Share Market Tips

• Rolta India enters into MoU with Hitachi India
Rolta India and Hitachi India announced that they have entered into an MoU for jointly addressing significant market opportunities in high growth business segments in India.The companies will work closely together to explore strategic business collaboration for infrastructure systems in large verticals, to offer comprehensive and seamlessly integrated solutions.

• HCC gains after receiving arbitration award
 Hindustan Construction Company (HCC) rose over 7%, touching to Rs31.95, after the company said it has secured an arbitration award of Rs217.18 crore for the extension of time cost claim in Lucknow-Muzaffarpur National Highway Project- Package IV.

• Deccan Gold spurts after RBI allows FIIs to hike stake
Deccan Gold Mines surged nearly 20%, touching to Rs33.65, after the Reserve Bank of India ( RBI) notified that the NRIs/PIOs can now invest up to 24% of the paid up capital of the company under the portfolio investment scheme ( PIS).The Reserve Bank of India ( RBI) yesterday, (March 24, 2015), notified that the foreign shareholding by Non-Resident Indians (NRIs)/Persons of Indian Origins (PIOs) in Deccan Gold Mines has gone below the revised threshold caution limit. Hence the restrictions placed on the purchase of shares of the company are withdrawn with immediate effect
 • Capital First raises Rs300 crore via QIP
Capital First has raised Rs300 crore through its first qualified institutional placement ( QIP) at price of Rs390 per share. The issue led to 9% dilution in equity and attracted a large number of domestic as well as foreign investors with Goldman Sachs, HDFC Life and Birla AMC among the prominent ones%.

• Sun Pharma-Ranbaxy merger completed; sentimentally positive
Sun Pharma has announced that all the requisite approvals have been received for Scheme of Arrangement between Ranbaxy into Sun Pharma, which is in the nature of merger effective from the appointed date i.e. April 01, 2014. We expect the merger would be EPS decretive in short term, but the management has indicated to get US$250mn synergy in 2-3 years time frame.

• Russia may allow imports of Indian dairy products soon
Russia may allow imports of Indian dairy products in the coming months – positive for dairy products companies like Hatsun Agro and Quality Dairy (if plants get approval to export dairy products).
With Russian experts clearing a few domestic dairy product units, Indian dairy exports to Russia are expected to start in the coming months. Russia imports about 8-10 lakh tonnes of milk powder and 20 lakh tonnes of cheese per annum.

• Power Grid to snap power supply to two BSES discom
Power Grid Corporation has threatened to snap power supply to two BSES discoms if they fail to pay dues of around Rs220 crore – sentimentally negative for Reliance Infrastructure.

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