Current order-book of the company stands at INR 110bn (including L1 projects worth INR 31bn). About 90% of the order-book is from India and remaining 10% comes from its US subsidiaries. Exposure in terms of order book from AP stands at INR 30bn and receivables stands at INR 1.9bn. Of the total order-book, 49% comprises of Hydro-power projects, 40% Irrigation segment and remaining 11% is contributed by Transportation and Urban Infra related projects. Going forward, company expects traction from Hydro-Power and microtunnelling related projects.

Management expects to close FY11e with order-book of ~INR 140bn and pegs internal order flow from its real-estate project in Mauritius at INR 40bn which is to be executed over seven years and is not part of the current order-book.

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Needless to remind that the Muhurat Trading will be observed today from 1815 hrs to 1925 hrs, and it is considered auspicious to book a token profit in the market.

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From NSE’s website, India VIX is a volatility index based on the Nifty 50 Index Option prices. From the best bid-ask prices of Nifty 50 Options contracts, a volatility figure (%) is calculated which indicates the expected market volatility over the next 30 calendar days.

The higher the volatility index, the more is the price of the underlyinig security expected to vary, and then higher the risk. Or to an investor who has taken a fundamentally strong position, more are the chances of higher returns in the near future.

Should investors and traders also look at India VIX before executing a trade? Please share your views using comments.

Here is the link to NSE’s website on the subject
India VIX

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The proceeds from the Pipavav Shipyard IPO are to be used for construction of facilities for shipbuilding and repair primarily, and for the offshore business and as margin for working capital.

The shipbuilding business is frought with revenue fluctuations and order cancellations. Moreover, the money being raised is directly for investment in the ship building capabilities, which will take a lot of time to turn revenue accretive. Considering that the world economy is still recovering from the slowdown, Pipavav Shipyard might not get a barrage of new orders right away.

In the next 2 years, there will be many chances to buy the Pipavav Shipyard stock at cheaper valuations that the IPO. Very long term investors should put their money in the Pipavav Shipyard IPO. Short and medium term investors might not make an immediate buck in the process.

Baba recommends staying away from the IPO, but certainly buying the stock at cheaper valuations later on.

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1. OIL India IPO Analysis, Review

What is OIL India Limited

Oil India Limited (OIL) is engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. OIL also provides various E&P related services and holds 26% equity in Numaligarh Refinery Limited.

Most of Oil India Limited’s exploration and production activities are in the North East and around 10% in Rajasthan. Additionally, OIL’s exploration activities are spread over onshore areas of Ganga Valley and Mahanadi. OIL also has participating interest in NELP exploration blocks in Mahanadi Offshore, Mumbai Deepwater, Krishna Godavari Deepwater, etc. as well as various overseas projects in Libya, Gabon, Iran, Nigeria and Sudan.

OIL India Limited (OIL) IPO Analysis and Detailed Review

11% of fresh equity will be sold in Oil India Limited IPO and the government will divest 10% of its stake. Post-IPO and disinvestment, the Government’s stake in the company will decrease from 98.13 per cent to 78.5 per cent.

Usage of Proceeds of OIL India Limited IPO

The funds raised in the IPO of Oil India Limited will be used to fund capex requirement for 2009-10 and 2010-11 when it had planned Rs 2,300 crore and Rs 2,400 crore expenditures respectively.

OIL IPO Price Range/Price Band

OIL, sources have said, believes its earnings per share (EPS) and book value are better than ONGC and so it is looking at pricing the issue in the range Rs 1,000-1,100.

OIL IPO Listing Date

OIL IPO issue open date is September 7 and the issue will close on September 11. The issue will most likely list on the market on September 29

IPO Analysis
Do not expect quick listing gains, but treat it as a fixed deposit. Should give good returns in the long run

oil india ipo - Google News
©2010 Google

Sensex, Nifty steady; Realty, Auto, IPO outshine - Myiris.com
Post Listing 'Maharatna' status to raise Coal India Investment Ceiling - India Infoline.com
Cairn Energy founder, Bill Gammell may trump Warren Buffett in investment - Economic Times
India's Gujarat Pipavav IPO priced at 46 rupees - Reuters
Cairn Energy reaps a windfall - Hindu Business Line
Bajaj Corp surges 23 per cent on debut - Economic Times
SCI finalises bankers for issue; banks continue to take a hit - Business Standard
Will Anil Agarwal beat Mukesh Ambani? - Economic Times
HPCL plans to sell stake in arm through IPO - Business Standard
Oil majors' stake sale likely to fetch Rs 24000 cr - Hindu Business Line

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Dish TV Analysis: Investment Rationale
Warren Buffet has said that he invests in businesses that he understands. Let us try to understand the Dish TV business

• Dish TV provides clear, DVD quality video transmission, and stereophonic sound/audio transmission for most of India’s satellite channels
• Dish TV has more reach than traditional cable
• Medium Income Group households who prefer quality and ease over price (the non price sensitive market) will certainly opt for a DTH service. Dish TV has the advantage of being an early mover and having a host of value added services (integration with travel, matrimony and job products). Being close to profitable, DishTV can easily handle the price wars in the DTH market
• Dish TV has shown thought leadership in this space by tying up with Indian Railways for DTH services in Rajdhani etc.
• Dish TV has a strong brand ambassador in Shahrukh Khan
• First mover advantage – ~1 year lead over nearest competitor and ~ 3 year lead over others
• Leader in the DTH industry – largest subscriber base ~ 5.5 mm (Jun-09)

Ok, why will Dish TV be successul against the likes of Bharti, Tata Sky, Reliance and others?

Thats the question that Dish TV’s management would have to answer for itself. For us, Dish TV is the only listed player in the space and the space is too big to ignore else why would Bharti, Reliance etc. would have wanted to enter this space.

The summary of Dish TV analysis is that the stock is Dish TV is a buy. You can search for more short and medium term stock tips on Dish TV elsewhere on the internet, but purely from the perspective of an emerging the business, the DTH business is very exciting and has huge market potential.

Dish TV is in my portfolio, but that by no means is an indication or a suggestion for you to buy it. You should consult a certified financial planner before dealing in any security.

Dish TV Analyst Coverage

dish tv - Google News
©2010 Google

Dish TV eyes 10 million subscribers by March 2011 - Indian Express
Buy Dish TV for one-day trade target of Rs 56: Sandeep Wagle - Economic Times
Buy Dish TV for target of 58: Sandeep Wagle - Economic Times
Dish TV can test Rs 57-60: Kulkarni - Moneycontrol.com
Dish TV crosses 8 mn subs, scales up growth forecast - Indiantelevision.com
Not much upside left in Dish TV: Sandeep Wagle - Economic Times
Top 3 Games Week 1 College Football TV Schedule - TV.com
Buy Dish TV for the target price of Rs 52 with a stop loss of Rs 49.80: ICICI ... - Sify
TechBytes: Dish TV Online - ABC News
Dish TV launches service campaign to celebrate 8 mn subs - Indiantelevision.com

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The website of Bombay Stock exchange www.bseindia.com has a section that carries the one year beta values of the stocks that compose the sensex.

http://www.bseindia.com/about/abindices/betavalues.asp

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Let us understand what beta is and how can the stock’s beta be used to make meaningful trading/investment decisions

What is beta?

Beta is a ratio. The ratio of returns given by a stock to the returns given by the benchmark index.
Higher this ratio, the higher is the price volatility of the stock compared to the index (e.g. sensex)

If a stock has a beta lower than 1, this means that the stock will be less volatile compared to the sensex. A stock with higher beta will have more volatility compared to the index.

Beta and Returns

Stocks with high beta tend to give more returns in a uptrending market, however, they give large negative returns when the market is going down. A stock whose beta is 1.5 will give 50% higher returns in a bullish market and 1.5 times negative returns than those from sensex when the market is going down

Beta and Risk

Obviously, more returns cannot come without more risks. High beta stocks are riskly since they may result in the capital getting stuck in the market because of sharp negative returns if the market is going down.

Beta and you?

So, how do you use beta? Beta can be used profitably for short term trading decisions when the direction of the market and the overall sentiment is clearly known.

When the markets are going down, investors can park their money in low beta stocks and sectors like pharma and fmcg.

Traders can also minimize the risk and increase the gain by investing in fundamentally good high beta stocks

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Here is the complete Exchange Holiday Calendar (remaining holidays only)

Market Holidays, along with other economy events are available here

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http://mis.karvycomputershare.com/ipo/

The Adani Power IPO should give decent listing gains.

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