Indian Equity Research and Investment Strategy
In continuing the Goldman Sachs coverage on India Logistics & Transportation, the following stocks have been assigned Neutral rating unlike the BUY rating on Gateway Distriparks and Gati Ltd.
Transport Corporation of India Ltd: TCIL
TCIL is an integrated logistics company and the largest organized player in the road freight business, with a 15% share of the organized market – it moves close to 1.5% of India’s surface traffic annually. (more…)
Just minutes ago, Goldman Sachs has released a report initiating coverage on India Transportation and Logistics Sector with a BUY rating and long-term growth prospects. Goldman has five stocks representing 63% of the Indian logistics sector’s total market capitalization. (more…)
The management of Compucom Software Limited has informed us that the company has been awarded an ICT project by Secondary Education Department, Government of Rajasthan to
provide Computer Education on BOOT basis in 2292 Govt. Schools of Rajasthan.
The contract value is worth Rs 142 Crore (Approximate).
Lehman Brothers has been at the fore-front in covering the Indian IT Stocks. They were the first one to downgrade last October and subsequently after the blood bath upgraded tier-I Indian IT stocks. Just a while ago they have reiterated a BUY on Infosys, Wipro and TCS due to the weakness in rupee which is probably going to last longer than expected.
Infosys Technologies:
Lehman Brothers’ economics team expects the FY09E US$-INR average exchange rate to be 41.2 (3% depreciation from the average rate in FY08), against the earlier forecast of 39.4. (more…)
Crunching the data releases by NSE and then looking into the books of the company, here are the top 10 companies where Foreign Institutions have sold in the last 3 months. We are providing the Data – Rank [1 – Highest sales by FIIs], Name of company, Percentage – Feee float of the company which the FIIs have SOLD.
1 Firstsource Solu: -22%
2 Ganesh Housing: -14% (more…)
Your eyes must be Red and BP shooting high the moment you read, FIIs are fleeing India. Chill, to save their siblings in the US [American Subsidiaries], they booked huge profits and thus their holding in BSE-500 has dropped from 20% to 17.8% at the end of March-08. Promoter share of the BSE500 picked up ~2.9%, rising to 58.2% in the quarter – the highest level in 32 quarters, suggesting continued promoter confidence even in a weakening market. (more…)