DLF lndia’ largest real estate developer by market capitalisation along with its joint venture partner Hubtown sold 100% of their respective shareholding in DLF Ackruti Info Parks in Pune for an aggregate consideration of Rs 810 crore to an entity controlled by real estate fund affiliated with the Blackstone Group. BRfllMauritius Investment II. after obtaining [...]
Oracle Financial Software The Mumbai-based IT firm fell after dismal results from its US-based parent Oracle Corp, the world’s third biggest software maker. Oracle Corp reported 17% growth in its net income to USS 2.19 billion for the second quarter ended 30 November 2011 on account of higher sales of new software licences.Its total revenues [...]
Buy PTC India at Rs 47.5-48.4, Stop loss at Rs 46.8, Target at Rs 50-52.6 Buy Adani Power at Rs 83.8-86.5, Stop loss at Rs 82.3, Target at Rs 90.7-97.6 Buy Gitanjali Gems at Rs 303.55, Stop loss at Rs 301, Target at Rs 310 Buy Piramal Healthcare at Rs 416.45, Stop loss at Rs [...]
HCL Technologies Ltd Higher than expected growth in Core Software offset one-off decline in IMS In case of IT services volume grew by 4.9% QoQ in Q2FY12 better than our expectation and higher than peer sets -for instance TCS and Infosys registered volume growth of 3.2% and 3.1%, respectively, on QoQ basis in December quarter. [...]
Mphasis Ltd. CMP – Rs. 314 Mphasis’s revenue (adjusted for reversal of credit note of Rs.66.5 crore in Q3FY11 and deferment of revenue booking of Rs.34.6 crore due to incomplete documentation in the previous quarter) declined by 2.8% on QoQ basis to USD272.1 million (excluding revenue of USD4.1 million from Wyde- company acquired w.e.f. Sept [...]
Auto major Tata Motors said it plans to enter new global markets such as Thailand, Myanmar, Indonesia and Bangladesh with the ‘Nano’ within a year, as well as launch a CNG version of the car in the domestic market. The company also said it plans to invest Rs 3,000 crore on capacity expansion and various [...]
The rupee appreciated by 25 paise to 52.26 per dollar in early trade on Tuesday, as the US currency weakened against euro and other major currencies overseas. Dealers said firm domestic equity markets also supported the local unit. The rupee had gained 20 paise to close at nearly three- week high of 52.51/52 per dollar [...]
Hindalco has grown its net profits at an average rate of 11% over the past five years. Over the next three years, we expect profit growth to improve at an average rate of 18 ROIC is an important tool to assess a company’s potential to be a quality investment by determining how well the management [...]
Unichem Laboratories Ltd BSE 506690 NSE : UNICHEMLAB Unichem is expanding quickly in the US market. Currently the company has ANDA filings of 22, with 11 approved & 7 launched. The management has guided revenues of ~USD 7mn & USD 15mn in FY12 & FY13 respectively. Further it expects to file ~1-2 ANDA’s per quarter. [...]
Buy Tata Motors at Rs 188.4-191.5, Stop loss at Rs 186.1, Target at Rs 197-205.5 Buy Cairn India at Rs 321.4-325.7, Stop loss at Rs 318, Target at Rs 333.4-345.4
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