Archive for February, 2008

Sobha Developers

Sobha Developers
CMP: Rs 811.85
Target price: Rs 1,172
Morgan Stanley has maintained its ‘overweight’ rating on Sobha Developers, saying it was best placed to ride the buoyant trend in the property market.
“We view Sobha’s competitive positioning favourably, given the company’s strong management […]

M&M Finance

M&M Finance
CMP: Rs 310
Target price: NA
Prabhudas Lilladher has assigned an ‘outperformer’ rating to M&M Finance, and has forecast an earnings per share of Rs 15.3 for the current financial year and Rs 20.2 for next year. “M&M Finance currently has a loan book of […]

Oscar Awards 2008: List of winners

The complete list of winners at the 80th annual Academy Awards, presented Sunday night at the Kodak Theatre in Los Angeles:Best Motion Picture: No Country for Old Men.
Lead Actor: Daniel Day-Lewis, There Will Be Blood.
Lead Actress: Marion Cotillard, La Vie en Rose.
Supporting Actor: Javier Bardem, No Country for Old Men.
Supporting Actress: Tilda Swinton, Michael Clayton.
Director: […]

Is it profitable to take fresh positions in Reliance Power ?

The board of Reliance Power is due to meet this Sunday to discuss the bonus share issue.
The discussion will revolve around two things. One is the bonus ratio and second is the fair price, the current market price of the stock which is fairly valued as the stock is going to ultimately correct to that […]

Cashing in on pollution

(Fortune) — When General Motors closed down a manufacturing plant in Boisbrand, Quebec, a private investment company called Cherokee Investment Partners bought the tainted industrial site.
After Burlington Mills shuttered a textile factory in Mooresville, N.C., Cherokee acquired the property even though it was contaminated by asbestos and toxic chemicals known as PCBs.
And just across the […]

BSE to pick up 26% stake in NMCE

The Bombay Stock Exchange plans to pick up 26% stake in Ahmedabad-based National Multi-Commodity Exchange of India Ltd (NMCE), an announcement of the formalisation of the tie-up is expected here tomorrow.
In June 2007, the Bombay Stock Exchange had approached the Forward Markets Commission (FMC), the commodities market watchdog, for buying 26% stake in NMCE. The […]

Reliance Power announces 3:5 bonus ratio

Anil Ambani Group company Reliance Power will give free bonus shares in the ratio of 3:5 to all its shareholders to compensate the losses they suffered when the company was listed a fortnight ago.
Reliance Power today announced a bonus isse in the ratio of 3:5., i.e three free shares for every five shares held by […]

GSS America fixes issue price at Rs 400

GSS America fixes issue price at Rs 400

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