10 January 2008
Suzlon’s product line is a clear reflection of its strategy to focus on developing products customized not only to the local geography and wind regime, but also the individual needs of each customer.
Suzlon’s current product range includes wind turbine generators in capacities from 350 kW to 2.1 MW, the largest example of a wind turbine manufactured and exported from Asia. Suzlon offers its turbines in customized versions for installation in a variety of climate ranging from hot, dry deserts to humid coasts, to near-freezing plains.
Suzlon has driven a focused effort to make wind turbines more reliable, consistently delivering availability rates beating global standards, higher than 95% on an average. The latest examples in Suzlon’s product line-up are the S52 - 600 kW and S82 - 1.50 MW wind turbines.
The S52-600 kW turbine is specially designed to deliver high-performance in the low-to-medium wind regime prevalent across most of India.
The design incorporates Suzlon innovations starting from blades manufactured using state-of-the-art Vacuum Assisted Resin Infusion Molding technology, to a unique Micro Pitch system, advanced controls, and the highest hub-height in its class, all leading to a robust, reliable and efficient product which generates high-quality grid-friendly power with negligible harmonics.
Suzlon to split stock, list group co Hansen on LSE(Global wind-power major Suzlon Energy Ltd said on Tuesday that it would split its shares and list its Belgium-based group company Hansen Transmissions International NV on the London Stock Exchange.)
Posts 40% rise in Q2 net at Rs 356 cr
we see this stock to 2500 and after split we see 5000 total value of stock.
by erectusplus at 02:56:00 |
1 Comments:
Today’s market action was a great lesson in paying respect to “risk”. One thing I often see in the markets is that people enter late and then exit late.
Now for most of my clients who wanted to trade RPL for short term, we entered at 190-200 levels and exited at around 250-260 levels. Those who missed the rally actually wanted to enter on dips at 260!
Today’s market action was a great lesson in paying respect to “risk”. One thing I often see in the markets is that people enter late and then exit late.
Now for most of my clients who wanted to trade RPL for short term, we entered at 190-200 levels and exited at around 250-260 levels. Those who missed the rally actually wanted to enter on dips at 260!
Now imagine a player who entered in RPL futures at 260, not putting a stop loss thinking that it will go back to 290+ levels. One single day move of -20% wipes him out of his capital. So it pays to be disciplined and pay attention to risk. This is an area where I work hardest with the clients!
I personally feel that those who do not understand risk should stay away from futures markets.
The closing on NIFTY has not been encouraging and most likely it will drift down or sideways. All we need is a good strong closing(above 5950) on NIFTY to pick up momentum again.
Guys,
Looking into the interest of so many RPL investors, I’m sharing analysis by S.P.Tulsian……….what I could make out is that due to some vested interests stock is likely to show weakness till 29th Nov, but should gradually begin it’s upmove thereafter.
Reliance Industries Ltd. (RIL), holding company of Reliance Petroleum Ltd. (RPL), has sold about 4.01% stake of RPL, being 18.04 crores equity shares, for Rs.4,023 crores, at an average price of Rs.223 per share. This has reduced stake of RIL in the RPL from 75% to 70.99%.
The share price of RPL has witnessed a lot of volatility, especially in F&O segment, in the current month series of November, when share price fell from Rs.295 to now at Rs.215. The scrip RPL, was also under ban, till Friday, in F&O, due to Market Wide Limit having crossed 95%. But now, from today, the scrip has resumed trading again in F&O. This was also first instance when a scrip of NIFTY 50, came under ban in F&O segment.
The market report indicates that about 12 crore shares are in open interest in future segment, apart from additional open interests for Put and Call, in options segments at various rates for three months. While taking a feel of retail investors’ position, majority of them are long on the scrip, and since the scrip was under ban, they kept continuing with open position, even after paying mark to market losses and incremental margins, imposed due to higher volatility. Conversely, informed circle is reported to be short in the counter, for matching open interest.
Initially, short positions seems to have been created by the informed circles, at the higher levels of Rs.275 plus, obviously, finding these price levels as unrealistic, and subsequently, actual sell has been triggered by RIL in cash market, thus realizing an average of Rs.223 per share. This has resulted in reverse arbitrage, till last week, when cash segment ruled higher than F&O. This also indicates paucity of floating stock.
Shareholding pattern of RPL is as under :–
1) RIL 337.50 cr shares being 75% Rs.3,375 crores 2) Chevron 22.50 cr. shares being 5% Rs.225 crores 3) Public 90.00 cr. shares being 20% Rs.900 crores Total 450.00 cr. shares being 100% Rs.4,500 crores
RIL has acquired its 75% stake as under :–
1)270 cr. shares at par Rs.2,700 crores 2)67.5 cr. shares at Rs.60 per share Rs.4,050 crores 337.50 cr. Total Rs.6,750 crores
RIL has almost realized its cost of Rs.4,050 crores for subscribing 67.50 shares, in April 2006, at Rs.60 per share. Since, investments sold are based on FIFO (first in first out) basis, shares having subscribed at par were presumed to have been sold, on which long term capital gain of Rs.3,842 crores, has been earned by RIL, which is tax free.
So, effective cost of 71% stake in RPL, for 319.46 crores shares are Rs.2,727 crores, translating into, cost per share at Rs.8.54 . The market value of this is close to Rs.67,000 crores.
One may recall, that Chairman of RIL, Mukesh Ambani, in company’s 33rd AGM held in October in Mumbai, had stated that the company would be capitalizing on the investments held, including that of RPL. Nobody, could predict this move, likely to be taken by RIL at a future date.
Now what could be likely move and developments, post this minority stake sale: - 1) The control of RIL on RPL is not affected as this is a minor dilution, and 71% stake is quite reasonable, in the mega refinery, which would vastly improve the consolidated results of RIL.
2) RIL would have an other income of Rs.3,842 crores, in quarter ending December 07, which would give an extra EPS of Rs.26.50, on enhanced equity of Rs.1,453 crores, post IPCL merger.
3) RIL has been able to mop up close to Rs.4,000 crores (tax free) when it needs funds, for its capex programme at K G Basin.
4) RIL may further decide to offload .99% stake, being 4.46 crore share, and realize close to Rs.1,000 crores, and keeping its stake in RPL at 70%.
5) Chevron, presently has 5% stake in RPL, with an option to raise it to 29% by June 09, post commencement of refinery. The preferential allotment can only be made, based on SEBI formula, which would be at Rs.200 plus, (presuming market price to remain above Rs.200). At this rate, Chevron may not be interested in raising its stake to 29% as it would need close to Rs.30,000 crores. Hence, Chevron, would opt to offload its 5% stake in favour of RIL, at Rs.60 per share, as per the terms of the share subscription Agreement.
6) On happening this event, RIL would be able to raise its stake, back to 75%, at a cost of just Rs.1,350 crores.
7) The informed circles, having initiated shorts in F&O at an average of Rs.275 per share, are repored to have made a gain of Rs.1,000 crore plus.
Now, let’s take a call, how share price of RPL is likely to behave, in coming times.
1) As majority of retail investors are long, they would opt to roll over their positions in December series, as bullish outlook on the stock, continues, for various reasons (no need to elaborate them).
2) Informed circle, holding short position of close to 10 crore shares, may not be interested in rolling over, as market perception has changed positive, on the stock. But, in this case, they may be interested to see a lower rate, on closing day, (Thursday 29th November) to enable them to have a better close out.
3) Since, no more, delivery based selling is expected on the counter, weakness may not be seen from beginning of December F&O series
4) If informed circle, tries to bring down the price on closing day, lot of interested buying may be seen, below Rs.200 per share, from investment and arbitrage view point.
In nutshell, this was a calculated move, by RIL, whereby, huge cost has been recovered, coupled with retaining majority and respectable stake. Also, the market (cash and F&O) is in full control of the management, which would take direction, on the next move of the management, as that will have far reaching consequences.
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