SUGAL & DAMANI SHARE & STOCK BROKERS (P) LTD.
NEWSLETTER
(7 July 08 – 20 July 08)
Market
Review: Market remained weak on weekly
basis with Sensex down by 2.5% and Nifty by 3%. The market has remained highly
volatile for the whole week with Nifty moving in the range of 100points on
daily basis. Amongst sectoral indices:
- BSE
Metal Index fell 9%, wherein Tata Steel, SAIL were down nearly 11.5%.
- Cement
stocks have lost ground; ACC was down 18%, Grasim -13% and Ambuja Cem
-7.5%.
- In
the realty space, Unitech slid 9.5% and DLF down 2.5%.
- BSE
Auto Index down 7%: Maruti down 14%, Tata Mot down 9.5%, M&M down 7%.
- BSE
Cap Goods up 2.5%: BHEL up 8.5%, L&T up 5.5%, Siemens up 3.5%.
- Midcap
Losers: Adlabs down 20%, Nag Fert down 17.5%, Guj NRE down 16.5%, Arvind down
16.5%, IFCI down 14%, Lanco Infra down 12.5%.
- Midcap
Gainers: Orchid Chem up 12%, Shree Renuka up 7%, Praj Ind up 5.5%.
Inflation
for the week ended June 21 has inched up to 11.63% as against 11.42% in earlier
week.
Crude Oil Price continuously soaring up for
the week and touch a high of $145.85 on Thursday in NYSE just on the day,
European Central Bank increases the key rate by 25bps to 4.25%. The main reason
for the crude prices moving up is the depreciation of dollar against the major
currencies as people usually buy oil, precious metal and other commodities
against a depreciating dollar and also the continuous increase in the demand by
the developing countries like China and India.
|
Indian Indices
|
4-July-08
|
Change
|
Weekly Change
|
|
BSE Sensex
|
13454.00
|
+359.89
|
-348.22
|
|
Nifty
|
4016.00
|
+90.25
|
-120.65
|
|
World Indices
|
|
|
|
|
Dow Jones
|
11288.54
|
Closed
|
-57.97
|
|
FTSE
|
5412.80
|
-63.80
|
-117.10
|
|
Nikkei
|
13237.89
|
-27.51
|
-306.47
|
|
Hang Seng
|
21423.82
|
+181.04
|
-618.53
|
LIC HOUSING FINANCE LTD
BSE CodeÂ
                     -       500253
NSE CodeÂ
                     -       LICHSGFIN
Face
Value                     -       Rs. 10
Book
Value                     -       Rs. 215.51
EPSÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
        -       Rs.
43.87
P /
EÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â -Â Â Â Â Â Â Â 5.74
CMPÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
       -       Rs.
262.70
Market
Cap                   -       Rs. 2232.69 cr.
Promoters
Stake            -       40.84%
Institutional
holding         -       40.20%
52 week
High / Low       -       Rs. 402.9 / 174.5
LIC Housing Finance (LICHSGFIN)
incorporated in 1989 and promoted by LIC, is provider of housing loans to
individuals, builders and development authorities. The company also lends to
corporate bodies and companies under different schemes for
purchase/construction of office premises for their own use. The company has
also started various schemes for NRIs.
The Company possesses one of the industry's
most extensive marketing network in India with 6 Regional Offices, 14 Back
Offices and 126 marketing units across India backed by chain of camp offices.
In addition the company has appointed over 934 Direct Sales Agents (DSAs), 4865
Home Loan Agents (HLAs) and 485 Customer Relationship Associates (CRAs) to
extend its marketing reach.
The company has floated a 100% subsidiary
LICHF Care Homes to conduct the business of providing Assisted Living Community
Centers for senior citizens. The company is also in the process of identifying
land to set up dwelling units for senior citizens in places such as Kerala,
Orissa and West Bengal.
The Company will open a new office in Singapore, as part of
its overseas expansion. The Company is already having offices in Kuwait and Dubai to cater to
the NRI’s in the Middle East. The Company is also going to launch a new
venture capital funds for realty projects. The size of the fund, which is awaiting regulator
approval, is likely to be Rs 3-3.5 billion. LICHF’s new realty fund is expected
to invest in residential projects.
FINANCIAL INFORMATION:
(Rs. in crores)
|
Particulars
|
March
04
|
March
05
|
March
06
|
March
07
|
March
08
|
|
Net
Sales & Other Income
|
1054.23
|
1070.06
|
1290.73
|
1597.15
|
2213.29
|
|
Expenses
|
225.48
|
180.37
|
164.73
|
131.66
|
183.04
|
|
PBDIT
|
828.75
|
889.69
|
1126
|
1465.49
|
2030.25
|
|
Depreciation
|
2.71
|
3.3
|
4.47
|
3.82
|
3.69
|
|
PBIT
|
826.04
|
886.39
|
1121.53
|
1461.67
|
2026.56
|
|
Interest
|
637.8
|
682.08
|
859.79
|
1107.88
|
1494.26
|
|
PBT
|
188.24
|
204.31
|
261.74
|
353.79
|
532.3
|
|
Tax
|
20.77
|
60.59
|
53.17
|
74.64
|
145.11
|
|
PAT
|
167.47
|
143.72
|
208.57
|
279.15
|
387.19
|
|
Dividend
(%)
|
50
|
50
|
60
|
80
|
100
|
|
|
|
|
|
|
|
|
Equity
|
75
|
85
|
85
|
85
|
85
|
|
Reserves
& Surplus
|
886.33
|
1110.05
|
1260.51
|
1458.84
|
1746.66
|
|
Net
worth
|
961.33
|
1195.05
|
1345.51
|
1543.84
|
1831.66
|
|
Debt
|
9177.75
|
11047.84
|
13780.41
|
16332.59
|
20344.42
|
|
Capital
Employed
|
10139.08
|
12242.89
|
15125.92
|
17876.43
|
22176.08
|
|
Fixed
Assets
|
24.37
|
25.28
|
24.47
|
23.6
|
30
|
|
Investments
|
134.41
|
76.13
|
314.14
|
206.12
|
774.56
|
|
CA,
Loans & Advances
|
10361.92
|
12648.56
|
15561.33
|
18556.25
|
22552.4
|
|
CL and
Provisions
|
381.62
|
|
