Category: Equity Research

Citi has initiated coverage on Rolta India with a BUY rating. Rolta is a unique mid-cap IT services play [for the past 10 years, it has remained a Midcap], a market leader in some of its key business segments, predominantly domestic and geared to India’s investment build-out.

Rolta’s business focus is unique – ~75% of its revenues are from Geospatial (more…)

Motherson could see strong growth in FY11/12e led by – over 25% auto sales growth in India and margin expansion of global mirror unit led by market share gain. Expect sales to rise faster than Industry owing to increase in price of wiring harness as new cars are having more features; increase in market share in plastic parts as Motherson is a key supplier for recently launched Ford Figo among (more…)

As we move into the results season of Q4 FY 2010, here is what analysts have built their expectations from the street. Expect Sensex companies to post a strong headline net profit growth of 45.3% (including consolidation) and 30% excluding consolidation. However, earnings are skewed by the strong performance (more…)

The Buy recommendations are once again back on the Street. IIFL initiated coverage with a BUY on KSK Energy Ventures and now CLSA Pushed the BUY button on IRB Infrastrcuture. (more…)

Small cap vs. large cap discounts in Indian Cement companies is at historical highs. The disconnect – Smaller companies pricing in near distress, while large companies pricing in upturn. The discount to replacement cost ranging between 20% and 60% and the discount to large-cap peers between 40% and 70%. (more…)