CONSUMER DISCRETIONARY

asian granito, arvind, educomp, cchhl, atul auto, lumax auto, jagran prakashan, indian hotel, ganesh housing, frl, fiem ind, eih, ucal fuel, ttk prestige, trent, taj gvk hotel. swaraj engine, sun tv network, steel strips wheel, pricol, mandhana, ajmera

STAR APPROVED

atul auto, biocon, balarampur chini, balarpur ind, frl, excel crop, eih hotel, eid parry, deepak fertilizer, dcm sriram, jagan prakashan, kalyani steel, jsw steel, jet airways, jai corp, indian hotel, idbi bank, hindustan zinc, hikal, hcl infosys, gujarat narmada, fsl, nectar life. rcom, sun tv, ttk prestige, trf, trent , torrent power , texinfra, techno craft, swaraj engine, supreme ind, sudarshan chemical, srei infra, sasken communication, rpower, renuka sugar, radico khaitan , power grid, orient paper, ntpc, nrb bearing, nhpc, nesco, mphasis, maha tele, kpit , arvind.

VALUE PICK

alphageo, asahi song, anil ltd, atol auto, asm technolo, asian granito, asapurna minechem, jagatjit ind, hikal, dhampur sugar, butterfly gandhimathi, biocon, bhagwati auto,banaras bead, bajajhind, avantel ltd, sasken comm, sangal paper, sacheta metal, rungta irrig, rj biotech, rishi laser, renuka sugar, rajsh sugar, pcs tech, nitta gelatin, moldteck packaging, lumax auto tech, lotus choc, kopran, kirlosar sn, jayshre tea, vikram therm, vijay santhi gear, tokyo plast, thiru arun sugar, aksh optifibre,

WATCHLIST

STOCKS IN MY RADAR BELOW
SE POWER, SUJANA UNIVERSAL, SUPREME INDUSTRIES

Thomas Cook news

Thomas Cook’s proposal to renounce shares in the rights issue by subsidiary Quess Corp is a loss to the travel operator’s shareholders, said proxy advisory firm SES. Quess is coming up with a rights issue of 25 lakh shares that Thomas Cook has proposed to renounce in favour of Quess Corp’s founder promoter Ajit Isaac at par.

The company has not disclosed the consideration of renouncing shares in favour of Isaac. If the renouncement is done without consideration, Thomas Cook could lose anywhere between `150 crore and `500 crore approximately depending on the fair value of shares of Quess, said SES

An email query to Thomas Cook on the matter went unanswered. Thomas Cook has plans to raise `700 crore via Quess Corp’s IPO and is considering a 25% dilution; the share price could be more than `586, SES said. “Shareholders of Thomas Cook may lose in a huge manner if Thomas Cook lets go of the rights issue,” said JN Gupta, MD, SES. –from ET

Source: http://alphaideas.in/