Sharekhan research has maintained buy rating on Madras Cement with target price of Rs 4800 in its December 24, 2004 report. “MCL’s expansion plans will drive its volume growth going ahead. The company plans to increase its capacity by 4MTPA by the end of FY2009. It is also investing in renewable energy and CPPs which [...]
Angel Broking has maintained buy rating on Electrosteel Casting with 12 month target price of Rs 107 in their 14 December 2007. “Electrosteel Castings (ECL) is a complete water infrastructure company providing end-to-end solution in water supply & sewerage application systems. We believe that capacity expansion for DI pipes and backward integration into achieving self-sufficiency [...]
Citigroup Reseach is bullish on Cairn India and has recommended buy rating on the stock in its December 20, 2007 report. “We are adjusting our estimates for Cairn India following the increase in our global oil forecasts to USD 80 per bbl (from USD 70 per bbl) for 2008E, USD 75 per bbl (USD 65 [...]
HDFC Securities has recommended buy rating on NIIT in its December 26, 2007 report. “We have valued NIIT using the PEG ratio of 0.6x on its FY09E earnings, after discounting our base case EPS for INR related risks, increasing concerns of corporates training their employees internally and the Individual IT training business’s dependence on the [...]
Bharti Airtel
CMP:Rs 914.60
Target Price: NA
CLSA has initiated coverage on Bharti with a ‘buy’ rating on the back of expectations that the company would do well as India’s mobile subscriber base is set to grow at 33% CAGR to 383 million by FY10, implying a penetration of 31%.
“Bharti’s subscriber growth is on track to meet our [...]
Aegis on the lookout for buyouts
After making seven acquisitions in the last two years, the $190 million (about Rs 760 crore) Aegis business process outsourcing company is on the prowl again.
The Essar group firm is in talks with 7-10 companies for a “strategic fit”, as it races to become a $500 million company by 2010. [...]
Once considered the hot stock of the Dalal Street, technology stocks now seem to be losing their charm. In the last 12 months, while the BSE Sensex zoomed 39.8%, all top IT stocks be it Infosys, TCS, Wipro or Patni declined by double-digit percentages. Call it the rising rupee, impending taxes or analyst outlook, the [...]
eClerx IPO : eClerx IPO Analysis
eClerx Services, which provides data analytics and customised process solutions to global enterprise clients from its offshore delivery centres in India, is entering the capital market with its initial public offering (IPO) of equity shares of Rs 10 each for cash, at a price to be decided through a 100% [...]
Orchid Chemicals & Pharmaceuticals Ltd
Buy Orchid Chemicals & Pharmaceuticals for 30% upside
Time Frame : 6 Months to 1 Year
Last Traded Price: 250.RS
Market Cap : 1600 Crores
Reasons to Invest :
Orchid launched the first generic of Cefepime (with branded market size of $190 million)
in US market during June 2007 and captured 50% market share as it [...]
Buy Net 4 India Ltd
Last Traded Price : 85.RS
P/E : 20
Market Cap : 175 Crores
Expect 50 -100 % Appreciation in One Year Time.
Bennett Coleman & Company has been issued 5,00,000 shares @ 90.RS
Net 4 India Ltd Profile :
Net4 is the leading pan-India Information and Communication Technology (ICT) Company, with Points [...]
Parsvnath Developers net profit surged by 106% to Rs 100.74 crore for the quarter ended September 2007, (Q2FY08) when compared with Rs 48.93 crore in Q2FY07.
The company’s total income has increased to Rs 407.72 crore from Rs 293.34 crore in Q2FY07.
RIL – Reliance Industries Ltd Annual Report 2006 – 2007The Annual report of Reliance Industries is enclosed.
Reliance Industries_AR0607.pdf
Nusli Wadia’s Bombay Dyeing is hiring some 550 workers at its Pune facility, which will focus on innovative product development as the company plans to boost its presence in retail, home textile and real estate segments.
The textile major said it is open to acquisitions in the home textile segment both at home and abroad.
Its Pune [...]
The company makes a sterling debut on the bourses
The investor euphoria for the power sector was clearly visible with the Power Grid Corporation of India listing on the bourses at Rs 85 as compared with the issue price of Rs 52.
The stock hit an intra-day high of Rs 109 before closing at Rs 100. The [...]
*Buyback boost in Abbott* – *Contributed by Devangi Bhuta*
Abbott India, which has presence in the urology, gastroenterology, palliative care, benign prostatic hyperplasia and specialised anaesthesia segments, is a subsidiary of Abbott Laboratories Inc, US.
The parent company is a leading player globally and is focused on the pharmaceutical [...]