Indian Equity Research and Investment Strategy
How to Get More Returns in Mutual Fund SIP with Swing Strategy ?
Max Life Insurance – Revised Deal, Positive for Max Financial
Will the Digital Neo Banking Platforms Succeed in India ?
Should you own the Life Insurance Business ?
Does HDFC AMC deserve High Valuation ? Review
Valuation of Indian Markets & Relentless FII Selling
Why Indian StockMarket Quoting at High P-E ?
Why Value Investing Does not Work in India ?
Bangalore based realty major Sobha Developers has convened an extraordinary general meeting (EGM) on September 22, 2008, to get shareholders’ nod for its proposed rights issue. The company hopes to mop up Rs 350 crore through the exercise.
The funds will be used for general corporate purposes, including working capital, acquiring land and other needs, the company stated.
Deutsche Bank [DB] is underweight on Indian brokerage stocks [Emkay, Motilal Oswal, Geojit etc] especially Indiainfoline and Edelweiss where they have recommended a SELL. DB compares the premium P/E at which these stocks are quoting to their peers across Asia where they are all trading at discount. This is very different from exchanges, which are also turnover-dependent but trade at market premiums since they are oligopolistic businesses. (more…)
JP Morgan AMC India is on a fund launching spree. The AMC has filed an offer document with Securities and Exchange Board of India (SEBI) to launch its Latin America Equity Off-Shore Fund, an open-ended fund of funds scheme. Just last week we saw that JP Morgan has filed with the SEBI to launch a Greater China Fund.
The scheme offers growth option only. The minimum subscription amount for the scheme is fixed at Rs 10,000 and in multiples of Re 1 thereafter.
The fund house will infuse up to 80%-100% in units of JPMorgan Funds – Latin America Equity Fund with medium to high risk profile. Similarly, it might invest 0-20% in money market instruments and/or units of liquid schemes with low to medium risk profile.
The objective of the scheme is to grant long term capital appreciation by investing in JPMorgan Funds – Latin American Equity Fund.
Infosys plans to acquire UK-based SAP consulting co. Axon Group plc (LSE:AXO) for US$753.1m at 19% premium to last closing price. Based on last 5yrs reported PATg of 68% & 08 consensus forecast EPS g 29%, deal likely fair at 15x CY08 consensus EPS. Axon could add 10% to Infy revs, take up Europe to ~30% of revs from 27% today & grow consulting /enterprise solutions to 30% from 24% today. (more…)
Credit Suisse expects the Sensex to repeatedly touch both extremes of the 13,000-16,000 band in the next six months. At each extreme, are advised to prepare portfolios for a market move to the other. Some of the key negatives that are factored in – soon to stabilise inflation, a peaking monetary tightening cycle, diminished earnings expectations and stable global commodity prices. (more…)
Here is a list for companies where earnings and price targets have been changed over the past one month depending on Q1FY09 by Kotak Institutional Equities. (more…)
