Abhishek Securities

The Telecom Commission has cleared state-run Telecommunication Consultants of India's plan to exit Bharti Hexacom, a subsidiary of Sunil Mittal-founded Bharti AirtelBSE 8.66 %, to raise cash to meet its capital expenditure needs. A board member of Telecommunication Consultants (TCIL) said the company will shortly appoint an independent advisor to recommend a reserve price for its 30 per cent stake in Bharti Hexacom. "If the new reserve price is cleared by Telecom Commission, the advisor will invite bids later this year from potential buyers of TCIL's 30 per cent holding in Hexacom," the board member told ET on condition of anonymity. Bharti Airtel, which has the first right of refusal, did not reply to ET's query on whether it is open to buying out TCIL's 30 per cent stake. Two years ago, consultant Deloitte had set a Rs 1,800-crore base price for TCIL's 30 per cent stake, which the then cabinet secretary KM Chandrasekhar had dismissed "as too ...

C ountry's largest telecom operator Bharti Airtel   gained more than 3 percent on Tuesday after its subsidiary Bharti Airtel International (Netherlands) BV raised USD 500 million notes (additional notes). The company says it is in addition to the recently concluded transaction of USD 1,000 million 5.125 percent fixed rate senior unsecured guaranteed notes due 2023. Additional notes issued at a premium and priced at 100.625 percent to yield 5.044 percent will be consolidated and formed in a single series along with the USD 1,000 million 5.125 percent guaranteed senior notes issued on March 11, 2013. This is the largest ever telecom transaction out of Asia ex-Japan. "High participation by fund managers for an Indian Issuance and real money investor participation of 77% demonstrates the superior quality of the order book and the confidence the global investors have in the fundamentals and credit of the company," Harjeet Kohli, group treasurer of Bharti...

The Department of Telecommunications (DoT) has slapped a penalty of R s. 350 crore on Bharti Airtel for not stopping third-generation (3G) mobile data services through roaming pacts outside its licensed zones in seven circles. It has also asked the telco to stop 3G roaming services outside its licensed zones immediately. The DoT, in a notice, has also asked Bharti to file a compliance report within three days. Last year, the DoT sent show-cause notices to Airtel, Vodafone and Idea Cellular among others, asking them to stop providing 3G mobile data services through roaming pacts outside their licensed zones as it deemed the pacts "illegal". The government sold 3G airwaves in an auction in 2010 that attracted much higher bids than expected, and no single company managed to get spectrum for all of the country's 22 zones. The government passed an order, asking telecom companies to stop offering 3G services beyond their licensed circles or zones under m...

Shares of country's largest telecom operator Bharti Airtel   gained 1 percent on Friday morning as the foreign research house Credit Suisse keep an outperform rating on the stock with a target price of Rs 385. Credit Suisse expects the company's revenue per minute to surprise on the upside led by continued tariff hikes. India's top mobile phone carrier had raised voice call prices to account for rising costs in January 2013. The company had said in a statement it did not increase headline tariffs but reduced promotional benefits and free minutes offered to customers, adding that the price change was in line with the increase in its costs. Other positive news - According to Reuters, Bharti Airtel is looking to sell up to a quarter of its satellite TV services arm and is in talks with several potential suitors, two sources with direct knowledge of the situation said. India's top telecommunications carrier is looking at a valuation of little ove...

India’s largest telecom service s provider, said on Monday it will soon offer voice services to its 4G customers in Pune, giving subscribers in the city access to both voice and data on their 4G-enabled handsets. The company had introduced its fourth generation or 4G services last April with operations in Bangalore, Kolkata and Pune but offered only 4G data services in these three circles. With this, Bharti Airtel will become the first telco to offer 4G data and voice services, analysts say. Last week, India’s Telecom Commission allowed firms with broadband wireless access spectrum or 4G licenses to offer voice services. “We have the advantage of a pan-India GSM (Global System for Mobile Communications) and 3G networks. With the deployment of cutting edge CSFB (Circuit Switched FallBack) functionality, we will have the flexibility of using either or both the networks to support voice services on our TD-LTE (time division long-term evolution) standard platform,” sai...

Unlisted Shares & Securities : Updated as on 16th FEB 2013 We are buyers & sellers of under noted stocks.* COMPANY NAME : OUR  BUY PRICE OUR  SELL PRICE ANANDAM RUBBER   25 Aricent Tech 40 65 ABCL 24 32 ATLAS COPCO 1500   Axles India 18 35 Associated Pigment 15 55 Aspin Wall 100 150 Arch Pharma 225 290 Alembic Glass (Shreno Ltd)   EX BONUS 2:1 NOV'2012 700 950 A V Thomas & Co 1400 2400 Avery India 60 110 Anup Engg 255 650 Abacus Computer 3   ACE DERIVATIVES AND COMMD. EXCHN 10   Ahmedabad S E 30 40 Bharti Teletech Ex Payout   325 BINANI METALS 3000   BINANI CEMENTS 55 95 Bharati Telecom 3200 3700 Bausch & Lomb (Rayban Optics) 50 95 Bennet & Colman Ex Bonus 8:1 2000   Bharat Hotel 125 140 Bharat Nidhi 11000 13500 Bosch Chasis 300 550 Bse 280 320 Baroda Power 10000 30000 Bangalore S E 10 13.5 Camac Commercial (Phy) 4750   Catholic Syrian Bank 150 185 Cadbury 1700 2000 Carrier...

COMPANY NAME : OUR  BUY PRICE OUR  SELL PRICE ANANDAM RUBBER   35 Aricent Tech 45 70 ABCL 24 32 ATLAS COPCO 1500   Axles India 18 35 Associated Pigment 15 55 Aspin Wall 100 150 Arch Pharma 250 300 Alembic Glass (Shreno Ltd)   EX BONUS 2:1 NOV'2012 700 950 A V Thomas & Co 1400 2400 Avery India 60 110 Anup Engg 255 650 Abacus Computer 3   ACE DERIVATIVES AND COMMD. EXCHN 10   Ahmedabad S E 30 40 Bharti Teletech Ex Payout   325 BINANI METALS 3000   BINANI CEMENTS 55 95 Bharati Telecom 3300 3700 Bausch & Lomb (Rayban Optics) 50 95 Bennet & Colman Ex Bonus 8:1 2000   Bharat Hotel 115 140 Bharat Nidhi 12500 14000 Bosch Chasis 300 550 Bse 300 330 Baroda Power 10000 30000 Bangalore S E 10 13.5 Camac Commercial (Phy) 4750   Catholic Syrian Bank 140 175 Cadbury 1700 2000 Carrier Aircon 50 90 Chemundrum Ispat     Calcutta Stock Exchange 1200 2000 Cochin Int. Airport 105 175 Cross Cou...

Advice : According to our analysis a few companies in the unlisted sector are potential goldmines over the next 1-3 years. These are available at a fraction of their justified price .These are >Bharti Telecom : is the holder of 45.3% stake in Bharti Airtel . The script has an intrinsic value of about 30,000 rs per share and is available at a mere price of 4000 rs/share !! >Eastern Investments : It holds just over 51% stake in OMDC . A company which has got 200 million ton reserves of iron ore valued at 1 lac crore rupees . >Guj Nre Minerals : It is a gujrat based company with huge coking coal mines in australia and is exploring oil in Cambay Basin over an area of 10,000 sqkm . >Ratnakar Bank : A   75 year old bank ,which underwent a change in management 3 years ago and is now expanding rapidly .Indian and international institution likes of HDFC Bank   , IFCI   ,FII and several mutual funds have taken signinaficant stakes in Ratnakar bank . A...