Category: Equity Research

Anlaysts on the street are still in love with lost love – Indian IT Companies. Here is the consensus estimates. Kindly note that the future of these stocks will depend on the Guidance for the next quarter and year.

Infosys Technologies:
Results will be announced on Jan-11th.
Consensus Estimate for Q3FY08- Revenues of 4331.4 cr 5.5%[qoq] 18.5[YoY] Net Profit of Rs 1172.8 EPS of Rs (more…)

SBI Caps has initiated coverage on Varun Shipping and Ahluwalia Contracts with a BUY recommendation.

Varun Shipping:
Varun Shipping Ltd. (VSL) is the largest hydrocarbon shipping company is a serious player in the area of shipping energy in the country. Given its prominent presence in this niche segment, where charter rates are less volatile, coupled with its fleet expansion and foray into the lucrative offshore segment, we expect Varun to register 15% revenue CAGR over FY07-FY10. (more…)

Carol Info Services Limited (CISL) is a subsidiary of Khorakiwala Holdings and Investments Private Limited. Pursuant to a scheme of arrangement, the pharmaceutical business of the Company was demerged into Wockhardt Limited with effect from January 01, 2000. CISL, formerly known as Wockhardt Life Sciences Ltd is currently engaged in contract manufacturing in the nutrition industry. Its plant in Lalru, Punjab manufactures neutraceutical and other milk-based products for Wockhardt Ltd. (more…)

Solitaire Machine Tools Ltd – SMTL manufactures Precision Centerless Grinders in different ranges of 100 mm, 200 mm, 250 mm & 500 mm wheel width accounting for 93% of the total revenues.SMTL has two facilities located at Baroda with a total installed capacity of 56 machines p.a. Plant 1 manufactures No. 2 grinders (200 mm & 250 mm wheel width), while Plant 2 manufactures & assembles the grinders of 100 mm & 500 mm wheel width.
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We initiated coverage on Shiv Vani Oil in September and the stock has went past our target price. Nirmal Bang Securities [Big Bull during the Dot Com Days] is now initiating coverage on the stock.

Shiv Vani has a strong order book of Rs 3150 crore and is expcted to strengthern by another Rs 4000 crore.Increase E&P Capital Expenditure to boost up demand for Oil field service providers.The Indian market size of Seismic services is estimated to be over Rs. 2000 Crores. and it is expected to grow by 50-60% once the NELP VII blocks will be awarded in early next year. Shiv Vani will be a major beneficiary in these contracts. (more…)

We have received recommendations from several corneres including HDFC Securities Research on Gandhi Special Tubes. [A Midcap Steel Company].

Gandhi Special Tubes Ltd (GSTL) is a niche-player in the small diameter seamless and welded tubes segment. It also manufactures tubular components and has a presence in the wind power segment, automobile, general engineering and refrigeration.

The Indian Auto-components Industry is expected to grow at a CAGR of 16% over until 2011-12. GSTL primarily caters to fast growing industries like the automobile and general engineering industry. (more…)