Angel Broking has recommended buy rating on Tech Mahindra with a price target of Rs 1222 in its January 24, 2008 report. “During 3QFY2008, Tech Mahindra recorded a strong 8.1% qoq growth in its consolidated Topline. On a standalone basis, the growth stood at 6.1% qoq. Going ahead, we expect Tech Mahindra to record a […]
KNR Constructions IPO subscribed 0.29 times
Allotment is going to be easy , But the listing Price is going to be down.
IPO of OnMobile Global (OGL), the largest telecommunications value added services provider in India, received 2.58 times subscription on day two. The company received nearly 28.15 million bids as against issue size of 10.90 million shares
Lets see the over Subscription details to know about allotment and alocation details of this IPO
Close on the heels of the Aircel mega deal, Wipro Infotech has bagged another one. The company has won a five-year, $100-million contract from Saudi Arabian Airlines, its first large deal from the Middle-East.
Wipro Infotech had announced recently another mega deal from telecom operator Aircel, estimated at $450-600 million. The Saudi Arabian […]
Tulsi Extrusions Ltd plans to raise up to Rs 48.5 crore through an initial public offering of shares, starting on February 1, it said on Monday.
The maker of PVC pipes based in Jalgaon, Maharashtra, has set a price band of Rs 80-85 a share, and plans to sell 5.7 million shares, it said in a […]
Larsen & Toubro Ltd (L&T) has announced the following unaudited results for the quarter ended December 31, 2007:
The company has posted a profit after tax of Rs 481.79 crore for the quarter ended December 31, 2007 as compared with Rs 343.9 crore for the quarter ended December 31, 2006.
Total income has increased from Rs 4224.49 […]
HDFC Bank
Research: Edelweiss
Rating: Buy
CMP: Rs 1,601
Edelweiss maintains ‘buy’ rating on HDFC Bank. The bank’s Q3 FY08 profit was up 45% y-o-y, ahead of consensus estimates. Net interest income (NII) grew 55% y-o-y to Rs 1,430 crore. The bank’s business momentum increased […]
Bank of India
Research: Morgan Stanley
Rating: Overweight
CMP: Rs 395
Morgan Stanley reiterates ‘overweight’ rating on Bank of India (BoI) with a target price of Rs 525. BoI reported Q3 FY08 earnings of Rs 510 crore, up 101% y-o-y and 20% on a sequential […]
Indiabulls Fin Services
Research: Motilal Oswal
Rating: Buy
CMP: Rs 779
Motial Oswal reiterates its ‘buy’ rating on Indiabulls Financial Services with a revised target price of Rs 1,086. In its first quarter post-demerger, Indiabulls reported 270% y-o-y and 57% q-o-q growth in loan book […]
Bharti Airtel
Research: HSBC
Rating: Buy
CMP: Rs 915
Bharti Airtel is one of HSBC’s preferred picks in the telecom sector because it believes the stock offers low risk exposure to the domestic wireless sector at attractive valuations. Bharti Airtel, with low operating and financial […]
