Indian Pharma companies are now moving up the value chain with the ultimate goal to become global R&D hubs in-line with the Governmnet’s vision to make India a Global Knowledge Center. Leading Pharmaceutical Companies in CRAMs (Contract Research and Manufacturing Services) segment – Biocon, Dishman Pharmaceuticals, Jubilant Organosys and Piramal Healthcare. (more…)
Category: Economy, Markets and Macro Views
Research on Indian Economy, Markets and Macro Indicators
Indian Macro under Pressure – Capital Goods Downgraded
The Indian Macro is slowly cracking due to rising crude oil, inflation and interest rates. One of the first sectors to feel the pinch is “Capital Goods”. Brokerage Houses have downgraded the earnings estimates and target prices of all the stocks. We are presenting the same here.
BEML, Crompton and Thermax have been downgraded to Neutral from Outperformer rating. Cummins has been downgraded to Underperformer. (more…)
Great Eastern Shipping – Initiating Coverage
SBI Caps Securities has initiated coverage on Great Eastern Shipping Co Ltd with a BUY rating. GE Shipping possesses a sizeable fleet with presence in carrying crude oil, products and dry bulk segments. Great Ship India, a subsidiary of GE Shipping is aggressively scaling up its offshore fleet. It plans to expand its fleet size from 3 vessels in FY 2007 to 20 vessels by FY 2010E. (more…)
Indian Markets – Short Term Pain, Long Term Gain
The Indian market has corrected by a whopping 35% since the Jan-08 highs, one of the biggest drops in Asia and Emerging Markets. Inflation is at a 13-year high and fiscal deficit pressures have overshadowed fears of a US recession and a drop in global risk appetite. (more…)
DLF on a Buy Back Saga to Boost Stock Price
DLF Ltd the company which has cheated its old investors and is not very professional in management now feels that its stock price is below its intrinsic value and wants to BUY Back its own stock. (more…)
Year to Date Performance of Indian Indices
The markets have crashed as if there is no tomorrow. The Government which failed to curb inflation and Industrial lobbies [Iron, Cement etc] is continuing with the Nuclear deal saga forcing political instability and a havoc in the Indian markets. The worst performing sectors on Indian bourses are Real Estate, Power, Small Caps and Capital Goods. Healthcare, FMCG and IT have come to aid the defensive investors. Here is a YTD performance of Various Indices.
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