Incorporated in 1969, Rural Electrification Corporation Limited (REC) is one of the leading public financial institutions in Indian power infrastructure. They are engaged in the financing and promotion of transmission, distribution and generation projects throughout India.
REC provides funding to their clients and assist them in formulating and implementing various types of power project-related schemes. Clients include public sector power utilities at the central and state levels and private sector power utilities. Additionally, they fund power projects for their joint sector clients. Their financial products primarily include long-term loans, short-term loans, bridge loans and debt refinancing.
REC currently administer grants and provide loans as the nodal agency for the RGGVY, which is primarily aimed at the electrification of all villages in India. REC provides loan assistance to SEBs/State Power Utilities for investments in rural electrification schemes through its Corporate Office located at New Delhi and 17 field units (Project Offices), which are located in most of the States.
The GoI has rated their performance as “Excellent” continuously from Fiscal 1994 through Fiscal 2006. They have also been ranked among the top ten public sector undertakings in India by the Ministry of Heavy Industries and Public Enterprises for Fiscal 2000, Fiscal 2002 and Fiscal 2005.
Objects of the Issue:
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
primarily loan and investment portfolio;
Meet the future capital requirements
Meet general corporate purposes;
Meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges.
Rural Electrification Corporation Ltd IPO Information
»» Public Issue Open: February 19, 2008 to February 22, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 156,120,000 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 90/- to Rs 105/-
»» Market Lot: 60 Shares
»» Minimum Order Quantity: 60 Shares
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager: IL&Fs Investsmart Securities Ltd, ICICI Securities Ltd & SBI Capital Markets Ltd
»» Registrar: Karvy Computershare Private Ltd (Ph: +91-40-2342 0815 Email:rec.ipo@karvy.com)
Important Links about Rural Electrification Corporation Ltd IPO
› Download Prospectus - with SEBI
› Application Form - NSE
› Download Red Herring Prospectus - NSE
Bidding Status (IPO Subscription day by day)
No. of times issue is subscribed (BSE + NSE)
As on Date QIBs Non Institutional Retail (RIIs) Employees Total
Day 1 - 19-Feb-2008 17:00:00 IST 3.6214 0.0357 0.0706 0.0000 2.14
Day 2 - 20-Feb-2008 17:00:00 IST 4.5217 0.0984 0.2504 0.0377 2.73
Day 3 - 21-Feb-2008 18:15:00 IST 6.5073 0.7606 0.7860 0.7147 4.13
Day 4 - 22-Feb-2008 20:30:00 IST 39.3047 27.1192 7.6789 0.9411 27.76
Rural Electrification Corporation Ltd's financial information
Particulars For the year/period ended (Rs. in million)
31-Mar-07 31-Mar-06 31-Mar-05 31-Mar-04 31-Mar-03
Total Income 28,405.75 22,296.46 22,903.05 18,361.84 20,564.22
Profit After Tax (PAT) 6,830.56 5,877.97 6,563.81 5,347.76 4,854.00
Rural Electrification Corporation Ltd IPO Listing Info
IPO Listing Date:
BSE Script Code:
NSE Symbol:
Listing in:
ISIN:
Face Value: Rs 10/- Per Equity Share
Contact Info
Regitered Office :
Rural Electrification Corporation Ltd,
Core 4, SCOPE Complex, 7, Lodhi Road,
New Delhi 110 003,, India
Phone: + 91-11-2436 5161
Fax: + 91-11-2436 0644
Email: ipo@recl.nic.in
Website: http://www.recindia.nic.in
Saturday, March 8, 2008
Seven ways to survive a Stock Market Correction!
Global markets all have corrected lately. Irrespective of which market you are investing in, you would have been affected by the recent volatility. You could be an investor in America, India, China, Korea or anywhere else in the world- your situation would be pretty much the same. Many of you who are new investors might have entered panic mode, where you are unable to relax and have lots of stress and depression. I understand how it must be for somebody who just started investing in either stocks or mutual funds two months ago to see a notional loss of 30% or more now.
I remember the first time several years ago when I witnessed a stock market correction, my portfolio was down by over 50% and I too had entered panic mode. But thankfully after reading books on investing and listening to more experienced investors, I decided not to panic and hold my quality stocks. I am a much happier person today thanks to that decision.
Here are seven simple ways to survive a stock market correction as an investor:
1. Stop Listening To Analysts
Most analysts in the media instead of providing you with a solution will just confuse you. Somebody will say everything is doomed while others will say things are great in the long term. Forget listening to analysts- most of them won’t be of any help. The reason people listen to analysts is because they are looking for peace and hope. Trust me you will get none of that by listening to somebody else. Peace and hope are all within you.
2. Stop Staring At Your Portfolio Every Thirty Minutes
Another mistake people make is that they get up every morning and wait for the markets to open. Once markets open they start staring at their stock prices. A fall makes you feel worse and small rise makes you feel a little better. This won’t help either. Instead keep track of the fundamentals of your company every time the results are out. If your company is profitable and growing - be happy. If it isn’t, find out if you need to exit. The stock price will catch up in the near future if business is growing. Do you stare at your money kept in a bank FD everyday? Most probably not. Use the same principle when you invest in stocks or mutual funds.
3. Be Patient
Many of you might not have a lot of cash to buy cheap now; however please be patient with whatever you have bought. Even the youngest billionaire on Earth today is 23 years old. It took him 23 years to be a billionaire and he didn’t do it in few days or weeks. The youngest billionaire probably in history is 23-year-old Mark Zuckerberg - the founder of the social networking site-Facebook.
4. Speak To Actual Investors With Experience
Instead of interacting with analysts or your broker, speak with people who are actual investors and who have been in the market for longer periods of time than you. They will tell you how they have survived various stock market corrections and what has made them richer. Read and learn more about people who have actually created wealth and sustained it over a long period of time.
5. Stop Following Crazy Tips
Please for heaven’s sake stop following ‘hot’ tips which promise to make you a millionaire in a matter of months. Maybe the ‘hot’ tip is only meant for billionaires who would end up as millionaires in case they do follow the tip. If it seems to good to be true, it is probably just a scam, which hopes to take money away from retail investors and put them in the hands of greedy manipulators. Similarly stop following rumours about how fundamentally strong companies are going to be shut down and go bankrupt in the next few months. Use your own head and trust yourself.
6. Understand Market Cycles
Every asset class has a cycle. Stock markets, mutual funds, real estate all move in cycles. Please realize that nothing can keep going up forever in a single direction. There will be phases when prices will come down and again move up. If you go back into history you will see several instances when stock prices came down, however over a period of time quality companies always reward investors. Understand market cycles, and don’t become a slave to them.
7. Follow The Guru
Today the richest man on earth, Warren Buffett, is an investor who has created wealth because he has stayed away from what everybody else is doing and has simply invested in quality companies for the long term. He invested in Gillette, for the simple reason that he believed that men won’t stop shaving. It makes sense to follow, as I call him, “The Guru” and think long term and remember people who create wealth do things that others don’t.
I’m sure if you follow the simple techniques above you will be a much happier and a calmer investor. Investing is about controlling your emotions and being disciplined about what you do.
Happy Wealth Creation!
I remember the first time several years ago when I witnessed a stock market correction, my portfolio was down by over 50% and I too had entered panic mode. But thankfully after reading books on investing and listening to more experienced investors, I decided not to panic and hold my quality stocks. I am a much happier person today thanks to that decision.
Here are seven simple ways to survive a stock market correction as an investor:
1. Stop Listening To Analysts
Most analysts in the media instead of providing you with a solution will just confuse you. Somebody will say everything is doomed while others will say things are great in the long term. Forget listening to analysts- most of them won’t be of any help. The reason people listen to analysts is because they are looking for peace and hope. Trust me you will get none of that by listening to somebody else. Peace and hope are all within you.
2. Stop Staring At Your Portfolio Every Thirty Minutes
Another mistake people make is that they get up every morning and wait for the markets to open. Once markets open they start staring at their stock prices. A fall makes you feel worse and small rise makes you feel a little better. This won’t help either. Instead keep track of the fundamentals of your company every time the results are out. If your company is profitable and growing - be happy. If it isn’t, find out if you need to exit. The stock price will catch up in the near future if business is growing. Do you stare at your money kept in a bank FD everyday? Most probably not. Use the same principle when you invest in stocks or mutual funds.
3. Be Patient
Many of you might not have a lot of cash to buy cheap now; however please be patient with whatever you have bought. Even the youngest billionaire on Earth today is 23 years old. It took him 23 years to be a billionaire and he didn’t do it in few days or weeks. The youngest billionaire probably in history is 23-year-old Mark Zuckerberg - the founder of the social networking site-Facebook.
4. Speak To Actual Investors With Experience
Instead of interacting with analysts or your broker, speak with people who are actual investors and who have been in the market for longer periods of time than you. They will tell you how they have survived various stock market corrections and what has made them richer. Read and learn more about people who have actually created wealth and sustained it over a long period of time.
5. Stop Following Crazy Tips
Please for heaven’s sake stop following ‘hot’ tips which promise to make you a millionaire in a matter of months. Maybe the ‘hot’ tip is only meant for billionaires who would end up as millionaires in case they do follow the tip. If it seems to good to be true, it is probably just a scam, which hopes to take money away from retail investors and put them in the hands of greedy manipulators. Similarly stop following rumours about how fundamentally strong companies are going to be shut down and go bankrupt in the next few months. Use your own head and trust yourself.
6. Understand Market Cycles
Every asset class has a cycle. Stock markets, mutual funds, real estate all move in cycles. Please realize that nothing can keep going up forever in a single direction. There will be phases when prices will come down and again move up. If you go back into history you will see several instances when stock prices came down, however over a period of time quality companies always reward investors. Understand market cycles, and don’t become a slave to them.
7. Follow The Guru
Today the richest man on earth, Warren Buffett, is an investor who has created wealth because he has stayed away from what everybody else is doing and has simply invested in quality companies for the long term. He invested in Gillette, for the simple reason that he believed that men won’t stop shaving. It makes sense to follow, as I call him, “The Guru” and think long term and remember people who create wealth do things that others don’t.
I’m sure if you follow the simple techniques above you will be a much happier and a calmer investor. Investing is about controlling your emotions and being disciplined about what you do.
Happy Wealth Creation!
V-Guard Industries Limited IPO
Incorporated in 1996, V-Guard Industries Limited is in the manufacturing and marketing of various electrical and electronic products.
V-Guard presently have sixteen branches including head office located in Cochin, spread across 12 states and the Union Territory of Delhi. They have recently ventured into states of Maharashtra, Haryana, Madhya Pradesh, Orissa, Himachal Pradesh, Chattisgarh, Uttar Pradesh and Gujarat.
Products marketed under the brand name ‘V-GUARD’ are:
Electronic Voltage Stabilizers
Monobloc, Jet, Submersible pumps and Electric Motors
Insulated Electrical Cables (House Wiring & Industrial)
Electric Storage & Instant Water Heaters
Solar Water Heaters
UPS
Electric Fans
Generation of power through wind mills.
Objects of the Issue:
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
Setup Cable manufacturing facilities;
Enameling Plant;
Plants and Service & Distribution centre at strategic locations throughout the country;
Meet general corporate purposes;
Meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges.
V-Guard Industries Limited IPO Information
»» Public Issue Open: February 18, 2008 to February 21, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 80,00,000 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 80/- to Rs 85/-
»» Market Lot: 80 Shares
»» Minimum Order Quantity: 80 Shares
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager: Anand Rathi Securities Limited
»» Registrar: Intime Spectrum Registry Ltd (Ph: +91-22-2596 0320 Email:vil.ipo@intimespectrum.com)
Important Links about V-Guard Industries Ltd IPO
› Download Prospectus - with SEBI
› Application Form - NSE
› Download Red Herring Prospectus - NSE
Bidding Status (IPO Subscription day by day)
No. of times issue is subscribed (BSE + NSE)
As on Date QIBs Non Institutional Retail (RIIs) Employees Total
Day 1 - 18-Feb-2008 17:00:00 IST 1.4644 1.2913 0.1406 0.6144 0.96
Day 2 - 19-Feb-2008 17:00:00 IST 1.4953 1.6832 0.3812 0.6590 1.11
Day 3 - 20-Feb-2008 17:00:00 IST 1.6501 1.7659 0.8517 0.7430 1.36
Day 4 - 21-Feb-2008 18:15:00 IST 1.7420 2.9155 4.2429 0.8574 2.70
V-Guard Industries Limited's financial information
Particulars For the year/period ended (Rs. in lakhs)
31-Aug-07 31-Mar-07 31-Mar-06 31-Mar-05 31-Mar-04
Total Income 10,989.26 22,311.65 17,046.85 13,464.45 12,569.73
Profit After Tax (PAT) 749.45 1,349.69 922.78 551.57 412.57
V-Guard Industries Ltd IPO Listing Info
IPO Listing Date:
BSE Script Code:
NSE Symbol:
Listing in:
ISIN:
Face Value: Rs 10/- Per Equity Share
Contact Info
Regitered Office :
V-Guard Industries Ltd,
44/1037, Little Flower Church Road,
Kaloor, Cochin- 682017, Kerala, India
Phone: + 91-0484-2539911
Fax: + 91-0484-2539958
Email: ipo@vguard.in
Website: http://www.vguard.in
V-Guard presently have sixteen branches including head office located in Cochin, spread across 12 states and the Union Territory of Delhi. They have recently ventured into states of Maharashtra, Haryana, Madhya Pradesh, Orissa, Himachal Pradesh, Chattisgarh, Uttar Pradesh and Gujarat.
Products marketed under the brand name ‘V-GUARD’ are:
Electronic Voltage Stabilizers
Monobloc, Jet, Submersible pumps and Electric Motors
Insulated Electrical Cables (House Wiring & Industrial)
Electric Storage & Instant Water Heaters
Solar Water Heaters
UPS
Electric Fans
Generation of power through wind mills.
Objects of the Issue:
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
Setup Cable manufacturing facilities;
Enameling Plant;
Plants and Service & Distribution centre at strategic locations throughout the country;
Meet general corporate purposes;
Meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges.
V-Guard Industries Limited IPO Information
»» Public Issue Open: February 18, 2008 to February 21, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 80,00,000 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 80/- to Rs 85/-
»» Market Lot: 80 Shares
»» Minimum Order Quantity: 80 Shares
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager: Anand Rathi Securities Limited
»» Registrar: Intime Spectrum Registry Ltd (Ph: +91-22-2596 0320 Email:vil.ipo@intimespectrum.com)
Important Links about V-Guard Industries Ltd IPO
› Download Prospectus - with SEBI
› Application Form - NSE
› Download Red Herring Prospectus - NSE
Bidding Status (IPO Subscription day by day)
No. of times issue is subscribed (BSE + NSE)
As on Date QIBs Non Institutional Retail (RIIs) Employees Total
Day 1 - 18-Feb-2008 17:00:00 IST 1.4644 1.2913 0.1406 0.6144 0.96
Day 2 - 19-Feb-2008 17:00:00 IST 1.4953 1.6832 0.3812 0.6590 1.11
Day 3 - 20-Feb-2008 17:00:00 IST 1.6501 1.7659 0.8517 0.7430 1.36
Day 4 - 21-Feb-2008 18:15:00 IST 1.7420 2.9155 4.2429 0.8574 2.70
V-Guard Industries Limited's financial information
Particulars For the year/period ended (Rs. in lakhs)
31-Aug-07 31-Mar-07 31-Mar-06 31-Mar-05 31-Mar-04
Total Income 10,989.26 22,311.65 17,046.85 13,464.45 12,569.73
Profit After Tax (PAT) 749.45 1,349.69 922.78 551.57 412.57
V-Guard Industries Ltd IPO Listing Info
IPO Listing Date:
BSE Script Code:
NSE Symbol:
Listing in:
ISIN:
Face Value: Rs 10/- Per Equity Share
Contact Info
Regitered Office :
V-Guard Industries Ltd,
44/1037, Little Flower Church Road,
Kaloor, Cochin- 682017, Kerala, India
Phone: + 91-0484-2539911
Fax: + 91-0484-2539958
Email: ipo@vguard.in
Website: http://www.vguard.in
Wait & watch for mkts to stabilise, feel experts
US recession fears wreaked havoc and the markets closed with huge losses inline with its Asian peers. Markets across Asia closed in red on weak cues from US on account of credit concerns. Nifty closed at 4,758 down 163 points, while Sensex shut shop at 15,913 down 629 points.
Experts feel that it’s difficult to say where the markets will stabilise. So one has to wait and watch as it is definitely falling with thin volume with little participation and a breakdown of sectors which not necessarily have any fundamental change in their performance.
Speaking on markets, Amit Dalal of Amit Nalin Securities says that liquidity available for the equities will remain shy until market shows any positive trend. "There is no way the market are going to attract money if they continue to fall every 2-3 days and that’s not going to change until the advance tax filings are over. So it is going to be dull, you need some indicator or leadership by which you can look at markets attracting money again which I don’t know of right now." he said.
Market analysts believe that whatever was expensive and with higher PE index will definitely become much cheaper. So capital goods, engineering companies, private sector banks will become definitely much cheaper. They feel that if there is any economic slowdown, then we will see a huge long period of lull and very little happening in the stock market but these are stocks may give good investment opportunities if they fall 20-25% from here.
"It’s a market of excesses,” says Nilesh Vasa of CD Equisearch. "The fundamentals don’t have any importance at the moment and the levels are not significant. The mood is definitely sulking and somber but the advice from investment strategists to them is that it doesn’t make sense to panic at these levels, because what’s going to happen is that you are not going to be able to sell now and possibly buy back later because in case it comes down, then the situation would be much more darker at that point of time and that would not permit you to buy back these stocks which you have possibly sold now. So it’s a strict no sell at the moment, from the advisory angle, in spite of the mood being really bad and a bit of nibbling and you have to actually start looking at valuations at some point in time." he adds.
Ambareesh Baliga of Karvy Stock Broking said that people are tired of holding on to stocks as they are in fact seeing losses by just holding on to them. According to him, selling is coming from those quarters. He added that thought the market may look good fundamentally, people are still not convinced about it and hence, don’t want to commit their funds right now.
Baliga said that this is a market for investors who actually have the patience to hold on to their investments for a long time. According to him, at this point of time fundamentals look decent.
“Ultimately it’s a greed and fear story and there was greed on the upside and now there is fear on the down side and one has to possibly find a mid-path where this capitulation would also stop and people will start looking at valuations with a positive frame of mind. That fear element will also drive away. Its just a question of people are just trying to find the bottom, which is not a very advisable thing to do, what is more significant is that one should possibly start buying and not look at it for sometime, that will be a better approach to it.” adds Vasa.
Experts feel that it’s difficult to say where the markets will stabilise. So one has to wait and watch as it is definitely falling with thin volume with little participation and a breakdown of sectors which not necessarily have any fundamental change in their performance.
Speaking on markets, Amit Dalal of Amit Nalin Securities says that liquidity available for the equities will remain shy until market shows any positive trend. "There is no way the market are going to attract money if they continue to fall every 2-3 days and that’s not going to change until the advance tax filings are over. So it is going to be dull, you need some indicator or leadership by which you can look at markets attracting money again which I don’t know of right now." he said.
Market analysts believe that whatever was expensive and with higher PE index will definitely become much cheaper. So capital goods, engineering companies, private sector banks will become definitely much cheaper. They feel that if there is any economic slowdown, then we will see a huge long period of lull and very little happening in the stock market but these are stocks may give good investment opportunities if they fall 20-25% from here.
"It’s a market of excesses,” says Nilesh Vasa of CD Equisearch. "The fundamentals don’t have any importance at the moment and the levels are not significant. The mood is definitely sulking and somber but the advice from investment strategists to them is that it doesn’t make sense to panic at these levels, because what’s going to happen is that you are not going to be able to sell now and possibly buy back later because in case it comes down, then the situation would be much more darker at that point of time and that would not permit you to buy back these stocks which you have possibly sold now. So it’s a strict no sell at the moment, from the advisory angle, in spite of the mood being really bad and a bit of nibbling and you have to actually start looking at valuations at some point in time." he adds.
Ambareesh Baliga of Karvy Stock Broking said that people are tired of holding on to stocks as they are in fact seeing losses by just holding on to them. According to him, selling is coming from those quarters. He added that thought the market may look good fundamentally, people are still not convinced about it and hence, don’t want to commit their funds right now.
Baliga said that this is a market for investors who actually have the patience to hold on to their investments for a long time. According to him, at this point of time fundamentals look decent.
“Ultimately it’s a greed and fear story and there was greed on the upside and now there is fear on the down side and one has to possibly find a mid-path where this capitulation would also stop and people will start looking at valuations with a positive frame of mind. That fear element will also drive away. Its just a question of people are just trying to find the bottom, which is not a very advisable thing to do, what is more significant is that one should possibly start buying and not look at it for sometime, that will be a better approach to it.” adds Vasa.
Subscribe to:
Posts (Atom)