Month: June 2016

L&T Infotech Ltd IPO (L&T Infotech IPO) Detail

Posted on by Hiren Kamani

lt infotech ipo

L&T infotech (Larsen & Toubro InfoTech) Incorporated in 1997, L&T infotech (Larsen & Toubro InfoTech), a subsidiary of Larsen & Toubro is one of the global IT solutions & services company based in Mumbai. L&T infotech (Larsen & Toubro InfoTech) offers their IT services in diverse industries such as banking and financial services, insurance, energy and process, consumer packaged goods, retail and pharmaceuticals, media and entertainment, hi-tech and consumer electronics and automotive and aerospace.

L&T infotech (Larsen & Toubro InfoTech) provides range of services includes application development, maintenance and outsourcing, enterprise solutions, infrastructure management services, testing, digital solutions and platform-based solutions.

L&T infotech (Larsen & Toubro InfoTech) is amongst the top 20 IT service providers globally in 2015 according to the Everest Group's PEAK Matrix for IT service providers. Their clients comprise some of the world's largest and well-known organizations, including 43 of the Fortune Global 500 companies.

Company Promoters:

The promoters of the company are:

1. Larsen & Toubro Ltd

Objects of the Issue:

The objects of the offer are:

1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges; and
2. To carry out the sale of up to 17,500,000 Equity Shares by the Selling Shareholder.

Issue Detail:

  »» Issue Open: Jul 11, 2016 – Jul 13, 2016
  »» Issue Type: Book Built Issue IPO
  »» Issue Size: [.] Equity Shares of Rs 1 aggregating up to Rs 1,400.00 Cr
  »» Face Value: Rs 1 per Equity Share
  »» Issue Price: Rs. 778 – Rs. 800 per Equity Share
  »» Market Lot: 18 Shares
  »» Minimum Order Quantity: 18 Shares
  »» Listing At: BSE, NSE

Note : Discount for Retail Investor is 10 RS.

Quess Corp Ltd IPO (Quess Corp IPO) Detail

Posted on by Hiren Kamani

Quess corp ipo

Quess Corp Incorporated in 2007, Quess Corp Limited (formerly known as IKYA HUMAN CAPITAL SOLUTIONS LIMITED), is integrated business services provider in India mainly focused on emerging as the preferred partner for handling end-to-end business functions of their clients. Quess Corp offers services across many sectors like IT and ITES staffing, managing facilities, F&B sector, skill development training, general staffing, HR solutions, engineering services, etc.

Quess Corp Headquarter is in Bangalore, the Company has pan-India presence with 47 offices across 26 cities, as well as operations in North America, the Middle East and South East Asia. Quess Corp serves over 1300+ customers across 4 segments namely, Global Technology Solutions, People & Services, Integrated Facility Management and Industrial Asset Management.

Company Promoters:

The promoters of the company are:

1. Ajit Isaac
2. Thomas Cook (India) Ltd ('TCIL')

Objects of the Issue:

The objects of the issue are:

1. Repayment of debt availed by the Company;
2. Funding capital expenditure requirements of the Company and their Subsidiary, MFX US;
3. Funding incremental working capital requirement;
4. Acquisitions and other strategic initiatives; and
5. General corporate purposes.

Issue Detail:

  »» Issue Open: Jun 29, 2016 – Jul 1, 2016
  »» Issue Type: Book Built Issue IPO
  »» Issue Size: [.] Equity Shares of Rs 10 aggregating up to Rs 400.00 Cr
  »» Face Value: Rs 10 per Equity Share
  »» Issue Price: Rs. 310 – Rs. 317 per Equity Share
  »» Market Lot: 45 Shares
  »» Minimum Order Quantity: 45 Shares
  »» Listing At: BSE, NSE

FreeStockAnalysis ICICI Bank Limited,Tata Steel Limited,Reliance Infrastructure Limited,Jubilant Foodworks Limited

Posted on by Hiren Kamani

Intraday Trading Strategy – 1


ICICI Bank Limited

Buy ICICI Bank Limited at / above 240.25 Target 244.01 – 247.93 – 251.88 – 255.87

Stop loss — 236.39

Sell ICICI Bank Limited at / below 236.39 Target 232.67 – 228.88 – 225.11 – 221.37

Stop loss — 240.25

 

Intraday Trading Strategy – 2


Tata Steel Limited

Buy Tata Steel Limited at / above 333.06 Target 337.47 – 342.07 – 346.71 – 351.38

Stop loss — 328.51

Sell Tata Steel Limited at / below 328.51 Target 324.16 – 319.67 – 315.22 – 310.79

Stop loss — 333.06

 

Intraday Trading Strategy – 3


Reliance Infrastructure Limited

Buy Reliance Infrastructure Limited at / above 534.76 Target 540.29 – 546.11 – 551.97 – 557.86

Stop loss — 529

Sell Reliance Infrastructure Limited at / below 529 Target 523.52 – 517.82 – 512.14 – 506.5

Stop loss — 534.76

 

Intraday Trading Strategy – 4


Jubilant Foodworks Limited

Buy Jubilant Foodworks Limited at / above 1080.76 Target 1088.45 – 1096.71 – 1105 – 1113.33

Stop loss — 1072.56

Sell Jubilant Foodworks Limited at / below 1072.56 Target 1064.92 – 1056.77 – 1048.66 – 1040.58

Stop loss — 1080.76

 

All prices relate to the NSE Spot/Cash Market

FreeStockAnalysis ICICI Bank Limited,Tata Steel Limited,Reliance Infrastructure Limited,Jubilant Foodworks Limited based on the previous trading day’s price activity.

Intraday call is valid for the next trading session only unless otherwise mentioned.

Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.

Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.

 

FreeStockAnalysis ONGC Limited,ITC Limited,Jet Airways Limited,Dr Reddys Laboratories Limited

Posted on by Hiren Kamani

Intraday Trading Strategy – 1


ONGC Limited

Buy ONGC Limited at / above 221.26 Target 224.88 – 228.65 – 232.44 – 236.27

Stop loss — 217.56

Sell ONGC Limited at / below 217.56 Target 213.99 – 210.35 – 206.74 – 203.16

Stop loss — 221.26

 

Intraday Trading Strategy – 2


ITC Limited

Buy ITC Limited at / above 351.56 Target 356.08 – 360.81 – 365.58 – 370.37

Stop loss — 346.89

Sell ITC Limited at / below 346.89 Target 342.42 – 337.8 – 333.22 – 328.67

Stop loss — 351.56

 

Intraday Trading Strategy – 3


Jet Airways Limited

Buy Jet Airways Limited at / above 570.01 Target 575.71 – 581.72 – 587.76 – 593.84

Stop loss — 564.06

Sell Jet Airways Limited at / below 564.06 Target 558.41 – 552.52 – 546.66 – 540.83

Stop loss — 570.01

 

Intraday Trading Strategy – 4


Dr Reddys Laboratories Limited

Buy Dr Reddys Laboratories Limited at / above 3080.25 Target 3092.59 – 3106.5 – 3120.45 – 3134.43

Stop loss — 3066.39

Sell Dr Reddys Laboratories Limited at / below 3066.39 Target 3054.08 – 3040.28 – 3026.51 – 3012.77

Stop loss — 3080.25

 

All prices relate to the NSE Spot/Cash Market

FreeStockAnalysis ONGC Limited,ITC Limited,Jet Airways Limited,Dr Reddys Laboratories Limited based on the previous trading day’s price activity.

Intraday call is valid for the next trading session only unless otherwise mentioned.

Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.

Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.

 

FreeStockAnalysis Arvind Limited,Indian Oil Corporation Limited,Century Textiles And Industries Limited,Dr Reddys Laboratories Limited

Posted on by Hiren Kamani

Intraday Trading Strategy – 1


Arvind Limited

Buy Arvind Limited at / above 319.51 Target 323.83 – 328.35 – 332.89 – 337.47

Stop loss — 315.06

Sell Arvind Limited at / below 315.06 Target 310.79 – 306.4 – 302.04 – 297.71

Stop loss — 319.51

 

Intraday Trading Strategy – 2


Indian Oil Corporation Limited

Buy Indian Oil Corporation Limited at / above 415.14 Target 420.03 – 425.17 – 430.34 – 435.54

Stop loss — 410.06

Sell Indian Oil Corporation Limited at / below 410.06 Target 405.21 – 400.2 – 395.21 – 390.25

Stop loss — 415.14

 

Intraday Trading Strategy – 3


Century Textiles And Industries Limited

Buy Century Textiles And Industries Limited at / above 656.64 Target 662.73 – 669.18 – 675.66 – 682.17

Stop loss — 650.25

Sell Century Textiles And Industries Limited at / below 650.25 Target 644.21 – 637.88 – 631.58 – 625.31

Stop loss — 656.64

 

Intraday Trading Strategy – 4


Dr Reddys Laboratories Limited

Buy Dr Reddys Laboratories Limited at / above 3136 Target 3148.44 – 3162.48 – 3176.55 – 3190.65

Stop loss — 3122.01

Sell Dr Reddys Laboratories Limited at / below 3122.01 Target 3109.61 – 3095.68 – 3081.79 – 3067.92

Stop loss — 3136

 

All prices relate to the NSE Spot/Cash Market

FreeStockAnalysis Arvind Limited,Indian Oil Corporation Limited,Century Textiles And Industries Limited,Dr Reddys Laboratories Limited based on the previous trading day’s price activity.

Intraday call is valid for the next trading session only unless otherwise mentioned.

Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.

Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.

 

FreeStockAnalysis Tata Motors Limited,LIC Housing Finance Limited,Axis Bank Limited,Lupin Limited

Posted on by Hiren Kamani

Intraday Trading Strategy – 1


Tata Motors Limited

Buy Tata Motors Limited at / above 319.51 Target 323.83 – 328.35 – 332.89 – 337.47

Stop loss — 315.06

Sell Tata Motors Limited at / below 315.06 Target 310.79 – 306.4 – 302.04 – 297.71

Stop loss — 319.51

 

Intraday Trading Strategy – 2


LIC Housing Finance Limited

Buy LIC Housing Finance Limited at / above 478.51 Target 483.75 – 489.27 – 494.81 – 500.39

Stop loss — 473.06

Sell LIC Housing Finance Limited at / below 473.06 Target 467.87 – 462.48 – 457.11 – 451.78

Stop loss — 478.51

 

Intraday Trading Strategy – 3


Axis Bank Limited

Buy Axis Bank Limited at / above 534.76 Target 540.29 – 546.11 – 551.97 – 557.86

Stop loss — 529

Sell Axis Bank Limited at / below 529 Target 523.52 – 517.82 – 512.14 – 506.5

Stop loss — 534.76

 

Intraday Trading Strategy – 4


Lupin Limited

Buy Lupin Limited at / above 1444 Target 1452.78 – 1462.33 – 1471.9 – 1481.5

Stop loss — 1434.51

Sell Lupin Limited at / below 1434.51 Target 1425.77 – 1416.34 – 1406.95 – 1397.58

Stop loss — 1444

 

All prices relate to the NSE Spot/Cash Market

FreeStockAnalysis Tata Motors Limited,LIC Housing Finance Limited,Axis Bank Limited,Lupin Limited based on the previous trading day’s price activity.

Intraday call is valid for the next trading session only unless otherwise mentioned.

Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.

Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.

 

Mahanagar Gas Limited IPO (Mahanagar Gas IPO) Detail

Posted on by Hiren Kamani

Mahanagar gas

Mahanagar Gas Incorporated in 1995, Mahanagar Gas Limited is a city gas distribution company. Mahanagar Gas supply natural gas in Mumbai and its surrounding areas. Mahanagar Gas is sole authorized distributor of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai. CNG is used in motor vehicles and PNG for domestic household use as well as for commercial and industrial use.

Mahanagar Gas supply CNG though its network of 180 CNG filling stations which includes stations owned and operated by the company, oil marketing companies and private parties. CNG and PNG businesses accounted for 65.10% and 34.90%, respectively, of total gas sales revenue.

Mahanagar Gas distribute natural gas through an extensive CGD network of pipelines, for which Mahanagar Gas have the exclusive authorization to lay, build, expand and operate the city gas distribution network. Company has a supply network of over 4,464 kms of pipelines.

Competitive Strengths:

1. Well positioned in Mumbai, one of the most populous cities in the world and second largest metropolitan city in India
2. Cost effective availability of domestic natural gas
3. Infrastructure exclusivity and established infrastructure network
4. Experience in successful development and operation of city gas distribution business.
5. Promoters with strong national and multinational experience
6. Strong financial performance with consistent growth and profitability

Company Promoters:

The promoters of the company are:
1. GAIL (India) Limited; and
2. BG Asia Pacific Holdings Pvt. Limited

Objects of the Issue:

The objects of the Offer are:
1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges and
2. To carry out the Offer for Sale

Note: Company will not receive any proceeds from the Offer and all proceeds from the Offer shall go to the Selling Shareholders.

Issue Detail:

  »» Issue Open: 20 – 22 June (Tentative)
  »» Issue Type: Book Built Issue IPO
  »» Issue Size: 24,694,500 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
  »» Face Value: Rs 10 Per Equity Share
  »» Issue Price: Rs. 455 – Rs. 485 Per Equity Share
  »» Market Lot:  30
  »» Issue size: Rs 1198 Cr
  »» Listing At: BSE, NSE