Era Infra gets order from Airport Authority for Rs 314.6 crore

BSE Code - 530323
Face Value - Rs 2.00
Group - BSE 'B'
Shareholding pattern -(a)Promoters - 58.39%
                                  (b)Institutions - 8.46%
                                  (c)Non-Institutions - 33.15%
One year High-Low - Rs 153.50 - Rs 12.20

     Era Infra Engineering, incorporated in September 1990, is the flagship company of the Era Group. The company is a growing construction company with a pan-India presence and has experience in various kinds of construction projects such as power, housing, road, industrial and aviation.

     Era Infra Engineering has bagged order worth Rs 314.61 crore from Airport Authority of India (AAI). The contract is for Construction of New Integrated Terminal Building at VSI Airport, Port Blair.

     Stock is currently trading at Rs 16.55, up by 0.60 points from its previous closing of Rs 15.95 on the BSE.

Stocks in News

MT Educare Limited: 

     The Reserve Bank of India has today notified that the foreign shareholding through Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) in M/s MT Educare Limited has reached the trigger limit. 

SBI: 

     SBI today said it expects 14 to 15 per cent growth in credit off-take during the current financial year even as economic indicators are improving. 

Power Grid Corporation of India: 

     The government-owned company has mopped up close to Rs 4,500 crore in its first bond issue in the current financial year beginning April 1. In the bidding process held on Tuesday, the company has sold bonds with 5-, 10- and 15-year maturities at 9.30%. 

MTNL Ltd: 

     The telecom department (DoT) has for the first time set a cut off date-July 31, 2015-for concluding the much discussed merger of struggling state-run telecom companies, Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd

Gammon Infrastructure Projects Ltd: 

     The Company has informed the stock exchange that its QIP (qualified institutional placement) committee of directors had approved the opening of QIP on September 1. The committee also resolved that the floor price of the issue is Rs. 13.3375 per equity share. 

Hindalco Ltd:

      It has announced to the stock exchanges that shareholders will be considering Rs 6,000 crore NCD issue in the annual general meeting (AGM). This essentially means that they have also put in a proposal to raise the borrowing limit to around Rs 20,000 crore, said media reports. 

Alstom T&D India:

      The company has bagged a contract worth Rs 55 crore for supplying power transformers in Bhutan. The company will supply 13 units of 75 MVA (megavolt ampere), 400 kV (kilovolt) generator transformers etc. 

NMDC: 

     State-run iron ore producer NMDC is in the process of acquiring 3,000 acres in Karnataka for setting up its second steel plant with an annual capacity of 3 million tonnes, at an investment of around Rs 18,000 crore. 

Stocks in News

Tata Motors Ltd: 

     Automobile major Tata Motors has received orders for over 2,700 'urban' buses under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) - II scheme. 

Unitech Ltd: 

     Real estate firm Unitech will sell non-core land parcels to reduce debt by 15-20 per cent and improve cash-flows for faster execution of ongoing projects, company's chairman Ramesh Chandra has said. 

GMR Infrastructure Ltd: 

     Sources with direct knowledge share that leading private equity firm KKR is close to providing structured debt worth Rs 1,000 crores to GMR Infrastructure's promoter entity, GMR Infra Ventures. GMR is expected to infuse this cash as equity funding in the listed company, GMR Infra, a source said. 

ONGC: 

     Pitching for a higher remunerative price for natural gas, state-owned Oil and Natural GasCorp (ONGC) has said it needs $6-7.15 to break-even on gas it plans to produce from its most prolific KG basin block. 

Maruti Suzuki India Ltd:

      Seeking to make a mark in the big car segment, the country's largest car maker Maruti Suzuki India will open bookings of its upcoming mid-sized sedan Ciaz from tomorrow. 

Pre Market

Nifty seen opening higher; may reclaim 8100 levels

     The 50-share Nifty index is expected to open higher on Wednesday following positive trend seen in other Asian markets. Benchmark indices extended gains for the fourth straight session on Tuesday and rallied more than half a percent in the end. 
     At 07:30 a.m., Nifty India stock futures in Singapore were trading 4.50 points lower at 8,130 indicating flat-to-positive opening on the domestic market 
     In the US, markets closed mixed with the S&P 500 holding above 2,000 after rising to another intraday record, as energy companies dropped along with the price of oil and investors fretted whether the European Central Bank would make further monetary policy moves this week.Asian shares were trading higher 
     Brent crude slipped to a 16-month low, falling 2.5 percent to just above USD 100 per barrel while US crude hit a 7-month low. With the dollar index at a 14-month high, a strong dollar and the prospect of slowing oil demand were seen as the key reasons for the fall. Gold too was at its lowest level since mid-July, breaking through key support as the dollar hit a one-year high against the euro.
     the bull run continued on Dalal Street with the rally pushing benchmark indices further into unchartered territory. Nifty managed to conquer the 8100 mark on an intraday basis yesterday and looks all set to make a higher high today. 

GMR Infrastructure shares up over 3 per cent on bourses

BSE Code - 532754
Face Value - Rs 1.00
Group - BSE 'A'
Shareholding pattern - (a)Promoters - 63.99%
                                   (b)Institutions - 27.17%
                                   (c)Non-Institutions - 8.84%
One year High - Low - Rs 38.30 - Rs 13.40
     GMR Infrastructure is a Bangalore headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure sectors. It has successfully employed the public-private partnership model to build a portfolio of high quality assets.

     GMR Infrastructure has signed a Memorandum of Understanding (MoU) with Japan Bank for International Cooperation (JBIC) for providing financial assistance to Japanese companies investing in Infrastructure projects of GMR Group.

     The objective of this MOU is to provide low cost long duration financing for infrastructure development projects that involve Japanese companies in development of industrial parks, power, energy, ports, airports, highways and railway projects.

     Through a framework of this MOU between JBIC and GMR, JBIC intends to promote opportunities for Japanese companies to participate in infrastructure projects. This will serve to improve infrastructure in India and support development of the necessary foundation for Japanese companies' business activities in India. Over the next 12 months, GMR and JBIC will work on identifying projects to attract Japanese investments.

     Current stock price is Rs 26.65, up by 0.90 points from its previous closing of Rs 25.75 on the BSE.

    

Eicher Motors gains 3 per cent on robust sales figures

BSE Code - 505200
Face Value - Rs 10.00
Group - BSE 'A'
Shareholding pattern -(a)Promoters - 55.01%
                                  (b)Institutions - 24.81%
                                  (c)Non-Institutions - 20.18%
One year High-Low - Rs 10620.00 - Rs 3100.20
     Eicher Motors is one of the leading manufacturers of commercial vehicle. It has manufacturing facilities located in Madhya Pradesh, Tamil Nadu, Maharashtra, and Haryana.

     Eicher Motors has reported 66% growth in its total sales to Rs 26,643 as compared to 16,062 in August 2013. Out of total, domestic sales during the month stood at 26,121 units as against 15,708 units in the year- ago period, a surge of 66.29%. Besides, the company’s exports for the month grew by 47.45% to 522 units as against 354 units in the same month a year ago.

     Current stock price is Rs 10224.25, up by 146.25 points from its previous closing of Rs 10078.00 on the BSE.

Punj Lloyd rallies on reports of Medanta Medicity stake sale

BSE Code - 532693
Face Value - Rs 2.00
Group - BSE 'B'
Shareholding pattern - (a)Promoters - 37.16%
                                  (b)Institutions - 14.21%
                                  (c)Non-Institutions - 48.63%
One year High-Low -Rs 60.85 - Rs 20.25
     Punj Lloyd provides engineering, procurement, construction (EPC) and project management services. It provides services to oil and gas, energy, infrastructure petrochemical, telecom broadband and utilities sectors, among others.
     In a bid to cut its debt, Punj Lloyd is reportedly planning to sell its stake in Gurgaon-based multi specialty hospital Medanta Medicity Hospitals. The company will sell half of its 17% shareholding in Global Health, a company which owns, manages and operates the Gurgaon based hospital for around Rs 300 crore.
     Moreover, Singapore’s state investment company - Temasek -- is negotiating with the company to buy its minority stake in super specialty hospital -- Medanta Medicity.
     current stock price is 39.70, up by 1.85 points from its previous closing of Rs 37.85 on the BSE.