Update 2
Gateway Distriparks surges on hopes of bagging CFS contract
Gateway Distriparks jumped nearly 5% to Rs 194.65 on reports it has emerged as the top bidder for securing a 15-year operations and management contract of a Punjab government owned container freight station (CFS).The scrip rose on high early volume of 7.6 lakh shares on BSE.
The Punjab government owned container freight station (CFS) is situated close to Jawaharal Nehru Port Thrust (JNPT) near Navi Mumbai. It is a 27.5 acre facility with a handling capacity of 1,50,000 twenty foot equivalent units. If Gateway Distriparks (GDL) is able to get this container freight station (CFS) contract, it will give a logistics advance to the company given that Gateway operates one of the largest CFSs at JNPT. The other bidders for the CFS contract are Apollo Tyres’ logistics arm, Adani Enterprises and Welspun. The results of bids are expected to be announced in next two weeks.
Gateway Distriparks scrip had spurted in late November 2006 after it announced acquisition of 50.1% stake in Snowman Frozen Foods, a cold chain, for Rs 48.12 crore. From Rs 163.15 on 20 November, the stock had surged to Rs 191 on 23 November. It had eased to Rs 185.70 by 5 December.
Snowman Frozen Foods is well-known for transporting and stocking ice-creams, fruits, vegetables, and seafood, especially for Hindustan Lever and Amalgam group. Snowman’s integrated logistics management comprises the entire spectrum of the supply chain; from procurement to storage and retail distribution. It has pioneered the frozen part cargo service.
For Q2 September 2006, GDL’s consolidated profit after tax rose 8% to Rs 21.10 crore, on 6% growth in net sales to Rs 38.17 crore.GDL which is mainly into container handling, is seen benefitting from an expected strong growth in container traffic in India. GDL started running container trains in collaboration with CONCOR in May 2006.
Takeover buzz lifts Shalimar Paints
Shalimar Paints surged 8% to Rs 232 on media reports that there are rumours of promoters scouting buyers for the company and a deal may be announced shortly.But the scrip had pared gains after it had risen as much as 13.2% to a high of Rs 242 at 11:58 IST. 15,433 shares changed hands in the counter on BSE.
The company belongs to the Delhi-based O P Jindal group. Total promoters holding in the company was 62.3% as on 30 September 2006. The company has a tiny equity base of Rs 3.79 crore.The stock has witnessed a solid surge since late November 2006. From Rs 150 on 24 November, the stock had risen a staggering 54.6% to current Rs 232.The scrip is thinly traded one. The average daily volume in the stock on BSE in the past one year was 5,959 shares.
Shalimar Paints makes both decorative paints and industrial paints. The company is also into the marine coatings segment. It also makes road marking paints.
The company has embarked on a project to expand capacities at its existing paint units in Secunderabad, and Nasik. It has also entered into talks with a few large international players for entering into technical tie-ups with them for manufacturing a few new ranges of paints.Some time back, the company entered into a technical collaboration agreement for coil coating with Korea-based Kunsul Chemical Industries. This has enabled Shalimar Paints to enter into the coil coating segment.
For Q2 September 2006, Shalimar Paints’ net profit rose 18.6% to Rs 0.70 core, on 19% growth in sales to Rs 58.58 crore.
Gateway Distriparks jumped nearly 5% to Rs 194.65 on reports it has emerged as the top bidder for securing a 15-year operations and management contract of a Punjab government owned container freight station (CFS).The scrip rose on high early volume of 7.6 lakh shares on BSE.
The Punjab government owned container freight station (CFS) is situated close to Jawaharal Nehru Port Thrust (JNPT) near Navi Mumbai. It is a 27.5 acre facility with a handling capacity of 1,50,000 twenty foot equivalent units. If Gateway Distriparks (GDL) is able to get this container freight station (CFS) contract, it will give a logistics advance to the company given that Gateway operates one of the largest CFSs at JNPT. The other bidders for the CFS contract are Apollo Tyres’ logistics arm, Adani Enterprises and Welspun. The results of bids are expected to be announced in next two weeks.
Gateway Distriparks scrip had spurted in late November 2006 after it announced acquisition of 50.1% stake in Snowman Frozen Foods, a cold chain, for Rs 48.12 crore. From Rs 163.15 on 20 November, the stock had surged to Rs 191 on 23 November. It had eased to Rs 185.70 by 5 December.
Snowman Frozen Foods is well-known for transporting and stocking ice-creams, fruits, vegetables, and seafood, especially for Hindustan Lever and Amalgam group. Snowman’s integrated logistics management comprises the entire spectrum of the supply chain; from procurement to storage and retail distribution. It has pioneered the frozen part cargo service.
For Q2 September 2006, GDL’s consolidated profit after tax rose 8% to Rs 21.10 crore, on 6% growth in net sales to Rs 38.17 crore.GDL which is mainly into container handling, is seen benefitting from an expected strong growth in container traffic in India. GDL started running container trains in collaboration with CONCOR in May 2006.
Takeover buzz lifts Shalimar Paints
Shalimar Paints surged 8% to Rs 232 on media reports that there are rumours of promoters scouting buyers for the company and a deal may be announced shortly.But the scrip had pared gains after it had risen as much as 13.2% to a high of Rs 242 at 11:58 IST. 15,433 shares changed hands in the counter on BSE.
The company belongs to the Delhi-based O P Jindal group. Total promoters holding in the company was 62.3% as on 30 September 2006. The company has a tiny equity base of Rs 3.79 crore.The stock has witnessed a solid surge since late November 2006. From Rs 150 on 24 November, the stock had risen a staggering 54.6% to current Rs 232.The scrip is thinly traded one. The average daily volume in the stock on BSE in the past one year was 5,959 shares.
Shalimar Paints makes both decorative paints and industrial paints. The company is also into the marine coatings segment. It also makes road marking paints.
The company has embarked on a project to expand capacities at its existing paint units in Secunderabad, and Nasik. It has also entered into talks with a few large international players for entering into technical tie-ups with them for manufacturing a few new ranges of paints.Some time back, the company entered into a technical collaboration agreement for coil coating with Korea-based Kunsul Chemical Industries. This has enabled Shalimar Paints to enter into the coil coating segment.
For Q2 September 2006, Shalimar Paints’ net profit rose 18.6% to Rs 0.70 core, on 19% growth in sales to Rs 58.58 crore.
posted by SY at 6:07 PM
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