Indian Equity Research and Investment Strategy
Petron Engineering has received two letter of intents from Utility Energytech Engineers and Reliance energy for erection, testing, commissioning, trial operation and handing over of boiler proper for 2 x 300 MW rosa thermal power project, Rosa, Uttar Pradesh valued at Rs 38.99 crore.
Erection, testing, commissioning, trial operation and handing over of boiler proper (2 units) for 2 x 600 MW Hisar thermal power project (HTPP), Haryana, valued at Rs 59.88 crore.
The board of Century Extrusions just a while ago informed us that they have approved rights issue of equity shares to part finance the cost of expansion (enhancement of capacity for manufacture of aluminium extrusions from 7500 TPA to 15000 TPA, estimated project cost – Rs 34.50 core) and diversification (setting up facility for manufacture of 6000 TPA power transmission and distribution line hardware – estimated project cost Rs 1.00 crore) projects of the company.
The multiplex industry is set to witness strong volume growth on the back of rising consumerism, entertainment tax exemptions, advent of organized retail and overall multiplex underpenetration in India. PVR’s dominant market share at the box-office, diversification into movie production and aggressive but selective geographical expansion plans bode well for the company’s prospects.
Through aggressive capacity expansion plans, PVR is looking at geographical diversification (beyond Delhi/NCR, its dominant pocket) (more…)
| Company Name | CMP* | Price Target | Upside (%) |
| Aban Offshore | 5017 | 5420 | 8.03 |
| Axis (UTI) Bank | 994 | 1054 | 6.03 |
| Balaji Telefilms | 348 | 427 | 22.70 |
| BHEL | 2561 | 3289 | 28.42 |
| Grasim | 3733 | 3950 | 5.81 |
| Indo Tech Transformer | 678 | 725 | 6.93 |
| Maruti Suzuki | 1042 | 1230 | 18.04 |
| Mahindra & Mahindra | 791 | 900 | 13.78 |
| State Bank of India | 2406 | 2680 | 11.38 |
| Crompton | 399 | 464 | 16.29 |
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.