Indian Equity Research and Investment Strategy
IVR Prime Urban Developers has received investment commitments of around Rs 250 crore [$62 mn] for its multi use integrated development realty projects.
The company further announces that few more realty funds are also inclined to join hands with IVR Prime for development of some of its projects.The company’s land reserves are to the extent of 2850 acres around. Tier I cities in Chennai, Hyderabad, Pune, Bangalore, Visakhapatnam and Noida.
Maharashtra Seamless (MSL) has announced that the company has been awarded export orders worth US $ 40 million from USA & Latin America. These supplies would support the drilling programmes of oil & gas majors in the above region. With the exploration & drilling activities on the rise, the demand for seamless pipes is expected to rise significantly and MSL is better positioned to get some major pipes contracts in the coming time.
Recently, US authorities have initiated anti dumping duty investigation against Chinese pipe and have already imposed preliminary countervailing duty. This would pave the way for better market share in USA for others and Indian players. To meet the customer requirements and to support the export functions, the company has opened export branch in USA to facilitate better services and customer support to its large base of OCTG and line pipes customers in USA, Canada and Latin America.
Jet Airways has had a strong month in Nov-07 in the domestic and international markets with significant improvement in load factors over 2QFY08. With the holiday season resulting in strong demand, expect December-January to be better than Oct-Nov.
During Nov-07, Jet achieved a load factor of 74.4% in the domestic market, 810bps higher than in 2QFY08. (more…)
Who is rigging the prices of Government Owned and Controlled companies – MMTC and NMDC ? What is the Market watchdog, SEBI doing ? Does the SEBI want’s to be synonymous with the Police in Bollywood movies, arrive after all the damage has been done ? We present a complete analysis of price rigging in MMTC and NMDC and yet the Finance Ministry and SEBI are mere spectators 🙂 [Nothing New] (more…)
ENAM has initiated coverage on Shriram Transport Finance with a BUY Rating. Shriram Transport Finance Company Ltd. (STFCL) is one of the fastest growing NBFC with an estimated market share of 20-25% in the pre-owned CV financing business and a total AUM of Rs 148bn (Sep-07). The company has 391 branches and 6,318 employees and enjoys one of the largest networks among NBFCs.
STFCL is also moving towards vertical integration by increasingly offering the entire spectrum of products to its customers besides truck financing. Increasing tie-ups with small financiers will help STFCL improve its market share and ensure rapid growth in its loan book. (more…)
Alchemist Realty formerly known as Pan packaging has informed us that the company will hold an extraordinary general meeting of its shareholders on 10 January 2008 to obtain their approval for the bonus issue in the ration of 1:1.
Brady & Morris Engineering Company have resolved to issue bonus shares in the ratio of 1:2 that is one new equity share for every two existing issued equity shares.
This was resolved at the extra ordinary general meeting held just a while ago.