CRISIL has assigned a CRISIL IPO Grade ’4/5′ to the proposed initial public offer (IPO) of Ashoka Buildcon. This grade indicates that the fundamentals of the IPO are above average relative to the other listed equity securities in India. However, this grade is not an opinion on whether the issue price is appropriate in relation [...]
Shriram Transport Finance (SHTF) is all set to capitalize on the revival in demand for new/pre-owned CVs over the next three years. Recently launched fee-based initiatives will fortify the company’s position in its core business while higher securitisation and tighter control on operating expenses will help maintain RoE at ~28-30%. We are increasing our PAT [...]
Unity Infraprojects (Unity) has raised Rs73 crore by private placement of 14.5 lakh shares with qualified institutional buyers at the price of Rs506 per share. The proceeds from the qualified institutional placement (QIP) is expected to be utilised by the company to partly fund its capital expenditure (capex) and to meet its working capital requirement. [...]
An improving macro-environment, differentiated business offerings and a revival in outlook of key business segments will lead volume growth back in FY11E for Infotech Enterprises (IEL). Revenues for IEL showed an improving trend in Q2FY10 (up 2% q-o-q), after two quarters of flat performance. While business volumes were flattish q-o-q; cross currency benefits impacted revenues [...]
Japan’s biggest mobile phone operator, NTT DOCOMO, which bought a 26 per cent stake in Tata Teleservices for Rs 13,070 crore (Rs 130.7 billion) a year ago, has an agreement with Tata Sons to sell the stake if the company does not meet certain performance parameters by March 31, 2014. In its annual report for [...]
After their flight last year, foreign institutional investors (FII) flocked back to bet on the India growth story by pouring in a record over Rs 80,000 crore (Rs 800 billion) in domestic equities in 2009. The FII investment of Rs 80,500 crore (Rs 805 billion) in 2009 is the highest ever inflow in the country [...]
3I Infotech Prices of this counter skyrocketed subsequent to its March 2009 low of 25. Stock raced higher and touched high of 95 in June, generating decent return for its value investors in a short span of three-months. Bears hit back at 95 levels and dragged prices lower, but 40-week EMA proved to be a [...]
Titagarh Wagons A “shooting-star” during first week of July 2009 halted the rise in this counter. Prices opened gap down the subsequent week, with bears driving prices further south. Decline stopped around 275 levels during August 2008 with prices thereafter moving in a narrow band of 275 to 340 for next few months. As is [...]
HCL Technologies Ltd has informed BSE that the Employees Stock Option Allotment Committee of the Company has on December 21, 2009 allotted 3,96,156 Equity Shares of Rs. 2/- each, under the 1999, 2000 and 2004 Stock Option Plans of the Company. Consequent to the said allotment the paid-up share capital of the Company has gone [...]
REI AGRO Limited This counter staged a turnaround during April 2009 with a long-bullish candle signaling renewed buying enthusiasm. Prices slipped into side-ways movement for next few weeks but positive sentiments prevailing in the counter helped longs scale higher grounds. The psychological level of 100 proved to be a resistance with stock sliding lower from [...]
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