Stocks near lows - Mar 2011

company	price	high	low	PE
Jubilant Life Sciences Ltd.	162.05	296	159.5	7.1095015
NTPC Ltd.	175.6	222.2	168.6	16.588871
SJVN Ltd.	20.35	28	20	8.6538849
Steel Authority of India (SAIL) Ltd.	157.55	258.55	150.2	9.6344219
Videocon Industries Ltd.	187	294.5	180.3	7.4573809
Voltas Ltd.	156.9	262.5	150	15.082854
Bharat Electronics Ltd.	1677	2252	1602	18.610845
Bharat Heavy Electricals Ltd.	2055.1	2695	1960	23.336941
Cipla Ltd.	300	380.8	296.45	22.272051
EIH Ltd.	78.1	144.3	77	78.004543
IL&FS Transportation Networks Ltd.	196	367.75	189.1	11.727527
Aqua Logistics Ltd.	17.4	67.53	16.8	17.400195
Arnav Corporation Ltd.	10.25	44.4	11.35	88.833333
Astec Lifesciences Ltd.	46.65	92.9	45	5.9682059
Aurionpro Solutions Ltd.	194.8	343	188	80.083333
Accel Frontline Ltd.	41	72.75	39.9	19.421053
ACIL Cotton Industries Ltd.	3.53	9.47	3.4	3911
Aftek Ltd.	12.4	20.65	12.03	414.07143
AGC Networks Ltd.	169	310.3	162	6.8663805
AIA Engineering Ltd.	305.4	479.9	315.1	23.498042
Aksh Optifibre Ltd.	5.97	28.6	5.8	-6.1465704
Alka India Ltd.	0.27	0.43	0.26	-0.8949843
Allsec Technologies Ltd.	25.35	60.7	25.6	-5.6578561
BSL Ltd.	22.95	48.2	22.1	6.237467
Burnpur Cement Ltd.	8.01	15.4	7.7	52.181818
C&C Constructions Ltd.	148	286	143.25	5.0125923
California Software Company Ltd.	35.25	68.75	34.35	8.2627599
Cambridge Solutions Ltd.	34.5	80	33	-259.68243
Carnation Industries Ltd.	14.45	37.25	14.45	8.7241379
Central Provinces Railways Company Ltd.	90	254.4	89.45	-405
Chennai Petroleum Corporation Ltd.	191	299.3	184	4.7146812
Choksi Imaging Ltd.	33.1	73.6	32.35	2.6951983
Cinemax India Ltd.	42.2	76.25	41.5	19.595357
Circuit Systems ( India) Ltd.	8.27	17.3	8.01	17.780822
CJ Gelatine Products Ltd.	7.3	10.49	7.03	-70
B L Kashyap & Sons Ltd.	19.95	50	19.9	9.7984218
Balaji Telefilms Ltd.	34.45	70.6	33	14.786702
Bannari Amman Sugars Ltd.	630	1069	600.05	5.0003481
Barak Valley Cements Ltd.	19.1	50.6	19	3.2169954
Bharat Fertiliser Industries Ltd.	53.6	108.5	51.6	5.2513863
Bio Green Industries Ltd.	8.35	25.52	11.35	11.322034
Blue Star Infotech Ltd.	96.4	139.9	97.1	6.9153515
Blue Star Ltd.	332.65	553.65	320.5	14.140243
Creative Eye Ltd.	5.27	14.06	5.1	-3.0257143
Dalmia Bharat Sugar and Industries Ltd.	25.65	279	24.55	1.5205139
Datasoft Application Software ( India) Ltd.	4.33	30	4.16	26.8
Devine Impex Ltd.	10.85	99	10.6	-61.444444
Dolat Investments Ltd.	3.14	5.25	3.01	8.4754601
Eastern Gases Ltd.	21.35	47	21.8	29.142857
Eimco Elecon ( India) Ltd.	221	398	213	10.014063
Elpro International Ltd.	328.1	779.95	312.55	-16.281553
Emmbi Polyarns Ltd.	13.46	26.2	13.15	12.691429
Empee Distilleries Ltd.	102.5	178	99.05	11.395553
Esab India Ltd.	437.9	690	425.1	11.437754
Euro Ceramics Ltd.	25.25	60.9	25.1	-1.0920587
Excel Infoways Ltd.	30.85	64.25	29.95	4.7322721
Fame India Ltd.	41.05	92.95	40	-22.9216
Four Soft Ltd.	15.65	29.3	15.05	53.078261
Futura Polyesters Ltd.	5.91	11.01	5.65	-2.3395818
G V Films Ltd.	0.88	2	0.85	-8.8876712
Garware Marine Industries Ltd.	13	26.05	12.62	10.472222
Garware-Wall Ropes Ltd.	57	93.45	56.1	6.9705882
Geojit BNP Paribas Financial Services Ltd.	23	46	22.65	9.1716549
GK Consultants Ltd.	7.7	50	7.71	27.2
Globsyn Infotech Ltd.	6.16	22.05	6.1	8.7555556
Goldstone Infratech Ltd.	17.45	35.35	16.85	9.359584
Greenply Industries Ltd.	164	227	158.3	7.3116805
Greycells Education Ltd.	41.85	403	363.8	59.785714
GSS America Infotech Ltd.	146	500	142.1	15.921114
Gujarat Borosil Ltd.	10	20.85	9.9	-70.309278
Gujarat Narmada Valley Fertilisers Company Ltd.	96.25	146.2	96.6	12.077923
Hathway Cable & Datacom Ltd.	106.5	237	103	-18.662048
HB Stockholdings Ltd.	15.25	38.8	15.1	2.5057471
Hester Biosciences Ltd.	120.75	171.9	115.1	10.412935
Hind Rectifiers Ltd.	43	78.95	41.5	8.3564994
Hindustan Dorr-Oliver Ltd.	81.75	159.3	78.15	10.599676
Honeywell Automation India Ltd.	2100	3279.85	2015	17.591623
House of Pearl Fashions Ltd.	46	99.7	44.75	-22.148148
Incap Financial Services Ltd.	4.43	55.1	4.66	84
Indiabulls Power Ltd.	22.3	32.45	21.45	119.58165
Indiabulls Securities Ltd.	16.3	34.15	15.65	6.1530546
Indian Extractions Ltd.	5.25	11.69	5.25	-0.5635179
Indo Pacific Software & Entertainment Ltd.	1.41	5.91	1.41	8.6932515
Interfit Techno Products Ltd.	9.3	22	9.21	2.7279152
J D Orgochem Ltd.	2.88	4.21	2.81	38.3
J K Paper Ltd.	46.1	75.2	45	3.9551796
Jagjanani Textiles Ltd.	2.31	4.51	2.23	-0.241773
Jainco Projects ( India) Ltd.	2.59	3.96	2.58	-34.666667
JCT Electronics Ltd.	1.29	3.07	1.28	-7.870743
JJ Exporters Ltd.	14.45	30	14.5	-192
JMDE Packaging & Realties Ltd.	0.4	1.06	0.39	0.4787018
JSL Stainless Ltd.	83.3	135.5	83.05	6.1744034
Jyoti Cosmetics (Exim) Ltd.	0.78	1.97	0.79	-44
Jyoti Structures Ltd.	82.5	177.95	80.1	7.3686902
Kanoria Chemicals & Industries Ltd.	25.95	38	25.75	5.2234537
KEC International Ltd.	75.1	123.4	73.2	11.292005
Kilitch Drugs(I) Ltd.	63.6	144.4	61.8	7.1204411
Kiri Dyes And Chemicals Ltd.	305.6	792	302	23.748057
Kirloskar Oil Engines Ltd.	133.8	261.9	136.6	#VALUE!
Kirloskar Pneumatic Ltd.	382	665	375.1	10.207933
Kohinoor Broadcasting Corporation Ltd.	1.37	9.88	1.32	20.972222
Kothari Products Ltd.	367.05	663.8	360.5	3.6243268
KSK Energy Ventures Ltd.	103.8	206.5	102.15	30.44148
Lancor Holdings Ltd.	51.8	120	50	6.571875
Lime Chemicals Ltd.	4.1	9.36	3.91	-0.234375
Link House Industries Ltd.	1.14	7.89	1.1	16.880597
Maharashtra Seamless Ltd.	334.85	455	330	8.2947646
Mahindra Ugine Steel Company Ltd.	50.25	78	50.1	34.970021
Mangalam Timber Products Ltd.	15.8	38.1	15.35	-23.504065
Mascon Global Ltd.	1.42	5.15	1.37	-0.6615751
Mastek Ltd.	136.15	379	132.1	9.9380914
Mega Corporation Ltd.	0.73	2.03	0.7	-2.6838235
Merck Ltd.	562.4	1006	570	14.776512
MindTree Ltd.	375.2	663.8	358	7.1765667
Modipon Ltd.	16.75	24.65	16.4	-6.5024876
Monsanto India Ltd.	1554.15	2265	1499.9	24.829463
Mount Everest Mineral Water Ltd.	68.2	101.3	65.1	-16.44539
Nalwa Sons Investments Ltd.	760	1425	750	42.546652
National Plastic Industries Ltd.	15.7	37	15.55	4.8605442
Nava Bharat Ventures Ltd.	223.95	447	216	4.0597377
Neelkanth Technologies Ltd.	14.3	41.35	14.15	8.7288136
New Delhi Television Ltd.	66.5	134	65.1	-20.903021
Nicco Uco Alliance Credit Ltd.	0.73	1.77	0.7	-0.0832386
Nissan Copper Ltd.	2.72	6.73	2.62	18.727273
Nu Tek India Ltd.	11	65	10.5	10.708885
Nucleus Software Exports Ltd.	82	177.6	82.7	7.8743331
Omkar Speciality Chemicals Ltd.	32.15	101	31.7	20.13099
Orient Green Power Company Ltd.	23.75	47.3	22.7	-172.63043
Oriental Trimex Ltd.	8.61	15.45	8.28	4.7185185
Pan India Corporation Ltd.	0.55	0.9	0.53	-23.58
Panchmahal Steel Ltd.	70.05	180	71.1	9.0864791
Panyam Cements & Mineral Industries Ltd.	73	134	71.1	8.0330124
Pearl Engineering Polymers Ltd.	2.77	5.74	2.68	-1.4222973
Persistent Systems Ltd.	378.75	507.5	365	12.943187
Phoenix Mills Ltd.	171.9	269.25	168.05	41.561362
Pioneer Investcorp Ltd.	39.05	97.85	37.65	4.2693333
Prajay Engineers Syndicate Ltd.	12.09	35.4	11.9	35.137931
Pratik Panels Ltd.	1.8	3.53	1.8	-2.1212121
Prestige Estates Projects Ltd.	115.8	232	112.1	27.212434
PVR Ltd.	106.65	193	106	1111.6154
Quintegra Solutions Ltd.	5.36	17.75	5.25	-0.9100127
Ramky Infrastructure Ltd.	254.2	460	242.7	13.95011
Ratnabali Capital Markets Ltd.	103.95	132	103.95	5.0703565
Ravalgaon Sugar Farm Ltd.	5975	9345	5951.15	9.7154472
Resurgere Mines & Minerals India Ltd.	0.84	5.12	0.8	6.0745455
Sagar Productions Ltd.	0.25	0.63	0.24	134
Sakthi Sugars Ltd.	38.2	70.4	37.1	-2.0882353
Sam Industries Ltd.	14.05	29.3	13.7	4.1269841
Sanghvi Movers Ltd.	119	240	114	5.6986286
Sanraa Media Ltd.	0.11	0.48	0.11	1.6347826
Saraswati Industrial Syndicate Ltd.	878.5	1573.85	837	7.9250274
Sark Systems India Ltd.	6.49	44.4	6.5	87.142857
Sasken Communication Technologies Ltd.	152.1	237	149.5	5.3614363
Seasons Furnishings Ltd.	5.31	14.36	5.06	9.4444444
Sezal Glass Ltd.	3.45	12.3	3.35	45.369863
Shamken Cotsyn Ltd.	1.41	2.42	1.36	-0.7868852
Shree Precoated Steels Ltd.	6.95	18.4	6.65	2.0192982
SJ Corporation Ltd.	55.5	151.85	57	#DIV/0!
Solix Technologies Ltd.	16.1	22.45	15.5	34.965517
Sonata Software Ltd.	33.7	66.6	32.85	5.8890365
Sterling Biotech Ltd.	97.3	125.65	95.1	17.937448
Stylam Industries Ltd.	19.25	45.75	18.5	4.6833333
Sunshield Chemicals Ltd.	51.1	109.15	49	12.860544
Super Tex Industries Ltd.	0.93	5.15	0.92	15.514706
Surana Telecom and Power Ltd.	16.4	49.8	15.65	29.66087
Tata Metaliks Ltd.	105.6	167	102	5.8654226
Tecpro Systems Ltd.	259.1	454.25	261	11.887526
Thinksoft Global Services Ltd.	61	240	59.4	7.70125
Thirumalai Chemicals Ltd.	101.15	152	98.1	3.9911025
Tirupati Inks Ltd.	10.14	61.45	9.8	7.1674419
Today's Writing Products Ltd.	9.35	22.65	9.05	-0.3465547
Tulip Telecom Ltd.	141.3	201.4	135	7.4360324
Ucal Fuel Systems Ltd.	64	97.3	61.2	21.99689
Unity Infraprojects Ltd.	56.9	138.4	55.4	4.9527781
Va Tech Wabag Ltd.	1264.1	1806.6	1230.55	28.288789
Vantage Corporate Services Ltd.	9.81	18.84	9.53	-27.5
Veer Energy & Infrastructure Ltd.	4.7	11.5	4.5	13.009036
Vijay Shanthi Builders Ltd.	22	50.4	21.2	21.669173
Vikas Granaries Ltd.	16.5	38	16.3	1.3727022
Voltamp Transformers Ltd.	583.6	1135	575.85	7.1421301
Wall Street Finance Ltd.	24.75	53.5	24.1	-33.383721
Wallfort Financial Services Ltd.	34.5	63.8	32.95	1.6577514
Welspun India Ltd.	38.7	116	37.15	2.9947831
Yarn Syndicate Ltd.	4.08	6.58	4.25	9.6875
Zandu Realty Ltd.	1991	4330	1910	114.58993

Falcon Tyres - 509527

Name of Company	Falcon Tyres
BSE Code	509527
NSE Code	Not traded in NSE
ICICI Code
Established
My Take	Dislike
Headquarters	Mysore
Promoters	Pawan Kumar Ruia (Ruia group)
Story	Dunlop is the flagship brand of this company - 2 wheeler tyres are handled by this company. All others are manufactured by Dunlop India.
Sector	Tyres
Sub-sector	2 wheeler tyres
Website	http://www.falcontyres.com/
Positives	Regularly profitable company, regular divudends. yields close to 2.5%.
Negatives	High debt, high interest payments. Low NPM's 1.5% until FY08. FY10 was 6%, but does not seem to be the trend.
Peers
News
Price @ blogged	90 (6-Mar-11)
Cost of company	306 Cr for a 50 Cr FY10 NP makes it 6 times. It normally has 1.5% NPM. For 230 Cr in debt and 80 Cr in reserves, this makes it highly indebted company.

Sebi bars 6 entities from market

Sectoral regulator the Securities and Exchange Board of India (Sebi) today barred six market intermediaries from trading in securities for allegedly carrying out manipulations in various IPO issues and also slapped a penalty of Rs 36.09 crore.



"Roopalben N Panchal, Devangi Panchal, Dipak Jashvantlal Panchal, Hina Bhargav Panchal, Bhargav Ranchhodlal Panchal and Arjav Nareshbhai Panchal shall not buy, sell or deal in the securities for three months," the Sebi said in its final order.



In case the amount are not received by Sebi within 45 days, these persons would be restrained from buying, selling or dealing in securities market for a further period of nine years.



The case relates to IPOs of 18 companies during the period 2003-05. These IPOs include that of NTPC, IDFC, TCS, Suzlon, among others.



In 2009, Sebi had issued show cause notice against the six persons for opening thousands of demat accounts in fictitious names and even manipulated applications in the retail category of several IPOs.



"They retained a portion of the shares themselves and transferred the balance in off-market to financiers and others. They as well as the financiers and others made unlawful gains by sale of those shares," the notice had said.



During 2005-06, Sebi had restrained these persons from buying, selling or dealing in the securities market, including in IPOs.



Source: Business Standard

Budget 2011 highlights

* Fiscal deficit for FY11 at 5.1% ; FY12 seen at 4.6%
* Personal income tax exemption limit for individual tax payers raised to Rs 1.8 lakh from Rs 1.6 lakh.
* Tax exemption limit for senior citizens increased to Rs 2.5 lakh from Rs 2.4 lakh
* Eligibile age for senior citizens reduced to 60 years against 65 years
* No new tax exemption limits for women
* Tax exemption limit for ‘very senior’ citizens over 80 years at Rs.5 lakh
* SEZ to come under MAT.
* MAT raised to 18.5% v/s 18%
* Corporate surcharge reduced to 5% from 7.5%
* FY11 Fiscal deficit at 5.1%; F12 at 4.6%
* AC restaurants serving liquor to pay service tax
* Direct Tax Code (DTC) to be effective from April 01, 2012
* Divestment target at Rs.40,000 crore for FY12
* SEBI registered mutual funds permitted to accept subscription from foreign investors
* FII limit for investment in corporate bonds in infrastructure sector raised from US$20 bln to US$40bln
* SIDBI to create India Microfinance Equity Fund of Rs. 100 crore
* Special incentives for hybrid vehicle makers if Made in India
* Health Check-Ups in Private hospitals to become expensive
* Rs 52,057 cr for education sector
* Rs 58,000 cr to Bharat Nirman projects
* Social projects spending outlay up 17%
* 24% increase in educational allocations
* Rs 30K crore tax free bonds for railways, NHAI
* To tax life insurance service providers
* Servcie tax on hotel accommodation above Rs 1,000 per day
* Domestic travel to pay Rs 50 service tax, Rs 250 on international travel
* AC hospitals with more than 25 beds under service tax
* Import duty on gypsum and coal from 5% to 2.5%
* Fertiliser sector to get infrastructure status
* 7 Mega clusters for leather products to be set up
* Rs.200 crore for cleaning of rivers
* 7 Mega clusters for leather products to be set up
* 23.3% increase in allocation for infrastructure