Analysts covering Cairn Energy in India have different views about its earnings for the next 12 months. Kotak analysts are not so bullish on the prospects of the company while CLSA analysts have upgraded the target price. herei s what they both have to say,
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Month: January 2008
Performance of New Issues in 2007
The year 2007 saw Indian IPO Market scaling new records. In 2007, 112 stock got listed on NSE/ BSE 3 out of 10 gave a return of more than 100%, five outperformed BSE – SENSEX and 3 are trading below issue price. IPOs are selling like hot cake in India because of the simple reason that it gives easy money when the investor chooses the IPO on our recommendation. However, the big challenge was Getting allotment in IPO, which is just like lottery and it depends more on luck if the IPO is like that of most sought after (more…)
Reliance Power – Most Expensive Offering
On the first look, the Reliance Power IPO looks like the most expensive IPO. In race to beat his elder brother Mukesh Ambani, Anil is raising money at a premium on ventures still on Paper and Brains 🙂
IPO money is being raised to execute about 7,000 MW of capacity expected to go on stream by 2012. If all goes perfectly (more…)
Hindustan Construction Company incorporates special purpose vehicle
Hindustan Construction Company has incorporated a special purpose vehicle (SPV) company i.e. HCC Singapore Enterprises as a wholly owned Subsidiary of the company for promoting its business including those of the group companies.
HCC Real Estate (HREL), the wholly owned subsidiary of the company has also incorporated a special purpose vehicle (SPV) company i.e. Charosa Wineries for undertaking wine business.
Axis Bank Q3-2008 Results
Axis Bank has announced its unaudited results for Q3 2007-08 and for the nine months ended December 2007, following the approval of its Board of Directors in a meeting held in Mumbai on 9th January, 2008. The Net Profit for the third quarter was Rs. 306.83 crores, up by 66.20% over the Net Profit of Rs. 184.61 crores for the third quarter of last year. The Net Profit of the Bank for the nine months ended December 200 7 was Rs. 709.63 crores, up by 58.70% over the Net Profit of Rs. 447.14 crores during the first nine months of the previous year.
TRF receives order worth Rs 961.63 million
TRF announces receipt of an order worth Rs 961.63 million from Tata Projects for design, manufacture, procurement, supply, delivery, transportation to the site, storage, construction, erection, testing, commissioning & handing over of the coal handling plant as required by Mahagenco on back to back basis.