Indian Equity Research and Investment Strategy
Crompton Greaves recommended issue of Bonus shares in the proportion of 2 new equity shares for every 5 equity shares, of Rs 2/- each, subject to approval of members in General Meeting and the Regulatory Authorities, as necessary.
The Extra Ordinary General Meeting of the Company, to seek members approval has been convened on November 23, 2006.
Infosys announced its second quarter results for FY-2007.
Q2 revenues sequentially up by 14.5% QoQ. Total revenues expected to cross $3 Billion in fiscal 2007. Guidance revised upwards. Company to grow at 45%.
The company reported revenues of Rs3,451 crores and a net profit of Rs930 crores for the second quarter ending Sept-30-2006.
Indian Stocks, Infosys Results , Indian Q2 Earnings , Dalal Street
Sintex Industries Limited, manufacturers of storage tanks have came out with excellent Q2 results. Sales increased by 50% from 178 crores to 254 crores year over year from sep 2005 to 2006. Net profit increased by 90% comparing Q2 2006 to Q2 2007. Sintex Industries Q2 consolidated net profit is at Rs 30.9 crore.
FII, Warburg Pincus holds significant investment in Sintex Industries Limited. They first invested in February-2005.
If you had applied for the Gayatri Projects Limited, IPO, you can now check the status of allotment here on Karvy website.
In early August DalalStreet.Biz had put a BUY recommendation on Amtek Auto Limited when the price was around Rs290. We still maintain the same BUY rating on the stock at around Rs320 and continue to be bullish about the prospects of the company in long term.
DalalStreet.Biz analysts are also bullish on the long term prospects of Bharat Forge Company Limited. Bharat Forge is setting up a large manufacturing facility in SEZ. It has been aggressively expanding in export markets. BUY 25% of your capacity around Rs350 and we will inform you of further developments.
We are also studying the prospects of HT Media and we will keep you posted as soon as our research on the stock is done.
Thanks and Happy Investing.
Logistics, Retail, Telecom and IT are likely to be the star performers in India Inc for Q2. In a research report published by ILFS,[PDF] Logistics is expected to report a rise in YoY sales of 232% followed by Retail expected to report 70.2% rise in YoY sales. IT is expected to report growth of 39% and Telecom 36%.
ILFS favorite picks sectorwise are as follows.
Logistics:
Gateway Distriparks and Allcargo Global
Retail:
Pantaloon Retail (India) Limited and Shoppers Stop.
IT:
Infosys Technologies Limited, TCS, Wipro (My favorites are Satyam and HCL Technologies)