DSIJ Mindshare

Stock In Action 13th August 2012

According to business standard, Coal India board is likely to approve on Monday the model fuel supply agreement (FSA) to be signed with power firms, with significant changes in the penalty clause for failing to supply to them a minimum 80% quantity of the total fuel contract. State-owned CIL has agreed to paying penalty of 1.5-40% on failing to supply the committed quantity of the fuel to power firms. On the back of this news one may see volatility on the share price of Coal India in today’s trading session.

According to business standard, Realty firm Sobha Developers' net debt has increased marginally by Rs 46 crore during the first quarter of the current fiscal at Rs 1,181 crore as the company made investment in its subsidiary and bought fixed assets. Sobha is targeting "sales value of Rs 2,000 crore for the financial year 2012-13" against Rs 1,701 crore in last fiscal. At present, the company has 38 housing projects and 42 contractual projects under various stages of construction at Bangalore, Gurgaon, Chennai, Pune, Thrissur, Coimbatore and Mysore. On the back of this news one may see volatility in the share price of Sobha developers in today’s trading session.

According to business standard, Kingfisher Airlines today announced its net loss in the quarter ended June widened about two and a half times to Rs 650 crore, compared with the net loss of Rs 263 crore in the corresponding period last year. Revenue fell more than six times to Rs 301 crore, against Rs 1,907 crore in the year-ago period. Operating losses rose from Rs 79 crore in the year-ago period to Rs 204 crore. The airline’s operating losses in the previous quarter stood at Rs 429 crore. On the back of this news one may see volatility in the share price of Kingfisher developers in today’s trading session.

According to economic times, Rural Electrification Corporation will extend an additional loan of Rs 995 crore to the 1,200-MW Teesta III hydro project in Sikkim whose overall cost has escalated to more than Rs 8,500 crore. With the additional amount, state-run REC's total lending to the project would be Rs 3,095 crore. Teesta III project has seen substantial cost overruns due to delays on account of natural calamities as well as legal hurdles. On the back of this news one may see volatility in the share price of REC in today’s trading session.

Further one could watch out for stocks like, Alok Industries, Coal India, Bosch, Pfizer, Tata Steel, Cox and Kings, Glaxosmith line, India cements, NBCC, NMDC, PTC India, Suzlon energy etc as they are going to announce their June quarter results. We could see some volatility in the share price of the these companies post their June numbers.   

 

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