Flagship of the LNJ Bhilwara group, HEG is a diversified company with interests in graphite electrodes and power. For the Q2 ended 30th Sept 2009, though actual numbers on a QoQ have gone up, the margins have reduced sequentially. YoY the story is other way round – the numbers show pressure but margins have gone [...]
Rallis India Limited, a Tata company and a leading agrochemical player in India, kept up its track record and announced another set of good results for second quarter ended 30th Sept 2009. A company with a widespread basket of pesticides, given the current thrust of the Govt on agriculture and rural India, this is the [...]
Company overview— Indusind Bank was incorporated on January and obtained Certificate of Commencement of Business in February 1994. The bank was promoted by IndusInd Enterprises and Finance Ltd. (IEFL) and five Mauritius based companies viz. IndusInd International Holdings Ltd. (IIHL) IndusInd (Mauritius) Holdings Ltd. (IMHL) IndusInd Ltd. (IL) IndusInd Investments Ltd. (IIL) DeFive Mauritius Holdings [...]
House View: IDBI Bank Ltd. About the Company: A Development Financial Institution (DFI) transformed into a full-service commercial bank and named as Industrial Development Bank of India Ltd (IDBI). Later in 2005, IDBI Ltd. merged its banking subsidiary ‘IDBI Bank’ with itself, IDBI is now a universal bank. Bank has been on the path of [...]
Company overview— KPIT Infosystems Ltd. was promoted by Kirtane & Pandit, an accountancy firm to add Information Technology to its suite of services. The group is one of the front-line Indian groups in the area of Information Technology, Business Consulting and Management. The company has its headquarters at Pune, and has two other India offices [...]
FY09 Industrial Production ends year on dismal note; down 2.3%YoY in March on back of Capital Goods contraction Mar industrial production — Industrial production contracted by 2.3% in March, higher than our (+0.1%) as well as consensus expectations (-0.7%); largely due to a surprise contraction in capital goods (-8.2%yoy). On a MoM seasonally adjusted basis [...]
Target price achieved: We had initiated Buy on TCI (Well integrated, dated 11 Dec 2008), with a target price of Rs51, providing an upside of 34.2%. The stock touched a high of Rs53 on 12 May 2009 and closed at Rs51. Rating changed to Hold: Our target price of Rs51 was based on a P/E [...]
G E Shipping’s (GES) stand-alone results for Q4FY09 were below expectations due to an impairment loss of Rs700mn. Net sales declined by 24% to Rs5.6bn on back of lower revenue days. OPM contracted 550bps YoY to 47.3% while expanding by 400bps sequentially. Adj. net profits dipped 67% to Rs1.1bn. Reduced tonnage and rates depress revenues [...]
Engineer India Ltd – Multibagger of the week ENGINEERS INDIA (EIL) provides engineering and related technical services to petroleum refineries and other industrial projects.Apart from engineering consultancy, EIL also undertakes lump-sum turnkey projects (LSTK). It mainly focuses on refineries and other petrochemical industries, which contribute almost 90% to its revenues. Despite its expertise in turnkey [...]
Forbes & Company (BSE Code 502865) 52 week high/low Rs 305.05/535.00 . Forbes & Company has three main businesses viz, engineering, shipping and logistics, and business automation. For 9MFYO9, the company recorded a drastic de-growth in both its topline as well as bottomline that recorded a loss of Rs 16.78 crore as compared to the [...]
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