Few Stocks in News

SHIVALIK GLOBAL: (NSE/BSE: 532730 Rs.38.25): This textile scrip has now become a land play. It touched a high of Rs.87.50 on March 06 to fall badly to Rs.28 and now on an upswing with the recent announcement of the co.

Shivalik Global Ltd has informed BSE that 4 Acres of Land has been allotted to the Company by HUDA in sector 58, Faridabad, Haryana and the possession of same has already been taken by the Company. The above land will be used for re-location of the Company's Plant presently situated at 12/6, Mile Stones, Sarai Khawaza, Faridabad, Haryana. The existing land admeasuring 23504 sq. yards will become surplus and will be available for development on commercial basis, for which the Company would initiate suitable steps shortly. The Co has placed an advertisement to this effect on Friday’s Business Standard.

The 4.856 acre Faridabad land could then be commercially developed and an estimated area of 4.5 to 4.75 lakh square feet of commercial space can be constructed for malls / commercial complexes. A mall situated opposite the Faridabad factory called Crown Interiorz is currently selling space at Rs.12000 per sq. ft. If one assumes a conservative rate of Rs.8000 per sq. ft. for the company's area, then Shivalik could make a gross revenue of Rs.360 to Rs.380 crores post development and net revenues could then conservatively pegged at Rs.150 to Rs.175 crores, which alone is more than the current market capitalisation of the stock. This is a big wind fall for this co.

High lights of this week: Term lending institution IFCI surged 6.74% to Rs 30.90, on huge volumes of 4.58 crore shares, after appointing Ernst & Young as an advisor for the induction of a strategic investor in the company. Meanwhile, the National Stock Exchange (NSE) today barred market participants from taking fresh position in the futures & options segment of IFCI, as open interest in the stock had reached the permissible limit. News paper reports also suggest that Barclays Bank will be roped in as the strategic investor and that will change the fortune of this co. That makes the share at Rs.30.90 under priced.

Ratings agency CRISIL hit the 5% upper circuit at Rs 2,490.30, after market regulator, SEBI on 22 March 2007 approved a proposal making IPO grading mandatory. Companies coming out with IPOs will have to get their issue graded by one of the three rating agencies CRISIL, ICRA or CARE. The Sebi decision of mandatory grading of IPOs will help boost revenue of ratings agencies, given the prevailing strong primary market conditions.

Bf .Utilities: The Largest land bank in India?

BF UTILITY 20000 acre ANSAL PROP 5500 DLF 10225 MAHINDRA GESCO 3600 PANISULA 330 PRAJAY ENGG 650 SOBHA DEV 2593 UNITECH 10765 The source is CLSA Asia pacific The article heading is "Housing Interrupted" on page number 68 on Outlook business dated March 05,2007.

OSCAR INVESTMENT: (BSE: 501179) :This Ranbaxy investment co having huge land in Delhi and almost one cr. shares of Ranbaxy has declined for no reason from Rs.590 to Rs.178. For the first time on Friday it hit the 5% upper circuit at Rs.187. Those who have taken this share earlier an make an average at the current price as it may run up again as it happened earlier

SILVERLINE TECHNOLOGIES: (NSE/BSE: 500389 Rs.18) : After touching a high of Rs.22 it fell back to Rs.12 and now once again on an ascent as the promoters of the co and a foreign investor will be offered Rs.100 Cr worth shares at a price of Rs.25 per share .Hence chances are bright that the share will rise to the levels of Rs 22 – 23 from here. Keep a watch Rs 16 – 17 levels should be watched.