Who are the top wealth creators in India for their shareholders ? Here is a compiled list on various factors. First list is about Top Wealth Creators and the second is about Consistent Wealth Creators for their shareholders. The sectors in which these companies operate is enclosed in brackets for non Indian audience. We do not consider companies such as MMTC and NMDC whose share price is nothing but a scam.
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Category: Economy, Markets and Macro Views
Research on Indian Economy, Markets and Macro Indicators
Movie Buys – PVR
The multiplex industry is set to witness strong volume growth on the back of rising consumerism, entertainment tax exemptions, advent of organized retail and overall multiplex underpenetration in India. PVR’s dominant market share at the box-office, diversification into movie production and aggressive but selective geographical expansion plans bode well for the company’s prospects.
Through aggressive capacity expansion plans, PVR is looking at geographical diversification (beyond Delhi/NCR, its dominant pocket) (more…)
MMTC and NMDC Price Rigging Scam
Who is rigging the prices of Government Owned and Controlled companies – MMTC and NMDC ? What is the Market watchdog, SEBI doing ? Does the SEBI want’s to be synonymous with the Police in Bollywood movies, arrive after all the damage has been done ? We present a complete analysis of price rigging in MMTC and NMDC and yet the Finance Ministry and SEBI are mere spectators 🙂 [Nothing New] (more…)
Educomp + Everonn Outperformers – Credit Suisse
Behind the attractive India growth story lies a hidden truth –the education system is in a sorry state. IndiaÂ’’s education sector could see long-term secular growth with rewards for early movers in the K-12 segment. Credit Suisee has initiated coverage on Educomp and Everonn with an OUTPERFORM rating.
Inefficient spending by the government sector and restrictive regulations hobbling private participation has led to a significant demand-supply gap. The market is large, with an addressable population of 460 mn children and annual spending higher than US$50 bn. (more…)
Morgan Stanley Bearish on Indian Markets for Next 12 Months
After India’s biggest Bull, Mr. Sanjiv Duggal turning bearish on the Indian equity markets, Morgan Stanley has come up with a Base case prediction of SENSEX going down in the next 12 months while the Bull case prediction leaves very little on the table for investors entering the market at this level.
Some of the main factors for such a bearish view are as follows, Contrasting Situation at Home and Abroad Makes Way for Fat Tails. (more…)
Kotak Upgrades SREI Infra
SREI proposes to capitalize on its project development business to scale-up project finance activity. SREI, along with project contractors, bids for development of infrastructure projects. It has development rights for six road projects and two ports. Srei proposes to provide a gamut of financial and advisory services for the projects under development.
SREI’s investment banking business has earned fees of Rs79 mn in 1HFY08. The focus is on emerging infrastructure companies which are tapping equity markets. The company has a reasonable pipeline for its size and expects to close the year with about 10 deals. Kotak has upgraded SREI Infra on the basis of Sum of the Parts Valuation. (more…)