Indian Equity Research and Investment Strategy
The stock of Sasken Communications dropped 5.11% to Rs 459 on the NSE.
On a sequential basis, Sasken’s consolidated net profit dropped 45.43% to Rs 6.39 in Q1 June 2007 over Q4 March 2007. Sales declined 5.46% to Rs 128 crore in Q1 June 2007 over March 2007.
The net profit declined 26.12% to Rs 6.39 crore in Q1 June 2007 over Q1 June 2006. Sales moved up 40.47% to Rs 128 crore in Q1 June 2007 over Q1 June 2006.
We recommend investors with appetite for risk to apply. [Note this is not a Blind Apply as it was in case of MindTree, ICRA etc]
Rohtas, Goel, promoter of Omaxe Constructions and Developers Ltd made it to the richest real estate land barons in India.
Unfortunately, I don’t have the time to pen the complete review and I am uploading the docs from where I have studied and personally applying. SELL some on allotment.
Share Khan Review of Omaxe Developers Ltd
HDFC Securities Review of Omaxe Ltd.
Retail portion is of Rs 180 crore and is likely to be oversubscribed 14+ times.
Grey Market premium as on today is Rs 50 and may vary according to market fluctuations and BSE Real Estate Stock Index.
HDIL IPO Status:
The status of application for Housing Development and Infrastructure Ltd IPO can be checked here.
The board of Exide Industries has given approval for acquisition of 26% stake in a joint venture company in Australia for marketing of traction batteries. Further, the board has also approved the acquisition of the balance 49% shareholding in its existing 51% subsidiary company, Caldyne Automatics.
Rain/CII Holdings, a subsidiary of Rain Calcining, has completed its acquisition of CII Carbon, L.L.C., USA for a cash purchase price of approximately US $ 595 million on 19 July 2007 (New York time). With this acquisition of CII, the company has become the largest manufacturer of calcined petroleum coke in the world.
Larsen and Toubro and Arun Excello Infrastructure on Thursday, 19 July 2007, announced the launch of an IT SEZ. The project coming up at Vallancheri, Tamil Nadu will have a total built up area of 2.70 million squre feet (sq. ft.), spread over eight blocks, ranging from 2.5 lakh sq. ft. to 4.50 lakh sq. ft. and would be completed in two phases. Construction of the first phase is expected to begin in August end this year and would constitute 1.5 million sq. ft.
The scrip had hit a high of Rs 2455, also a all time high for the scrip, and a low of Rs 2390.15 so far during the day.
SEZ in India is the Largest Real Estate Scam in the world. I have never heard of this place called Vallancheri and I wonder how many IT Exporting companies will move into that place. Don’t panic, L&Ts major role will be in construction by virtue of which it will get stake 🙂
Satyam Computer posted 2.1% fall in net profit to Rs 389.14 crore in Q1 June 2007 over March 2007. Total income rose 6.5% to Rs 1820.93 crore over Q4 March 2007
Satyam Computer has cut FY 2008 EPS guidance in rupee terms. It has now projected a between 12.5% to 14% growth in EPS to between Rs 24.14 and Rs 24.46. It had earlier guided of 18% to 20% EPS growth in rupee terms for FY 2008.
It has, however, raised FY 2008 revenue guidance in rupee terms. It now expects 21.1% and 22.5% growth in revenue in rupee terms compared to earlier guidance of 20% to 22%.
The stock hit a low of Rs 471 and high of Rs 489.80 so far during the day
BT Revenue Disappoints Tepid sales; margin above expectations – Revenue grew ~7% qoq to US$211mn – below expectation of US$218mn. Revenue in INR terms was flat at Rs.8.76b. EBITDA margin declined 340bps (vs. our expectation of 410bps decline). Lower taxes led to net profit of Rs.1.7b – marginally ahead in spite of lower sales growth.
Tech Mahindra’s consolidated net profit declined 13.1% to Rs 170.30 crore in Q1 June 2007 over Q4 March 2007. Revenue rose 0.2% to Rs 876.30 crore over March 2007.
The stock is down to Rs 1428. However, its a good BUY on decline.