Gammon Infrastructure Projects Limited IPO Information

Gammon Infrastructure Projects Limited IPO Information

Open - 10 March
Close - 13 March
Issue Type -100% Book Building Issue
Issue Size - 16,550,000 Equity Shares of Rs. 10/-
Issue Price - Rs 167/- to Rs 200/- Per Equity Share
Maximum Subscription Amount for Retail Investor: Rs 100,000/-
Listing - BSE, NSE
Lead Manager - Sski Corporate Finance Private Limited & Macquarie India Advisory Services Private Limited
Registrar - Intime Spectrum Registry Ltd
Phone - 0-22-2596 0320
Email - gipl.ipo@intimespectrum.com
Website - www.intimespectrum.com

Sita Shree Food Products Limited IPO Information

Sita Shree Food Products Limited IPO Information

»» Public Issue Open: March 10, 2008 to March 14, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: [ ] Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 27/- to Rs 30/-
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager: Keynote Corporate Services Ltd
»» Registrar: Ankit Consultancy Pvt Ltd (Ph: +91-731-2491298 Email: ankitind@sancharnet.in)

Stay invested for long-term

SHORT-TERM CAPITAL GAINS TAX

 

The move is aimed at addressing the issue of market volatility.

Day traders and aggressive investors, beware. An otherwise moderate Union Budget 2008-09 has decided to come down heavily on this class. With the hike in the short-term capital gains (STCG) tax, from the erstwhile 10 per cent to 15 per cent, the finance minister has attempted to curb speculation-oriented trading by individual investors.

This move has been induced by the roller-coaster ride taken by the bourses throughout the last year, and especially in the initial public offering space, where the Reliance Power IPO made a debacle.

The assumption here is that a hike in STCG would encourage small investors to hold on to their investments for a longer time and curbing volatility.

Ravi Sharma, chief executive officer of Birla Sun Life Distribution, says, ?It is a common notion that many investors made hay through short-term investments, thus adding to the volatility. But in the longer run, it would not deter the investor, because earlier he entered the bourses with a threshold exit price of over say, Rs 110 on an investment of Rs 100, while now that threshold will stand at Rs 115.?

Further, this hike in STCG will affect the small investor only marginally because of the sheer quantum of their trades. Institutional investors, arbitrage desks of large banks and large individual investors will be the one taking the hit.

Besides, with the prevailing state of the markets, there are not many investors who enter with a short-term view,? adds Sharma.

Arpit Agarwal, managing director, Dawnay Day AV Securities, giving a different insight says, ?The proportion of cash transactions in the total turnover of the markets is hardly 15 per cent, while the larger chunk of action lies on the futures & options side. Besides, earlier too, investors paid STCG at 20 per cent, which was brought down to 10 per cent last year. So a 50 per cent hike in this tax is soon likely to be forgotten.?

Tips of the day 3-Mar- 2008

Opening bell Package:-

 

Buy UNIPHOS tgt 341-346 sl 325.(Stop Loss)

Buy HINDALCO above 205 sl 201.50 tgt 209-212.(Buying not Initiated)

Delivery - Buy and Hold SHREYAS for one week.(Open at 103)

All in One Package:-

Time:- 9:30

Buy HINDALCO around 205 sl 201.50 tgt 209-212.(Buying not Initiated)

Time:-  11:03

Cash Intraday:- Sell BHEL at 2175 sl 2190 trgt 2155-40.(Target Achieved)

Time:- 11:43

Buy RELCAPITAL at1701-1703 SL 1679 T 1738-52. (Stop Loss)

Time:- 12:58

Buy NIFTY FUT at 5002 sl 5020(Spot) trgt 5030-40.(Made high 5025 after given than sl hit)

World Indices 03-03-2008

Exchange	Last Trade (%Chg)	Change
BSE Sensex	16678(-5.1%)	-901
N’daq Fut		-1
DOW Fut		-16
Nikkei 225	12992(-4.5%)	-611
Hang Seng	23585(-3.1%)	-747
Shanghai Composite	4438(2.1%)	+90
Straits Times	2927(-3.3%)	-100
Taiwan Weighted	8263(-1.8%)	-150
Seoul Composite	1672(-2.3%)	-40
DAX	6648(-1.5%)	-100
FTSE 100	5804(-1.4%)	-80
CAC 40	4719(-1.5%)	-71