Indian Equity Research and Investment Strategy
Citi has initiated coverage on Rolta India with a BUY rating. Rolta is a unique mid-cap IT services play [for the past 10 years, it has remained a Midcap], a market leader in some of its key business segments, predominantly domestic and geared to India’s investment build-out.
Rolta’s business focus is unique – ~75% of its revenues are from Geospatial (more…)
Motherson could see strong growth in FY11/12e led by – over 25% auto sales growth in India and margin expansion of global mirror unit led by market share gain. Expect sales to rise faster than Industry owing to increase in price of wiring harness as new cars are having more features; increase in market share in plastic parts as Motherson is a key supplier for recently launched Ford Figo among (more…)
As we move into the results season of Q4 FY 2010, here is what analysts have built their expectations from the street. Expect Sensex companies to post a strong headline net profit growth of 45.3% (including consolidation) and 30% excluding consolidation. However, earnings are skewed by the strong performance (more…)
Most steel companies believe steel demand in India is on an upward trajectory and expect double-digit growth in FY11E, led by infrastructure and autos. Majority of the steel expansion projects are running behind schedule – constrained by land acquisition and procedural hurdles. In our view, (more…)
After Africa, Godrej Consumer is now eyeing the Indonesian market. Today it announced its decision to acquire Megasari Group, a leading household care company in Indonesia. With revenues of US$120MM in 2009 (+20% y/y), Megasari holds dominant market (more…)
Kotak Securities analyst have blown the lid of IndiaBulls Real Estate shady operations. It looks like Kotak was not invited to the closed door Analyst meeting due to their transparent nature of coverage, anyway here is an excerpt from Kotak’s report, (more…)