which has developed to transmit the Power from the generating station to the grid substations, a vast network of sub transmission in distribution system has also come up for the utilization of the power by the ultimate consumers. The Ministry of Power took various initiatives towards re-forms and other

Inter-regional power transfer capacity is to be enhanced to 37,000 MW by 2012 through creation of "Transmission Super Highways".

Technical Up gradation---Transmission

Smart metering is a revolutionary technology for optimizing distribution and consumption of energy. It enables two way communication between the delivery point [consumer location] and the central information system [CIS] “ Investment in transmission owned by a utility company. On the sector should be equal to consumer side it transmits consumption that in generation but in information on a real time basis while India the ratio is not 1:1, on the utility side it receives control instructions from CIS that can be rather 1:3 in favor of gener- related to load shedding, disconnection ating capacity ”. or reconnection. This solution is provided by a combination of smart policy measures for helping the state boxes installed at consumer locations power Utilities to bring improvement in and transmitting data via Power Line their efficiency towards bringing about Carriers [PLC] and Wide Area commercial viability in the power Networks built on the GPRS platform. sector. Some of the major initiatives Initially this kind of solution was rolled were: establishment of regulatory out in North America where it has found mechanism at central and state level, a lot of takers. Infact, as a part of the restructuring of the state power Obama administration's stimulus packUtilities, metering of feeders & age, over 40 million households in consumers, energy accounting & America will get smart meters over the auditing, securitization of outstanding next three years. Italy has been another dues of CPSUs etc. At the national level country that has conducted a large scale 98% feeders and 89% of consumers scheme aimed primarily at reducing its have been metered so far. 100% feeder energy distribution costs through the Year T & D losses AT & C use of smart meters. losses* Considering the challenges India is facing like shortage of supply, T&D losses 2002-03 32.54 32.54 and consumption irregularities adop2003-04 32.53 34.78 tion of technology is very much desir2004-05 31.25 34.33 able. 2005-06 30.42 34.54 2006-07# 2007-08#

28.61 26.91

32.07 NA

*PFC Figs. #Provisional & Estimated

metering has been achieved in 20 States. The losses in Transmission and Distribution and theft of the electricity is the major concern area for the government .It results due to the poor T&D facility and there is just one PSU player that is National Power grid which facilitate the process. A huge T&D loss, largely due to outright theft and unmetered supply is a big problem area for the government. It has been estimated that theft alone causes loss of “ The Indian T&D system is characterized by exceptionally high losses, over 30 percent as compared to developed countries where losses are 10-15 percent. Losses in retail distribution consist of major losses in the T&D. “ 37 Investment Monitor July 2009

Power Special Report

Power consumption (per capita) Per Capita consumption of power in India has grown significantly since 1990s. Per Capita consumption has registered 124.26% growth from 566.70 kWh in 2002-03 to 704.20 kWh in 2007-08. Further, 11th Five Year Plan plans to increase per capita consumption to 1000 kWh by 2012. Per capita power consumption in India on average is around 679.8 Kwh/yr, which is much below the world average consumption of 2400 Kwh/yr. Thus, massive increase in the power generation to match the world average consumption is needed

Year

Per Capita Consumption 566.7 592.0 612.5 631.5 971.9 704.2

2002-03 2003-04 2004-05 2005-06 2006-07 2007-08

in the coming years to enhance the overall national growth rate. So it can conclude that consumption is directly correlated with demand. As the aim is to increase the consumption that will result in huge demand-supply gap. In light of that it can be seen there exist a

Country Canada USA Australia Japan France Germany United Kingdom Russia China

Per Capita Consumption 17179 13338 11126 8076 7689 7030 6206 5644 2179

lot opportunity in power sectors for power equipment manufactures, generation, transmission and distribution

Demand-supply picture: The total annual power shortfall in India is 15,175 megawatts (MW).This gap could widen in the future. The generation capacity is increasing at a very slow rate, with a 5% annual addition in the past five years. On the other hand, the demand for power is galloping. The Power Ministry estimates that in another three years, the per capita electricity consumption will rise by 50%-from the current 672 KW to 1,000 KW by 201112. In 2007, the government had set a target of adding 78,000 MW of power generation capacity during the 11th Five Year Plan (2007-12). But two years down the line, only 15% of this target capacity addition has been achieved. The demand for power in India has remained resilient despite the current economic downturn (and falling fuel prices). In fact, the demand supply gap of power in the country has been continually increasing, leading to investment opportunities. India's energy shortage was estimated at 10% during 2007-08 touching nearly 17% during peak season. According to Central Electricity Authority (CEA), by 2012, the energy requirement is expected to increase by 31.9% to reach 975,222 MU and peak demand is expected to increase by 44.3% to reach 157,107 MU. This shortage can be attributed by various factors ranging from fuel linkages, poor transmission and distribution facility, lower private players participation in T&D. To improve this situation

government should look for alternative sources of energy and avoid overdependence on the conventional sources of energy and focus should also be on improvement of T&D through more Public-Private partnership(PPP business model).This will bring competition in the sector and further improve the situation.

mission and distribution; more than 30% of this investment is expected to come from the private sector. As more investment is required hence prove to be profitable business for the players.

Region

Energy Deficit(%) Requirement(MU)

Peak Demand Deficit(%) (MW)

Northern Western Southern Eastern North Eastern All India

205839 232022 184750 74601 8692 705724

33034 37240 28613 12901 1820 109809

-10.6% -16.2% -7.4% -4.6% -13.6% -11.0%

In order to bridge this gap and keep up with the increasing demand, an estimated capacity addition of 100,000 MW units is required by 2012. This translates into an investment opportunity of $200bn including investment on trans38 Investment Monitor July 2009

-10.7 -20.5 -10.9 -9.6 -25.4 -13.8

The demand for power in India has remained resilient despite the current economic downturn (and falling fuel prices).

Power Special Report duration a power plant generates below its full capacity, to that extent it is a capacity loss .PLF is a measure of average capacity utilization .PLF is affected by non availability of fuel, maintenance shut down ,unplanned break down and no off take (as consumption pattern fluctuates lower in nights),generation has to be adjusted.

Sources to generate power A significant portion of the current generation comes from thermal plants (64.6 percent), followed by hydro (24.7 percent), renewable resources (7.7 percent) and nuclear (2.9 percent) plants. Thermal power (coal) accounts for much of the power produced to the extent of 77,458.88 MW which is 53.3 percent of total thermal generation but the government plans to shift energy generation from thermal to hydro. Renewable sources like Wind and Solar Energy are the upcoming energy avenues to be utilized still in India.

Nuclear In India, fourteen nuclear power plants are producing about 2800 Mega Watt constituting 2.2% in the overall capacity profile. Nuclear power is considered a reliable source of energy to meet base load demand. Nuclear power generation in India is going to get a big push with the Government putting in place an ambitious expansion programme to increase it to about 10,000 MW by the year 2012 and about 20,000 MW by the year 2020. Consequently the share of nuclear power will increase in the overall generation profile.

Gas Gas is a clean fuel but till some recent time availability of the fuel and price of the gas was a major concern .In the 11th Plan 2114 MW gas based capacity has been added. But this is not sufficient to meet the increasing demand; more gas based projects should be taken up in the coming time when there will be more clarity about availability and price of gas.

In 'Vision 2020', it was deemed possible and necessary to have an installed Nuclear Power Capacity of 20,000 MW by the year 2020” “

“ Mukesh Ambani's $8.8 billion project to supply gas from the Krishna-Godavari basin, expected to dramatically alter the energy landscape of the country, could well trigger off a rush of more private sector participation. “ Plant Load Factor:(PLF) Power (electricity) storage is not feasible. Hence generation of power is controlled to match off take. For whatever

Renewable Energy The dependency on imported fuel and the increasing profitability in the Wind Energy Sector has gained a lot of attention in some previous years The high returns offered by the sector driven by the accelerated depreciation benefit. Over the period of time the country has emerged amongst the largest producers of wind energy in the world, with a current installed wind capacity of 9,756 MW i.e. 69 per cent of the total renewable energy capacity of 14,225 MW in India. 39 Investment Monitor July 2009

PLF of generating plants has improved consistently over the last five plan periods. Overall PLF of thermal power stations during the period Apr 08-Jan 09 has been 75.78% against 77.7% in the corresponding period of last year. PLF of central plants in Apr-Sep 2008 was 80.47 per cent while that of state sector units was 67.79 per cent. Highest ever Plant Load Factor (PLF) of 78.75% at National Level was achieved during 2007-08 as against 77.03% achieved during 2006-07. All sectors viz. Central, State and Private had improved PLF as compared with previous year. Among all the sectors (Central, State and Private) PLF of 90.77% achieved by Private Sector stations was highest at the National level. PLF of 104.14 % of Unit #1 of 110 MW of Sabarmati generating Station of M/s Torrent Power under private sector was the highest ever PLF achieved by any unit so far. PLF of 101.80 % of Unit #2 of Dadri (NCTPP) (210MW) of NTPC was the highest among all Central Sector units. This was also the highest ever PLF achieved by any Central Sector station unit so far.

Merchant Power Plant: Merchant power plant does not have long term PPA for sale of its power and is generally developed on the balance sheet of developers. Government of India has reserved coal block with reserves of 3.2 Billion Tons of coal for allotment by Screening Committee of Ministry of coal for merchant and captive plants. About 10,000 MW capacities are expected to be developed through this initiative. This capacity has not been taken into account while working out the capacity required in the 9.5% growth in generation scenario. Capacity addition through this route would further contribute to better economic growth, better reliability of power, more spinning reserve and above all would promote creation of competition in the electricity market.

Captive Power Plant: Captive Power Plants are power plants including Generation Sets, normally established by an industry to meet its own requirements. Captive power plants (CPP) are a significant source of power for the Indian economy. As much as 35% of the electricity consumed by Indian industry comes from CPPs. Further, the central government has made it easier to set up CPPs. Most captive power projects now need approvals only from the state authorities. The central government has also recommended to the states to encourage CPPs by allowing sale to third parties, devising transparent norms for wheeling and banking and exempting independent generating entities, which are set up for captive use, from competitive bidding procedures

Current Problem in Power Sector: Irrational Tariff structure: The most important cause of the problems being faced in the power sector is the irrational and un-remunerative tariff structure. Although the tariff is fixed and realized by SEBs, the State Governments have constantly interfered in tariff setting without subsidizing SEBs for the losses arising out of State Governments desire to provide power at

Power Special Report concessional rates to certain sectors, especially agriculture. Power Supply to agriculture and domestic consumers is heavily subsidized. Only a part of this subsidy is recovered by SEBs through cross subsidization of tariff from commercial and industrial consumers. The SEBs, in the process, has been incurring heavy losses. If the SEBs were to continue to operate on the same lines, their internal resources generation during the next ten years will be negative, being of the order of Rs.(-) 77,000 crore. This raises serious doubts about the ability of the States to contribute their share to capacity addition during the eleventh plan and thereafter. This highlights the importance of initiating power sector reforms at the earliest and the need for tariff rationalization.

Subsidies Several state governments in India provide electricity at subsidized rates or even free to some sections. This includes for use in agriculture and for consumption by backward classes. The subsidies are mainly as cross-subsidization, with the other users such as industries and private consumers paying the deficit caused by the subsidized charges collected. Such measures have resulted in many of the state electricity boards becoming financially weak At present (2009), the price per unit of electricity in India is about Rs. 4 (8 US cents) for domestic consumers, and Rs. 9 for the commercial supply. Government Initiatives * 10 Ultra Mega Power Projects (UMPPs) each with a capacity of 4,000 MW and investment of over Rs16, 000 crore. Of these four has already been awarded and six are in the pipeline. * In Hydro projects, 77 schemes have been identified with a total of 33,000 MW capacity additions. * The National Grid Program envisages adding 60,000 km of transmission network by 2012 with a total investment of $15.18bn. Of these 28.5% of the investment has to come from private sector.

Investment Policy The Government's power sector policy seeks to attract significant private sector 40 Investment Monitor July 2009

investment in the Indian power sector. Key initiatives include: * Private sector permitted to set up coal, gas or liquid based thermal projects, hydel projects and wind or solar projects of any size. * Foreign equity participation up to 100% in the power sector under the automatic route. * Role of the Central Government is minimal and the State Government and State Electricity Boards (SEBs) are empowered to negotiate directly with developers, facilitating speedy clearances for the investor. * The State Electricity Boards of Orissa, Haryana, Andhra Pradesh, Uttar Pradesh, Karnataka and Rajasthan have been unbundled/ corporatised. Fourteen States (Orissa, Haryana, Andhra Pradesh, Uttar Pradesh, Delhi, West Bengal, Maharashtra, Karnataka, Himachal Pradesh, Gujarat, Punjab, Arunachal Pradesh, Rajasthan and Tamil Nadu) have constituted/notified constitution of State Electricity Regulatory Commission. Moreover, the following major policy initiatives of the government have increased the attractiveness of the power sector: * Captive power plants have been freely permitted. *Open access to transmission encouraging competition amongst generators and distributors and trading in power from surplus to deficit regions. * Generating companies permitted to distribute electricity in rural areas * Automatic approval for 100% foreign equity is permitted in generation, transmission, and distribution and trading in power sector without any upper ceiling on the quantum of investment.

Investment Plans of Indian Corporate The corporate sector has been gearing to grab the opportunities in the power sector. According to an Assocham study, of the total $132.13bn corporate investment announced. Few significant examples are: * Reliance Power plans to invest $12.5bn in the next five years to add 15,000 MW of capacity.

Power Special Report * PTC India, the country's largest electricity trading company plans to set up a $1-billion equity fund to finance power projects. It is also exploring the possibility of launching multiple equity funds to meet the varied requirements of power projects. * Lanco plans to invest $3.75bn in setting up 3000MW hydro-power project by 2015. * Essar plans to invest $1bn in setting up a 1200MW of power project. * Bharat Heavy Electrical (BHEL) in collaboration with Bharat Electronics plans to invest $1.23bn in setting up an integrated photovoltaic facility. * Tata Power may have added just 420 MW of capacity last year but it plans to increase capacity five-fold from 2785 MW currently to 13,000 MW by 2014. The first phase of the Mundra UMPP of 800 MW will be commissioned in September 2011 with about a fourth of the work having been completed.

Impact analysis on CERC Regulations (2009-14) Generation Return on equity to be higher at 15.5 per cent The return on equity would increase from 14.0 per cent to 15.5 per cent for existing plants from 2009-10 on wards. In case of projects commissioned on or after April 1, 2009, an additional return of 0.5 per cent shall be allowed if such projects are completed within the time specified

Impact---------Positive

Depreciation rate increased to 5.28 per cent, AAD done away with The Central Electricity Regulatory Commission (CERC) has done away with the advance against depreciation(AAD) norm stated in the CERC Regulation Policy 2004-09 and has increased the depreciation rate to 5.28 percent for a period of 12 years

Impact---------Positive

Long term loans The generation company or the transmission licensee, as the case may be, shall make every effort to re-finance the loan as long as it results in net savings on interest and in that event the costs associated with such re-financing shall be borne by the beneficiaries. Also, the net savings shall be shared between the beneficiaries and the generation company or the transmission licensee, as the case may be, in the ratio of 2:1 Operation and maintenance (O&M) expenses As per the revised norm (for a 500 MW coal-based power plant) the incremental O&M expense is increased to 5.72 per cent annually, from the earlier 4 per cent. The O&M expense increased from Rs 9.3 lakh/MW in 2004-05 to Rs 10.5 lakh/MW in 2008-09 and will now rise from Rs 13 lakh/MW in 2009-10 to Rs 16.2 lakh/MW in 2013-14.An incremental compensation has been permitted after the completion of 10 years, 15 years and 20 years of the useful life of the plant, which translates into Rs 0.15 lakh / MW. 0.65 lakh / MW. This move is positive but the impact is neutral for players as the O&M expense forms a small proportion of the total costs. 41 Investment Monitor July 2009

Impact---------Positive

Impact------------Neutral

Power Special Report Working capital norms CERC has proposed that henceforth maintenance spares would be calculated at 20 per cent of the O&M expenses as compared to the previous norm of calculating at 1 per cent of the historical costs. As per our calculations, we expect the impact of this change to be insignificant. Gross station heat-rate CERC norms have tightened the gross station heat-rate. Typically a 500 MW coalbased power plant had a normative station heat rate of 2,450 kcal/kwh as per the old norms; this has been changed to 2,425 kcal/kwh with the new regulations. This norm expected to have a negative impact as the tightening of the gross station heat rate norms would result in efficient players retaining lower savings/earnings. Incentives The new CERC regulation states that the incentive would be based on Plant Availability Factor (PAF) rather than the Plant Load Factor (PLF), which was the criterion under the previous regulation. This norm expected to be a positive. In the past, players have suffered due to inadequate fuel supply leading to low PLFs. Calculation, now based on PAF will provide adequate incentive to players. The incentive calculation for plants with less than 10 years of commercial operation would be calculated as follows: Annual fixed charges * (30/365) * (0.5 * 0.5 Actual monthly PAF/ Normative PAF) For plants above 10 years of commercial operation, the calculation would be as follows: Annual fixed charges * (30/365) * (Actual monthly PAF/ Normative PAF

Transmission The CERC regulations for the transmission segment are broadly similar to the generation segment. However, the following are the cases which differ from generation segment: Operation and maintenance (O&M) expenses In the CERC Regulation 2004-09, the O&M expenses were at Rs 0.23 lakh / km and around Rs 28.12 lakh/ bay for the overall lines and sub-stations, respectively. However, the O&M expenses as per CERC Regulation 2009-14 have segregated the line costs in single, double circuit etc and sub-station costs by bay division viz, 765 Kv,400 Kv etc. The norm for AC and HVDC lines in case of a single circuit would increase from Rs 0.5 lakh/ km to Rs 0.67 lakh/ km and for a sub-station (220Kv) from Rs 36.68 lakh/bay to Rs 45.82/bay.

expenses as compared to the previous norm where it was calculated at 1 per cent of the historical costs.

FDI Flows Up to 100% FDI is allowed in respect of projects relating to electricity generation, transmission and distribution, other than atomic reactor power plants. There is no limit on the project cost and quantum of foreign direct investment. There are no discrimination between

Working capital norms Henceforth, maintenance spares would be calculated at 15 per cent of the O&M 42 Investment Monitor July 2009

Impact--------- Neutral

Impact--------- Negative

Impact--------- Positive

domestic or foreign investors. Zero customs duty on import of capital goods for Mega Power Projects has pushed FDI flows in India. Income tax holiday for generating plants for 10 years is also an initiative by govt. The Civil Nuclear Agreement signed on October 10, 2008, has opened the door even wider for US exports to help India meet its tremendous energy needs. This has resulted in growth for nuclear power in the country with the potential foreign entrants in the sector. A GDP growth rate of 9% in the

12th Plan would mean an annual energy demand growth of 7.2%. In this scenario, the energy generation should increase to 1,470 BU by 2016-17 from 1,038 BU in 2011-12.

Long term plan: 12th plan (2012-17) Under various growth scenarios, the capacity addition required during 12th plan would be in the range of 71,000 1, 07,500 MW, based on normative parameters. The capacity addition of 82,200 MW for the 12th Plan based on Scenario of 9% GDP growth rate and an elasticity of 0.8% will be needed according to an estimate. During 12th plan about 30,000 MW capacity additions is likely to be based on hydro and about 11,000-13,000 MW will be nuclear based. The balance capacity addition of about 50,000 MW will be from thermal projects. All necessary inputs for projects need to be tied up well in advance, which may pose very big challenge for power sector as a whole

“The Working Group recommends a capacity addition of 82,200 MW for the 12th Plan based on Scenario of 9% GDP growth rate and an elasticity of 0.8%.” XII Plan Highlights: Initial Twelfth plan capacity addition pipeline at 132GW, v/s 79GW for Eleventh Plan: CEA has identified Twelfth Plan (FY13-17) capacity addition pipeline at 132GW, including 40GW of tentative projects. This initial estimate is a significant increase vs. Eleventh plan (FY0812) target of 79GW and Tenth Plan (FY03-FY07) addition of 21GW.Recent delays in terms of project commissioning has led to bunching up of capacity addition in FY12 (29GW, 36% of total Eleventh plan target), increasing possibilities of delays.

41% of thermal pipeline already has fuel linkages:

Power Special Report Of the Twelfth Plan thermal project and 'Carbon Sensitive Growth'. Well pipeline of 95GW, captive coal blocks guided market forces can go along way are already available for 19% and link- in helping ensure that power deficit sitages for 22%. Thus, 41% of planned uation is quickly erased. pipeline already has fuel linkages. According to the analysis of demand of Pipeline on imported coal stands at power and rate of growth in economic it 13GW including 10GW of UMPP proj- is suggested that if the GDP grows at an ects. Share of hydro in Twelfth plan average rate of 8 % for the next 10 pipeline stands at 22%, vs. 20% in years, the country's demand is likely to Eleventh plan period; while share of rise from around 120 GW at present to nuclear power has increased to 6% (vs. 315 to 335 GW by 2017 .The Key fac4%).Surprisingly, recent pipeline does tors which will derive this demand can not include project commissioning from be explained as follows: captive mine allocations of 3.6b tons (16GW capacity) to private players in * India's Manufacturing sector Jan 08, indicating delays in terms of growing faster than in the past. coal mining. * Residential consumption The Govt. on India has a vision of power for all by 2012: Particulars

31st, Mar 08

Installed Generation Capacity (MW) 145588 Inter Reg. Capacity ( MW) 17625 Transmission Per Capita 700 Consumption (kWh) To achieve this massive target not only the generation, transmission and distribution of power but also the entire electricity supply value chain has to be augmented technologically and commercially, whereas, in reality the historical achievement of targets are somewhat 50%. In such a situation every Power Company must: * Consolidate its Fiscal position * Explore every avenue of Revenue earning * Encourage Private investment The Road Ahead-------2017 There are two important underlying “ 2017 demand will be substantially higher than expected ” themes that the Indian power sector is focusing on in 2009 which include 'Enabling Competitive Power Markets' Sources/Systems

growing at 14 per cent over the next 10 years. * The connection of 125,000 villages to the grid through several programme that aspire to provide power of all by 2012. * The realization of demand suppressed due to load shedding.

Renewable/Co-generation Plants * SERCs to encourage and specify minimum percentage for purchase of power from renewable and co-generation plants. * Mandating the distribution utilities in the State to purchase renewable energy to reach at least a target of 5% of total energy consumption in the area of each DISCOM/licensee by the year 2012.

Estimated mid Term (2032)Potential Wind Power 45,000 Bio-Power 61,000 Co-generation Baggasse 5,000 Small Hydro(up to 25MW) 15,000 Waste to Energy 7,000 Solar Photovoltaic 50,000 Total 1,83,000 43 Investment Monitor July 2009

2012 Vision Reqd Growth Rate 224165 13.49% 35700 25.64%” 1000 10.71%

Cumulative Installed Capacity(As on 30.09.06) 6070.20 466.50 571.83 1849.78 34.95 2.74 8996.00

.Co-generation power is to be given "Must Run" status. Co-generation power should be treated at par with nonconventional energy sources such as wind energy. There fore, no backing down of the co-generation power be resorted to by the off taking distribution utilities except in extraordinary events.

Bonanza for equipment manufacturers: Moving away from its former debilitating economic umbra, India's power sector today presents a wide sphere of business opportunities - from emerging segments such as nuclear energy to growing segments such as renewable energy and the maturing conventional fuel segment. The energy sector needs investments in the range of $120- $150 billion. Recognizing the increasing requirements and burgeoning growth in the Indian market and the energy requirements energy majors from the US and other countries have got their eye set on India. The global slowdown may have made it difficult for companies to raise money to complete power plant projects but the equipment business is seen as lucrative. Over the next five years India's capacity of manufacturing power equipment is slated for a fourfold increase to around 43,000 MW on the back of investments exceeding Rs 30,000 crore. At present the country's overall capacity of power equipment manufacturing is in the region of 10,000 MW, the main contributor being the state-owned Bharat Heavy Electrical Ltd (BHEL). The additional equipment manufacturing capacity is expected to be added by the end of 2015, according to the Central Electricity Authority (CEA). Power equipment manufacturers - both domestic and international are looking to rake in the moolah mainly from the unmet demand. Companies like L& T, JSW and Reliance are in the process of setting up equipment manufacturing capacities in the country in partnership with overseas partners. Overseas firms like Areva and Alstom have in recent months upped their production capacities in the country.

Outlook-

Power Special Report POWER OF MONEY * Foreign exchange and import bill saving from KG Basin gas $20 billion * India could find at least 200 trillion cubic feet of gas from east coast alone * As per new govt. guidelines setting up power projects within SEZs more lucrative * Energy sector needs investments in the range of $120- $150 billion o 4-fold power equipment sector growth(43,000 MW) in 5 years with Rs 30,000 cr investment * $148 billion of new funds ploughed into the quest for new energy last year * $3 trillion market for environmentally clean low carbon technologies by 2050 by private and public counterparts. In order to revamp the power sector, numbers of initiatives have been taken in the recent past, both in terms of policy pronouncement and programme ranging from bringing about efficiency in generation segment through introduction of super critical technology to penetration of commercial energy in the rural areas and consolidation of electricity distribution system. The sector has posted decent set of results as a whole despite of current economic scenario. Higher utilization would also help reduce the depreciation cost for the companies. While it might not be visible fully, but fall in interest rate would also help the bottom-line of the companies. Power sector is highly capital intensive and hence, is highly lever-aged. The electricity generation target for the year 2008-09 has been fixed at 744.344 BU comprising of 631.270 BU thermal; 118.450 BU hydro; 19.000 BU nuclear; and 5.624 BU import from Bhutan. Outlook for the sector looks reasonable with decline in fuel prices and its availability. This would further be aided by fall in interest cost, led by falling interest rate. Therefore, in the light of rising demand for power and huge capacity expansion, the scope for the growth of the sector is vast and is expected to materialize soon. Promised regulated returns along with high demand visibility make the sector a defensive play. Therefore, looking at the current scenario and future growth potential we expect POWER SECTOR to outperform the markets in the medium to long term (i.e., 3-5 year) thereby providing excellent investment opportunities in the sector.

The sector is on the path of growth led 44 Investment Monitor July 2009

â&#x20AC;&#x153;

During past congress regime, the power generation space got a boost through the award of four UMPPs (three to Reliance Power, one to Tata Power) of 4000 MW each. Under the able leadership of power minister Sushil Kumar Shinde, UMPPs will continue to be the centre-piece of the government's attempt to add over 50,000 MW of generation capacity through competitive bidding by private power developers With a stable government in the centre, the focus will be more on reforms and power sector will continue to be in the limelight keeping in mind the dismal demand-supply scenario in the country .

â&#x20AC;?

Reliance Media & Entertainment

(An Open-ended Media & Entertainment Sector Scheme.) The primary investment objective of the Scheme is to generate consistent returns by investing in equity / equity related or fixed income securities of media & entertainment and other associated companies. Latest NAV Curr NAV Old NAV Dividend Plan 16.2556 16.5342 Growth Plan Bonus option 20.8042 21.1607 Growth Plan Bonus option 20.8042 21.1607

MaxCNAV Date MaxPNAVDate 12 Jun 09 11 June 2009 12 Jun 09 11 June 2009 12 Jun 09 11 June 2009

Performance as on 29/05/2009 Absolute 6 months Reliance Media & Entet Fund -Growth S&P CNX Media & Entertainment Index

53.07

77.46

Compounded Annualized 1 Year 3 Years Since Inception -25.19

1.89

16.57

-32.17

-1.66

9.84

45 Investment Monitor July 2009

Reliance Media & Entertainment

Portfolio : Top Holdings as on May 29th, 2009 Equity

Sector

Value(Rs Cr.)

Asset (%)

Zee News Zee Entertainment Jagran Prakashan TV 18 Sun TV Network Network 18 Hinduja Ventures Balaji Telefilms Dish TV India Pritis Nandi

Media Media Media Media Media Media Technology Media Media Media

18.00 16.16 13.01 11.88 10.09 9.60 6.81 6.11 6.08 1.87

12.93 11.61 9.35 8.53 7.25 6.90 4.89 4.39 4.37 1.34

Sector Outlook - Media and Entertainment Sector The Media and Entertainment is one of the fastest growing sectors in India. The increasing rate of urbanization, the penetration of television and radio industry in the rural areas with the help of the technology and the rising levels of incomes of the people in India has facilitated the growth rate of Media and Entertainment industry in India. The Indian economy is growing at a fast rate and the Media and Entertainment industry is expected to benefit significantly from it. The industry grows faster than the gross domestic product growth (GDP) due to the elasticity of income. When incomes rise, people tend to spend proportionately more resources on leisure and entertainment then the

necessities. India is poised to enter this phase of rapid growth in the sector. The Media And Entertainment sector is highly fragmented in India.

Though the economic slowdown affect the profitability of advertising-driven sectors like print, radio and outdoor sectors, the media and entertainment industry is still expected to have a CAGR of 18 per cent over the next five years. The Indian media and entertainment industry stood at Rs 58,400 crore in 2008, a growth of 12.4 per cent over the previous year, and it will reach the size of Rs 1, 52,000 crore by 2013. Recent technological advances and liberal government policies favoring foreign direct investment (FDI) continue to aid expansion. Attracted by the booming M&E industry, multinational media conglomerates such as Walt

46 Investment Monitor July 2009

Disney Corporation and Viacom have invested or plan to invest in Indian M&E companies. In India, the ratio of advertising expenditure to GDP is about 0.4%. This is substantially lower in comparison to the developed economies as well as developing economies. As the Indian economy continues to develop and the televisions reach increases, its advertising expenditure to GDP ratio is expected to increase over the next 5 years. The demographic profile of India also favors higher spend on entertainment, with the consuming class forming a sizeable chunk of the country's total households. Thus, this could lead to the emergence of a huge consumer base for the various products and services (including entertainment). New distribution technologies like DTH, Conditional Access System (CAS) and IPTV, hold the future of the media industry as increasing digitalisation will radically alter the ways in which con-

Reliance Media & Entertainment sumers receive channels. Also, these distribution platforms will give broadcasters direct access to consumers providing not just routine content but also customized value added services (like video on demand). As a result of this, the average revenue per user will increase significantly. Moreover, broadcasters are also expected to rake in larger advertisement revenues, as ad spend is likely to go up on the back of the robust economic growth.

Outlook of the top holdings of the fund: Zee News Technically the outlook remains positive for the medium to long term investment purpose. On weekly charts the counter is facing a strong resistance at 49-50 level, a clear cut breakout above this level will take the counter to the higher level of 75 and above. Strong support is placed at 38

Zee Entertainment Zee Entertainment is consolidating at current levels after witnessing a continuous upside momentum. A strong support is placed at 162-165 levels. Medium term outlook remain positive for the counter for the target of 235240.

Jagran Prakashan

The counter is showing good movement in the recent times, with RSI trading at 64 level. All other technical indicators are also giving positive signals but the only concern is the fewer amounts of volumes in the counter.

TV 18

sheet and leader in the South Indian general entertainment channels is one of the best pick in media sector. Technically also the outlook remains bullish for the counter.

Network 18 Network 18 raises Rs 204.92 crore via a qualified institutional placement issue of 1.57 crore shares at Rs 130 per share. it has got Rs 1,200 crore of networth

and only Rs 200-250 crore of debt. Technically it is consolidating at current level but the medium - long term outlook remains bullish.

Hinduja Ventures

The counter after witnessing a one side rally for the last few days has now following a downtrend. A small resistance is placed at 165 level. A confirmatory breakout above this level will start a new bull run in the counter.

Hinduja Ventures associate company, Planet E Shop Holdings (India) Ltd, has received the permission to downlink and distribute Foreign TV channels and content, from the Ministry of Information & Broadcasting, Government of India.

Sun TV Network

Balaji Telefilms Ltd.

Sun TV with the digitalization that is taking place or well funded balance

Fundamentally the company is witnessing a fall in its TRP as compared to

47 Investment Monitor July 2009

Reliance Media & Entertainment

other newly launched channels. Technically it is performing in line with the other media sector stocks, So we can expect an average to good return in the near future.

sector stocks. It has been giving a nominal rate of return but with less participation of traders and investors

The Indian media and

For Dish TV the support is deep down at Rs 35 levels unless it breaches the support, the outlook remains positive. On the upsides the resistance might be seen at Rs 72-74 levels and that is where I think trader should basically take some money off the table and start locking in profits.

Pritish Communiactions

entertainment

industry

stood at Rs 58,400 crore in 2008, and is expected to grow at a CAGR of 18 percent. So the major

Nandy players of the sector will

A slow performer among all the media

major players are performing in line with the

Conclusion Dish TV

the current scenario, the

be the beneficiary in the growing phase. Looking at 48 Investment Monitor July 2009

market but not performing to their actual capabilities. Fund with one of the fastest growing sector as its portfolio is deemed to perform well in the long term. Short term outlook is upward bias as some consolidation is expected.

Market Commentary

ndian capital markets moved back from multi-month highs as profit booking emerged at higher level. The barometer index BSE Sensex fell below the psychological 15,000 mark to end its 14-week winning streak. Anticipation of a strong push for economic reforms by the newly-elected United Progressive Alliance (UPA) government, positive global cues and strong foreign fund inflow had triggered a solid recent rally. Upbeat advance tax paid by frontline companies for the April-June 2009 quarter helped key benchmark indices to reverse some of its losses

Trading for the month started on an upbeat note with markets advancing on Monday, 1 June 2009 in anticipation of a strong push for economic reforms. The BSE 30-share Sensex gained 215.38 points, or 1.47%, to 14,840.63 and the S&P CNX Nifty rose 80.95 points, or 1.82%, to 4,529.90. After that Nifty touched a high of 4693 but could not sustain to the higher levels and started to retrace back from that level to touch the low of 4143. During the

month it lost around 5 percent till 24 June, 2009. On the other hand Sensex touched the high of 15600 and low of 14016 during the month after showing a swing of almost 3 percent in a monthâ&#x20AC;&#x2122;s time. On sectoral front, IT stocks continued their upside momentum for the fourth consecutive month on the hopes that government may extend tax benefits in the Union Budget 2009-2010. The Indian IT industry has sought extension of the Software Technology Parks of India (STPI) scheme. The STPI scheme which offers 100% tax deduction on profits under Section 10 A and 10 B of the Income Tax Act, was extended by one year to March 2010 in the Budget last year. Other out performers were the FMCG with gains of around 7 percent, followed by Healthcare and Capital Goods index. On the losersâ&#x20AC;&#x2122; side, Realty index once again came out as the worst performer, down by almost 16 percent. Realty stocks fell on profit taking after a recent sharp surge triggered by expectations 49

Investment Monitor July 2009

that stability at the Centre will attract more money from foreign investors into the sector which in turn will boost growth. In the last six weeks, three realty firms Unitech, DLF and Indiabulls Real Estate, have together raised Rs 8000 crore through qualified institutional placements (QIPs). Oil & Gas index also lost over 11 percent. India's largest oil exploration firm by sales ONGC fell 10.36% as its advance tax fell 33% to Rs 890.50 crore in Q1 June 2009 over Q1 June 2008. India's largest private sector firm by market capitalization and oil refiner Reliance Industries (RIL) lost 13.46% in the week after the Bombay High Court directed RIL and Reliance Natural Resources (RNRL) to sign gas supply deal. The court has asked RIL to supply 28 million metric standard cubic meters per day (mmscmd) of gas for 17 years at $2.34 per million metric British thermal unit (mmbtu) to RNRL. This is much lower than the price fixed by the government for gas sale from the RIL block in the KG basin at $4.2 million per metric British thermal unit. RIL's advance tax payment fell 7.65% to Rs 1,068 crore in

Market Commentary Q1 June 2009 over Q1 June 2008.Negative sentiments also supported after its German unit Trevira, a specialty polyester manufacturer, went bankrupt. Followers in the list of losers were PSU, Infrastructure, Banks, Metals and small caps. On macro front, The National Stock Exchange (NSE) after trading hours on 29 May 2009, announced a reduction in the lot size of a number of derivatives contracts as a part of a periodic review to meet a previously set value of the contract at Rs 2 lakh. For most of the stocks, the changes will be applicable from July 2009 derivative contracts. The reduction in lot size may result in increased participation from retail investors. The Securities and Exchange Board of India has rationalised disclosure norms for rights issues. The market regulator has allowed investors to choose commission payable to mutual fund distributors and has cut fees for financial intermediaries by 50%. India's industrial production for April 2009 bounced back into the positive zone after declining three times in the preceding four months. The index of industrial production (IIP) rose 1.4% in April from a revised 0.75% decline in March 2009, data released on 12 June 2009 showed. Industrial output rose 2.4% in the 2008/09 fiscal year (AprilMarch), down from a revised 8.5% in 2007/08 Foreign institutional investors (FII) were the key drivers of the recent solid surge. After being heavy net sellers of Rs 4250.30 crore in January 2009 and to the tune of Rs 2707 crore in February 2009, foreign fund selling eased in March 2009, when they tuned net sellers of only Rs 1.1 crore. Their buying gathered steam in April 2009 when they pumped Rs 7384.50 crore. They continued their buying spree in May 2009 pouring Rs 20,606.80 in equities. FII inflow in June 2009 totaled Rs 4,962.40 crore (till 17 June 2009) with their inflow in calendar year 2009 at Rs 26,281.80 crore.

There will be no entry load on any mutual fund schemes from now on. Distributors will now have to disclose commission for schemes. In a landmark move, mutual fund investors will now decide on the commission payable to distributors. In an another move in the benefits of investors, the government is set to exempt an annual investment of Rs 50,000 or less by investors in units of mutual funds from the requirement of submitting details of their permanent account number (PAN) at the time of

investment.

Debt Market Debt Market Review

â&#x20AC;&#x153;In

the

increasing

coming its

week,

borrowing

quantum for sixth straight week,

Government of India

has announced to borrow Rs.15,000

crore

using

uniform price based method as against the scheduled quantum of Rs.12,000 crore. In addition to this,

â&#x20AC;?

In the mutual fund segment , Mutual fund investors have a reason to cheer. 50

Investment Monitor July 2009

In the primary market for government bonds, in the first week of the month, RBI auctioned bonds worth Rs.15,000 crores. 5 year bond 6.07%-2014 (Rs.8000 crore), 12 year bond 7.94%2021 (Rs.3000 crore), 18 year bond 8.24%-2027 (Rs.2000 crore) and 26 year bond 7.40%-2035 (Rs.2000 crore). During the second week of the month RBI again auctioned bonds worth Rs.15,000 crores. It auctioned 6 year bond 6.49%-2015 (Rs.5000 crore), 11yr 6.35% GS 2020 (Rs.5000 crore), New 15 year paper (Rs.3000 crore) and 25 year paper 7.50%-2034 (Rs.2000 crore). New 15 year paper witnessed the highest demand and its coupon was set below market expectations at 7.35%. RBI also announced to purchase securities to the tune of Rs.6000 crore through Open Market Operation (OMO) in the second week of the month. As against the notified quantum of Rs.6,000 crore, RBI received bids aggregating Rs.5735

crore. RBI accepted bids aggregating Rs.4620 crore at a higher than expected cut off price which boosted the sentiments in the market. In the coming week, increasing its borrowing quantum for sixth straight week, Government of India has announced to borrow Rs.15,000 crore using uniform price based method as against the scheduled quantum of Rs.12,000 crore. In addition to this, 10 states have announced to borrow Rs. 5950 crore through issuance of 10 year Sate Development Loans. In the secondary market for government bonds, lack of firm cues and increasing uncertainty over the government borrowing program resulted in significant firming up of yields during the month under review. While short tenor papers were more frequently traded, long tenor papers did not attract traders’ interest owing to supply side fears. The government will outline its borrowing plan for Fiscal 2009-10 at the final budget in

et Review

Market Commentary July, and the increase in auction size to Rs.15,000 crore has raised concerns that the initial gross borrowing target of Rs.3,62,0000 crore could be raised. Lower than expected demand in auction of short term paper, 6.07%-2014 also dampened market sentiments and yield on 10 year benchmark paper touched a two month high of 6.91%. Moreover, y-o-y rise of 1.4% in Industrial production added to signs of recovery in demand in economy. Two month high yield levels attracted investor’s interest and yields eased marginally with the start of the second week of the month. However, with overall market sentiments remaining grim about fifth successive rise in market borrowing by Rs.3,000 crore, yields firmed up again. Some respite was witnessed after RBI purchased securities in OMO auction at lower than estimated yield. But a sharp rise in US treasury yields at the end of the time before going to press resulted in market sentiments turning cautious. Trading volumes remained healthy during the month owing to abundant liquidity in the system and short term papers attracted maximum trading interest. Yield on benchmark 5 year paper, 6.07%-2014 ended the month at 6.63% as compared to previous month’s close of 6.33%. The yield curve flattened as

Investment Monitor July 2009

short term yields rose during the month. Spread between 30 year and 1 year papers declined to 374 bps at the time of going to press from 376 bps during the previous month. The period under review witnessed healthy trading volumes and good demand in primary market owing to conducive liquidity conditions. Despite this, traders sought comfort at higher yield levels mainly due to uncertainty over borrowing quantum and revival in industrial output. In the upcoming budget, two factors will find prominence i.e., the extent of increase in Government borrowing and scope of decline in interest rates on small saving schemes. While the market has already discounted the increase in government borrowings, a sharp rise in the same may have adverse impact on yields. However, any downward revision in the small saving rate will have positive impact on the market. Going forward in the coming month, selling pressure may be witnessed ahead of announcement of the final budget. Moreover, another Gsec auction of Rs.15,000 crore may also weigh on market sentiments. With liquidity being the prominent factor driving the market, traders’ interest is expected to remain skewed towards short term papers.

Stock Ideas

STOCK IDEAS REALITY & INFRASTRUCTURE The government is considering massive expenditure and refinancing structure in infrastructure .The accelerated pace of reforms raises the expectation that GDP will rise from 5.8% to 6.8% in FY2011 .To meet the target of 6-7% GDP, government needs to spend in the Infrastructure as it spurs the demand in other related sectors as well such as Metals, Power, Engineering and Cement. The improvement in growth trend will be primarily driven by acceleration in private consumption and Infrastructure spending before private corporate capex starts reviving which we expect in next 18 months. According to the estimates infrastructure spending would be close to 6% of GDP in FY2010.The particular sectors will be roads, electricity, railways. The infrastructure sector accounts for 26.7% of India's industrial output. Company

Debt/Equity

DLF Unitech Parsvnath D. LITL IBRealEst Tantia Cons. NOIDA Toll

1.27 3.55 0.83 0.24 0 2.47 0.58

RatioInterest P/E Ratio Coverage Ratio 7.97 38.6 4.47 17.61 4.22 7.88 9.62 30.65 27.7 11 2 8.48 3.14 21.57

Mkt cap

Industry Ratio

Ratings

59749 15772 1641 7831 5298 80.26 727

27.01 27.01 27.53 27.61 21.87 21.87 21.87

hold buy buy buy hold buy hold/buy

METALS Despite the adverse impact of global economic meltdown, Indian steel demand remains better than in many countries. The world Steel Association has said only India will be in positive growth zone in 2009 at 2%.Riding on the back of 6.7 per cent gross domestic product (GDP) growth and sign of economic recovery in the economy, the growth rate of core industries including cement, finished steel doubled to 4.3% during April,09. Finished steel output recorded a 1.6 per cent growth against a drop of 0.6 per cent in April 2008. The government had cut excise duty on steel to 8 percent in the interim budget for 2009/10 and imposed anti-dumping duties for six months on cold-rolled flat stainless steel. Indiaâ&#x20AC;&#x2122;s steel demand is poised to grow between 5% and 10% in the current financial year despite a slide in global demand.In Lieu of all these factor we are bullish on the Industry Company SAIL JSWSTEEL Bhushan St. Tata Steel National Alum. Sesa Goa Sterlite Ind

Ev/EBITDA 5.06 6.15 9.91 7.72 9.11 5.4 38.19

P/E Ratio 9.68 9.29 6.22 4.82 13.95 6.55 32.14

Mkt. Cap 66396 9564 2565 26936 22306 12725 38135

Industry Ratio 7.52 7.52 7.52 7.52 8.02 19.65 45.93

Ratings buy buy accumulate strong buy avoid buy buy

BANKING The newly elected government laid particular emphasis on the need to speed up financial sector reforms such as increase in the cap on foreign direct investment in insurance sector to 49% from 26% and other related to legislative changes which will make the banking sector more open. The history of modern capitalism is also about the history of progressive refinement of the global financial system. The west dominated this process in the past. This dominance will shift to the east as higher volumes of economic activity originate in economies like India and China. The need for financial sector reforms in India must be seen in this larger perspective and Finance Minister is expected be address to this catalyst in Union Budget 2009-10. Company

Net Int. Income Capital Adequacy ratio

IOB BOI BOB OBC

2.91 2.65 2.42 2.04

11.96 12.95 12.91 12.12

Gross NPA

996 1930 1981 1280 52

Net NPA

363 591 493 538

Investment Monitor July 2009

P/E

3.67 5.63 7.36 5.16

Mkt.Cap Industry P/E

4693 16928 15920 4671

6.53 6.53 6.53 6.53

Ratings

buy buy hold buy

QUERY TIME

I want to enter PNB as the company has given consistent performance. How does PNB look technically for both medium term and long term perspective? I had taken some exposure to the counter at Rs.350. Should I continue to hold or book profits in anticipation of a correction? Please advice. Swati, Bhopal

You are correct that PNB has delivered strong and consistent results on a regular basis. The stock has had a fabulous rally from its lows of Rs.286. Short and medium term investors can take some profit at current levels as the stock is testing the upper boundary of its long-term range. Fresh purchases should be considered on a strong weekly close beyond Rs.750 by short term traders. There is a possibility of the stock correcting in the near term. But the wide gap (island bottom pattern) between Rs.590 and Rs.630 will support the stock in the short-term. Stop-loss for short-term investors can therefore be at Rs.590-Rs.615. Medium term investors can hold with a deeper stop at Rs.520. However, we do not anticipate that the stock will see the levels you bought it at. If the stock falls below Rs.520 it should be bought by long term investors.

I hold shares of Rolta India purchased at Rs.99. At current market price, should I continue to hold the stock or book partial profit? Shrikant, Madurai The stock has long-term support in the band between Rs.28 and Rs.40 and a sustainable bottom could have been formed this March. Long-term investors can therefore hold the stock as long as it trades above this level. This stock can rally to Rs.200 over the next 12-18 months. However, the stock is currently pausing around the key medium-term resistance band between Rs.140 and Rs.160 where the 200-day moving average is also placed. If the rally continues in the short-term, next target is Rs.175. A reversal from any of these levels (Rs.140, Rs.150 or Rs.175) can cause a decline towards Rs.110 or Rs.85 over the medium term. Investors with a short to medium term horizon can therefore book some profit on a reversal from the levels mentioned above.

I really appreciate your efforts in doing research on markets and providing us with best of news and research. If you can help me knowing about Halonix Ltd how is the stock expected to move in near future or for long term it will 54

Investment Monitor July 2009

be really great. Kuldeep, Amdavad Halonix Ltd. (BSE Code-517296) is a leading provider of complete lighting solutions. The company is also the largest manufacturer of CFLs and Halogen lamps in India. The company has a large presence and an efficient distribution network. It also has tie-ups with various foreign companies and is truly a global player in its field. However, the short term picture for the company isn't so bright. One of the main revenue sources of the company viz the automobile industry is in a bad shape globally. Sales have gone down in developed markets and even in developing markets the sales have remained stagnant at best. The cost of servicing debt has also increased for the company in recent quarters which has led to significant decrease in the net profit of the company (in Dec 08 the net profit was barely 50 lakhs). Hence for the short term time frame of 1-3 months the stock is best avoided as it has run up a lot from its lows and is close to resistance which lies in the price band of Rs.73-81. Also fundamentally the financials of the company would take some time to get better. However, long term prospects of the company remain bright. The company enjoys a leadership position it its segment has a sound management and is operated efficiently. The company is OEM for various

QUERY TIME automobile companies like Maruti, Tata, Bajaj etc. The company is also a large contract manufacturer. The imposition of anti-dumping duty on CFLs from China and other South-East Asian countries is also a positive for the company. Cooling interest rates will help the company but demand pick up may be some time far. For investors with a time horizon of more than 1.5-2 years the stock offers a good opportunity for profits. The stock may be bought with a long term view in a price range between Rs. 50-60 where the long term support for the company lies.

I am 35 and work for a multinational company. I have an annual income of Rs.15 lakh. I have a six year old son and want to invest in a plan that can secure my childâ&#x20AC;&#x2122;s future and provide for his needs in case I am not around. Which plan should I invest in? Vijay, Hyderabad There are a number of child plans available in the market today. These not only help to secure your childâ&#x20AC;&#x2122;s future, but can also give him the freedom to pursue his dreams in case of any unfortunate eventuality to you. The plan that you choose should have features such as- Premium waiver: All remaining premiums get waived and the policy continues in case of the death of the parent; Income benefit rider: This ensures a regular income for the child in case of the death of the parent; Comprehensive health benefit rider: In case the parent suffers from a critical illness or permanent total disability, the sum assured is paid immediately and all future premiums are also waived, so that the policy continues for the benefit of the child.

for. Sudheer, Varanasi India lacks a well defined social security system and the traditional support system is weakening. So, a vast majority of us are left to fend for ourselves post retirement. Life insurance and pension plans help us plan our finances and provide a strong security net in case we outlive our savings. Life insurance is one of the best financial planning tools available to us. There are broadly two kinds of plans available in the market- pure and protection plus savings plans. Pure protection plans are also called term insurance - they provide risk cover alone. In protection plus savings plans, life insurance and savings are rolled into a single plan. Such plans provide protection plus tax-free savings. A pension plan provides pure savings and tax deferral benefits. Irrespective of what you purchase, please understand the features and benefits of the life insurance plan, and ensure that it meets the requirements of your lifestyle.

I am 25, in good health and have no dependants. Is there any advantage in buying insurance now? Kritika, Delhi Yes, there are advantages to buying a life insurance policy early in life. The premium you pay depends mainly on two factors - your age and the policy tenure. The younger you are, the lower your premium. At a younger age, you would be physically sound and not likely to suffer from illnesses. This would entitle you to a lower premium. Thus it is advisable to start early and stay invested to benefit from cheaper premiums as well as what Albert Einstein reportedly referred to as the eighth wonder of the world - the power of compounding.

I am 32 years old. I donâ&#x20AC;&#x2122;t have a life insurance plan but am now thinking of buying one. I would like to have your advice on which life insurance plan I should go 55

Investment Monitor July 2009

MAIL BOX

Cover Story : High Five News Bytes: Your feature ‘News Bytes’ is very informative and interesting. It helps us know about event the smallest newsworthy scoops which are important yet hard to find in any other magazine or newspaper. Such features hold special importance as they help the investor in making informed decisions, as well as present a true picture of what is going on inside the boardrooms. Also, your take on International developments bearing an impact on the Indian companies, sectors and economy is admirable because selecting just the right news from among scores of irrelevant information is not an easy task at all. Your research team deserves a special thank you for that. Infact, it was due to this feature of ‘investment Monitor’ once shown to me by my friend that I got attracted to your magazine. I suggest you to devote more space to the feature and include at least one important latest happening in the field of infrastructure also. Anurag E-Mail Reader’s suggestion I am a regular reader of your magazine and observing gradual changes in your magazine, which is adding new dimensions to it. Basically it covers different issues related to investment and is comprehensive in nature. In last few issues there had been some utility packages as some article which is well interpretation of current scenario. Being a member of investor monitor family, I have few ideas that I must share, like you can add a regular column of derivatives watch as it is propagating with a bit faster pace. A column on this will spread awareness and compliment the equity and commodity Columns. Moreover real estate is becoming more like an investment in coming years rather than people investing for primary residence. So, it will add new flavor to your enriched kitty. Manish, Jharkhand

Stock Market Monitor This is the section of your magazine which is a utility package. It’s comprehensive in nature and gives detailed information of different industry. I enjoy going through such details and it gives some type of understanding of different industry. This is concise information bank and can be referred at any point of time. This section has significance that it gives an industry wise comparison which is better parameter to compare stocks. Also it is better way to find company credentials. I am really thankful for such information which makes my work easier. This information’s are organized in a manner that it’s less time consuming. Saarika, Faridabad Cover Story I am a regular reader of your magazine. However this is the first time I am writing a letter to you. And this is because I was very impressed by your June issue's cover story. I liked the theme of your cover story which was based around the number five. It was a wonderful and timely article where you analyzed the impact of Congress victory. You also laid forward the things which government must do to restore confidence and place it back 56 Investment Monitor July 2009

on the growth trajectory of 9% and more in the coming years. With this you added the set of sectors which are likely to do well in the coming five years and your preferred companies in this sector. Overall it was an excellent article. Please continue giving such articles for enrichment of us readers. Vishal, New Delhi

Market Commentary: So far So Good , I am a regular subscriber of Investment Monitor and follow the Investment strategies given in the magazine. In June 2009 issue you have given special report on SUZLON – S.W.O.T ANALYSIS .I liked the report as it is adequate for the investor with all the details about the company and it helps the investor to fully understand the company risks and growth opportunities before investing in it. I have invested in the stock after reading the report and made good profit from the trade. I would appreciate if you can provide such informative report from time to time in future articles also.. Vijay, Jaunpur