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 ?
Hindustan Construction Company has incorporated a special purpose vehicle (SPV) company i.e. HCC Singapore Enterprises as a wholly owned Subsidiary of the company for promoting its business including those of the group companies.
HCC Real Estate (HREL), the wholly owned subsidiary of the company has also incorporated a special purpose vehicle (SPV) company i.e. Charosa Wineries for undertaking wine business.
Axis Bank has announced its unaudited results for Q3 2007-08 and for the nine months ended December 2007, following the approval of its Board of Directors in a meeting held in Mumbai on 9th January, 2008. The Net Profit for the third quarter was Rs. 306.83 crores, up by 66.20% over the Net Profit of Rs. 184.61 crores for the third quarter of last year. The Net Profit of the Bank for the nine months ended December 200 7 was Rs. 709.63 crores, up by 58.70% over the Net Profit of Rs. 447.14 crores during the first nine months of the previous year.
TRF announces receipt of an order worth Rs 961.63 million from Tata Projects for design, manufacture, procurement, supply, delivery, transportation to the site, storage, construction, erection, testing, commissioning & handing over of the coal handling plant as required by Mahagenco on back to back basis.
The board of Aditya Birla Nuvo has decided to issue 2,05,00,000 warrants of face value Rs 10 to promoter / promoter group on preferential allotment basis, entitling the holder of warrant to apply for and obtain allotment of one equity share against each warrant for an aggregate amount of Rs 4200 crore.
Further, the board has decided to convene extra ordinary general meeting for the approval of the aforesaid preferential issue / allotment on 06 February 2008.
Aditya Birla Nuvo is sort of Holding company for Kumar Birla. We don’t like and approve Kumar Birla’s style of functioning at Aditya Birla Nuvo because they have laundered big projects and money to group companies.
I-Sec has initiated coverage on Mumbai’s real Estate Developer HDIL with a Strong BUY Rating. On the back of strong project pipeline and imminent upsides from GVK Slum Rehabilitation Scheme (SRS) and upcoming special economic zones (SEZs). HDIL has presence across all key segments – residential, commercial, retail, SEZs and particularly SRS. Presence in prime Mumbai property market adds to the advantage. HDIL has development pipeline of ~120mn sqft (excluding GVK SRS and SEZs).
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In a research report released just minutes ago, Lehman Brothers has upgraded the Indian IT stocks. The upgrade comes 3 months after their bold move to call a SELL on Indian IT.
Infosys Technologies:
Infosys’s recent multiple contraction has priced in negatives like an appreciating rupee, a rising tax rate and a slowdown in EPS CAGR to 18.4% in next five years. The stock price will be driven by revenue and earnings momentum, which is likely to continue in the next few quarters. Infosys is expected to report an EPS (more…)
