Speciality Restaurants has earned a strong position for itself in the gourmet world in last 16 years. It has established several famous brands such as Mainland China, Oh! Calcutta, Sigree, Haka, Machaan, Mostly Kababs, Just Biryani and Sweet Bengal. Now Speciality Restaurants is coming up with an Initial Public Offering (IPO) for it's lovers.

Company runs 62 Food & Beverage outlets in various cities of India. As per their website (http://www.speciality.co.in), Mainland China serves more than 2 lakhs Chinese meals per month. Mainland China and Oh! Calcutta have won major awards on various occasions for being India’s best restaurants in their respective categories. Company employs about 3000 people.

Company is launching its IPO issue of 1,17,39,415 equity shares of face value Rs 10 each on May 16, 2012. This issue will constitute 25% of the post-issue paid-up capital.

Speciality Restaurants is planning to use funds gathered thru IPO for development of new corporate restaurants (with an outlay of Rs 144.685 crore); development of a food plaza (with cost of Rs 15.1 crore); and repayment of a term loan facility (with Rs 10.433 crore). As per DRHP filed with SEBI, company plans to open 48 new corporate restaurants.

Promoters of Speciality Restaurants are Anjan Chatterjee and Suchhanda Chatterjee. They will reduce their shareholding in company to 60.69% post IPO issue. IPO will close on May 18.

Hyderabad Industries - Stock Research

Hyderabad Industries is a C K Birla Group company. It is into the business of producing building products, engineering goods and industrial products and is a market leader in its segments.

HIL markets its product AC and fibre cement sheets under the well-known brand “Charminar”. The total capacity of the cement sheet is 8.55 lakh tpa, prefab building panels at 4.60 lakh tpa, prefabricated autoclaved capacity at 3.05 lakh tpa and thermal insulation capacity is 6,000 tpa.

The commercial production of sheeting line 2 in Uttar Pradesh has started w.e.f. 09 February 2012. HIL is also the largest manufacturer of calcium silicate, insulation blocks, pipe sections and jointing for gasketing, thereby meeting the critical needs of the fertilizer, engineering & chemical industries. Company also makes aerocon prefab panels, autoclaved aerated concrete blocks, which find applications in the construction of buildings, malls, shopping complexes and office partitioning etc.

HIL has a strong & extensive distribution network with nearly 8000 sales points spread across the country which is serviced by its 45 depots across country.

The stock trades at current stock price of Rs.358 at P/E of 4.4 FY12. With expected EPS of 93.5 in FY13E, stock trades at P/E of 3.83 and at P/E of 3.25 with 110 EPS FY14E. With these estimates, stock price target will be Rs. 480 in medium term.

At current stock price of Rs. 358, dividend yield is also very attractive at 4.47%. It's book value is 474 making it a stock available below book value and a good dividend yielding value stock to buy.

Hi Neetu, yes i'm also guessed too

Hi CB, pls take a eye on bajaj finance

hi

Hi MS, not really sure. seems like short covering .if possible hedge with a ce for now

Hi Neetu, as of now these are a hold. fundamentally are good long term bets. don't add more of these yet.

Hi sabir, these are a hold for med/ long term. can look to add bel, axis bank on dips

Hi vishal, can test 48-50 it seems if markets improve

Hi Vipin, has support at 700. can test 725 if markets turn positive

Hi Sup!!, as of now seems may open a bit higher tomorrow. bhel has strong support at 200

Hi CA.Tejas, thanks

Hi nagin mehta, has support at 700. can test 725 if markets turn positive

Hi CB....is there any chance INFY fut will touch 2400+ before May expiry?

hi CB Good evening.............

Europe gives a jolt to all of Asia but is itself in green now...........any chance of markets bouncing back tomorrow?

made good profits on a bad day, thanks to excellent movement of IRB infra....yesterday bought at 105 and sold at 112...today bought at 108 and holding.........how far do you think it will go in the next few days, provided market does not go from bad to worse? 130-140-150? till how much achievable in next 10-15 sessions?

bought tvs motor at 33.70 and manappuram at 23.7 ........what would be next levels for these?