ABN-Amro recommends BUY on Aban Offshore Ltd
Thursday, November 30, 2006
ABN Amaro in its research report have suggested to BUY Aban Offshore Ltd. [BOM:523204] Aban Offshore has increased its rigs from 4 to 20 in 3 years and is one of the top-10 rig operators globally. Repricing gains, Higher Capacity and acquistion of Sinvest will drive earnings growth of Aban in the next 3 years. ABN Amro has initiated a coverage with a 12 month price target of Rs1,300. 21% upside from current levels of Rs1080.
Annualized EPS expectations for FY07, FY08 and FY09 are Rs24.8, Rs116.5 and Rs223.5.
Tags: Dalal Street, ABN Amro, Aban Offshore, Stocks India
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Published by Webmaster @ 12:12 PM IST.
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Oppenheimer Fund underwieght on India looks at Brazil
Thursday, November 23, 2006
American $220 Billion Oppenheimer Fund has cut India to underwieght due to expensive valuations and finds Brazil much more attractive.Michael Metz of Oppenheimer said that, India is an exciting market but Brazil is the most attaractive emerging market. Michael further added that market is stretched too high and is vulnerable to a sudden and quick correction. He is worried at the speed the Indian markets have risen and is a major cause of concern.
Via[MC]
Tags: Dalal Street, Emerging Markets, Stocks India, Bric Stocks
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Published by Webmaster @ 11:29 AM IST.
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Info Edge India Lists at 50% premium
Tuesday, November 21, 2006
India first pure Internet Play, Info edge India Ltd - NAUKRI listed at 50% premium to its offer price. The stock is currently trading at Rs580. We advise to BOOK Profits for investors who have been allotted in the IPO as valuations look overstretched at these rates and don't justify its earnings potential.
Tags: Dalal Street, Naukri, Info Edge,IPO India
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Published by Webmaster @ 10:29 AM IST.
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BUY Tech Mahindra - Merill Lynch
Friday, November 17, 2006
Long after DalalStreet.Biz initiated coverage on Tech Mahindra, Merill Lynch has now initiated a covergae with a BUY rating and a target price of Rs1280. Our price target was Rs 1,250.
Brokers Recommendations:
KPIT Cummins – Outperformer from Prabhudas Lilladhar
Tags: Dalal Street, Tech Mahindra, Invest India, Money India
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Published by Webmaster @ 10:18 AM IST.
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TATA Sons offload stake in TCS
Wednesday, November 15, 2006
Tata Sons who are in need of money to finance the Tata Corus deal have offloaded 85 Lakh shares of TCS Ltd to HSBC in a bulk deal on the Bombay Stock exchange. The price the deal was struck is Rs 1,082 / share. TCS is now traded at Rs 1,097 on BSE.
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Published by Webmaster @ 9:37 AM IST.
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All Indian Real estate Stocks Locked at Upper Circuit
Monday, November 13, 2006
With the success of Parsvnath Developers Ltd IPO, All the Indian Real Estate Stocks are locked at upper circuit.
Ansal Housing Ltd at 346.70
Ansal Infrastructure Ltd at 925.25
Unitech Ltd 426.30
D S Kulkarni 300.75
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Published by Webmaster @ 10:28 AM IST.
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Parsvnath and Lanco Ratings by ET
Monday, November 06, 2006
Economic Times Investor guide has "3*" rating on both Parsvnath Builders Limited and Lanco Infratech. They recommend investors with a 3 year horizon to BUY Parsvnath Builders and Long Term for Lanco Infratech.
Arun Kejriwal, director, Kejriwal Research and Investment Services, "The stock looks fairly priced, but considering the revenue prospects and potential value of Parsvnath’s assets, the stock promises to be a good investment option. We think investors should subscribe to the issue"
"The valuations are justified if we look at future earnings potential. We recommend the stock(Parsvnath) as a good long term bet,” says Surya Narayan Nayak, analyst, Networth Stock Broking
"Given its presence in high growth sectors like power, construction and property, we are optimistic about the business model and revenue visibility. One can invest in Lanco from a long-term perspective and gain substantial returns" adds Jigar Valia, analyst at Parag Parikh Securities
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Published by Webmaster @ 8:20 AM IST.
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Reddy Labs to Hit Wal-Mart Shelves ?
Sunday, November 05, 2006
An informer in the US has tipped me that Dr. Reddy's Laboratoties Ltd generic drugs will be stocked by American retailing giant, Wal-Mart under its $4 prescription plan. My source is reliable and here is the list of drugs [PDF] that will be stocked by wal-mart. Let me know if Dr Reddy's is really in it or not.
Tags: Invest India, DalalStreet, Pharma Stocks
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Published by Webmaster @ 1:33 AM IST.
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ILFS Puts a REDUCE Recommendation on Patni Computers
Wednesday, November 01, 2006
IL&FS has initiated coverage on Patni Computer System Ltd with a REDUCE recommendation. It is another way to SELL and Exit. ILFS in its research reported stated,
Therefore we maintain our ÂReduce rating on the stock and recommend a shift from Patni to other large players like Infosys and Satyam. Also note that the management guidance for the next quarter is 0.2% growth in revenues for QoQ and 8% sequential FALL in net profits. Patni's problems are evident from this blog posting where one of the professors on the board of Patni is not so bullish on India. These are Patnspecificic problems only.
However, DalalStreet.Biz is not very bullish on Satyam with a one year target price of Rs495 which leaves limited upsidpotentialal on your investments and DalalStreet.Biz recommends a BUY on HCL-Technologies with a price target of Rs750 in a year.
The entire report by ILFS on Patni can be accessed here.[PDF]
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Published by Webmaster @ 12:02 PM IST.
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