Trident Homescapes opens in Chandigarh

OctaMedia Retail has informed us that Abhishek Industries has made its maiden foray in lifestyle retail in India by launching its first store under the brand name ‘Trident Homescapes‘ at Chandigarh. The Trident Homescapes would house a wide and exclusive range of home products capable of turning a home into a lifestyle arena.

The Rs 15 billion enterprise and proud winner of awards from leading international retails chains including Wal Mart and J C Penny, Trident Group has launched its first Lifestyle store – Trident Homescapes – in Chandigarh through Abhishek Industries the flagship company of the group.

Satyam to acquire S&V Management Consultants

Satyam Computer Services has agreed to acquire S&V Management Consultants, a Ghent, Belgium-based supply chain management (SCM) consulting firm. The $35.5 million, all-cash purchase significantly reinforces Satyam’s supply chain strategy capabilities.

As a part of this transaction, Satyam also acquires an innovative business decision support software called Equazion, a sophisticated supply chain performance management suite that enables business decisions from a macro perspective.

S&V was founded in 1992, and has offices in Belgium and the Netherlands. The $15 million firm develops supply chain strategy and performance, and supply chain process excellence solutions, largely for manufacturing and pharmaceutical companies and public entities. S&V features 60 consultants, all of whom are six sigma-trained and APICS-certified, and fluent in English Dutch, and French.

Subex bags Verizon’s excellence award

Subex Systems has been selected as a recipient of the Verizon’s 2007 supplier excellence award. The award recognizes Subex for its outstanding effort and achievement in demonstrating performance excellence thro the deployment of its moneta revenue assurance solution across multiple Verizon next-generation services.

Subex’s Moneta enables customers like Verizon to maximize revenues by detecting and correcting any issues across the value chain, ensuring that services are properly ordered and billed for and that all revenues are received. By improving data processing accuracy, Subex’s customers achieve a solid ROI through the software while improving overall customer satisfaction due to reduced billing and service- related errors. Moneta is recognized as the industry-leading solution for automating critical revenue auditing tasks that promote operational efficiency and sustained profitability.

HDFC Fund Review – FY2008

We have been recommending investing in HDFC Funds. It is time that we presented the performance review for FY-2008. As you all know about the correction that happened in Global market didn’t spare Dalal Street as well 🙂

HDFC Equity Fund:
The fund has delivered 23.60% returns for investors since inception. However, SIP investors continue to make merry by fetching returns of 32.30% as on March-08.

HDFC Top 200 Fund:
This fund is rated 5 stars [*****] and is one of the best performing funds in India. Benchmarked against BSE 200, the fund has been consistently beating the benchmark delivering solid returns for investors. Top-200 fund has given returns of 27.35% since inception for original investors. While SIP investors have made 30.86%.

HDFC Tax Saver Fund:
This fund has also performed consistently delivering unbelievable returns of 35.48% for lump sum investors who invested in NFO and 38.99% for SIP investors. In addition to this, your investment would have qualified for Section 80CC Income Tax benefit.

HDFC Long Term Advantage Fund:
This fund is the youngest from the HDFC stable on which we have a recommendation. Lumpsum NFO investors made 36.65% while SIP investors made 39.27%. This fund qualifies for IT benefits under 80CC.

HSBC Equity Fund:
We are initiating coverage on HSBC Equity Fund with a SIP subscribe recommendation. We haver eviewed the performance of this fund for the past 5 years and fully satisfied by the performance and portfolio along with the process the fund house follows. [process is very important in the event of Turmoil in the markets]

HSBC Equity fund has delivered 52.09% returns since inception and SIP investors stand to gain by 42.93%. This is the youngest fund in our recommendation list.

Questions and Comments can be sent to feedback AT DalalStreet Dot Biz

Chambal Fertiliser + Coromandel Fertilisers Coverage

Fertiliser stocks have been in the news for a while. Much of this has to do with hardening global food grain and fertilizer prices, which have brought the spotlight on Indian fertiliser stocks.Fertiliser consumption to grow at 4% CAGR FY 07 – 12E. Growing at 4% p.a. Low capacity additions expected to lead to a deficit of 5~6 mtpa till FY11E. Firming international prices of fertilizers, making imports an expensive proposition. Positive view on select commodities like Soda ash & Acetic Acid.

Chambal Fertilizers: CFCL has been operating at over 100% capacity for last 4 years. We expect the capacity utilisation to marginally improve and production to compound 2% during FY07-FY10E. (more…)

JP Morgan neutral on Aztecsoft

Revenues grew 8% Q/Q in US$ terms with a 4.6% Q/Q increase in EBITDA margins from a low base in 3Q FY08. However, Aztecsoft reported a foreign exchange loss of Rs42MM during the quarter leading to net profit of Rs32MM, below our expectations.

Management indicated a 25-28% Y/Y US$ revenue growth in FY09 led by a strong rampup in newly added clients. JP Morgan revenue estimates in line with management guidance, and now expect a 25% revenue CAGR over FY08-FY10E as against 30% earlier. (more…)

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