On The Road To Growth With there being a likelihood of an increase in the prices of new tyres, Indag Rubber will stand to benefit because of its business of retread tyres. The company has therefore put into motion impressive expansion plans Despite the fact that the broader markets continue to surge ahead, there are [...]
Pidilite Industries is the market leader in adhesives and construction chemicals, hobby colors and polymer emulsions in India. Company’s brand named Fevicol has become synonymous with adhesives to millions in India and is ranked amongst the most trusted brands in India. Pidilite is also growing its International presence through acquisitions and setting up manufacturing facilities [...]
The promoters of Suzlon Energy, recently, reported that members of the promoter group had together pledged 15.75 per cent stake in the windmill company. This is despite the turnaround announced by the company in the December 2009 quarter. The troubled wind turbine manufacturer reported a net profit of Rs 14 crore in December 09 against [...]
The Hyderabad-based company, according to market sources, is expected to be in seem some momentum in the near future. Nrupender Rao, chairman of Pennar Industries, was quoted as saying that the company was on course to post sales of around Rs 230 crore in the fourth quarter of the current fiscal (FY10). Besides, the company [...]
CMP — Rs 204, P/E — 27.4, The investigation wing of the income tax department searched the offices ofAllcargo Global Logistics in July2010. The company has not come out with any clarification or statement on the matter. The company is being investigated for alleged land transactions in Gujarat for setting up a port in partnership [...]
CMP — Rs 362, P/E — 24.9, Industry P/E — 38.5 (Construction) As per the stock exchange announcement, the income tax department had conducted a raid on HDIL office premises and promoters residences on 10 and 11 September 2009. During the course of raid, the company agreed to offer approximately Rs 350 crore as income [...]
OM METALS INFRAPROJECTS Reco price: Rs 30 Target price: Rs 39 Upside: 23.8% Brokerage: SBICAP Securities Om Metals Infraprojects is the largest hydro-mechanical equipment supplier in India with a market share of over 60 per cent. The company presently has an order book of Rs 636 crore, which is 3.5 times first half 2009-10 annualised [...]
HSIL Reco price: Rs 61.25 Target price: Rs 74 Upside: 2.6% Brokerage: HDFC Securities HSIL, earlier known as Hindustan Sanitaryware & Industries, enjoys a 40 per cent market share in the organised sanitary-ware industry. HSIL has increased its portfolio by adding more products in its bathroom and kitchen appliances products; it launched around 150 new [...]
TRANSPORT CORPORATION OF INDIA Reco price: Rs 90 Target price: Rs 100 Upside: 11.4% Brokerage: Kotak Securities Transport Corporation of India (TCI) has formed a strategy to cross sell its services through its five divisions. Each division would cross market services and provide single point logistics solutions to its clients. This is expected to increase [...]
INDIABULLS REAL ESTATE Reco price: Rs 218 Target price: Rs 259 Upside: 17.6% Brokerage: ICICI Securities The developments in Indiabulls Property Investment Trust (IPIT) and new project launches look inspiring. Total saleable area of IPIT has increased from 5 million square feet (MSF) to 6.3 MSF owing to change in FSI. It has 2 MSF [...]
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