Bharti Airtel’s consolidated revenue was 1% higher, but EBITDA/EBIT (down 5.6%/11.4% q-o-q) came in 1.6%/4.4% lower vs. our estimates. Revenue surprise would have been meaningful (approximately 2.4%), but for the prepaid ban in J&K circle (now lifted) and impact of IMEI related SIM deactivations. net income (down approx 5% q-o-q) still came in 1% higher, [...]
Reliance Infratel, the tower arm of Reliance Communication on Thursday received an approval from the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) to raise money for its tower business. The company has received the approval to raise about Rs 5,000 crore through an IPO to increase its current tally [...]
Though we expect growth in the exploration and production (E&P) segment to continue in coming quarters and refining performance to improve on rising throughput and stabilizing margins, petrochemicals might under-perform given rising West Asian (Mid-East) capacities. Reliance Industries Limited (RIL) With D6 volume now averaging 60m cmd, we expect RIL to meet our full year [...]
Syncom Healthcare Syncom Healthcare Limited is coming with a 100% book building; initial public offering (IPO) of 75,00,000 shares. The equity shares of Rs 10 each are being offered in a price band of Rs 65-75 per equity share. At least 50% of the issue will be allocated to Qualified Institutional Buyers (QIB), including the [...]
Aqua Logistics, a logistics and supply-chain company with domain expertise in pharma, automotives, power, retail, heavy engineering, telecom and sports and events is coming with an initial public offer (IPO). The company plans to garner up to Rs 150 crore from the issue and has fixed its price-band between Rs 220-230 per equity share. A [...]
Dear Readers, We are running this blog since April 2007 just for Indian Stock Market Lovers and till now we are used to share Free Indian Stock Market Tips with you. You can also subscribe free tips stock market tips by email for free. Now I am planning to add few more vertical related to Stock Market like [...]
Millennium Cybertech was incorporated on September 4, 1986 as a public company under the Companies Act, 1956 in the name of Mercury Leasing & Properties with the Registrar of Companies, West Bengal at Calcutta. The company obtained certificate of commencement of business on September 18, 1986 and subsequently changed its name to Brahma Capital & [...]
Exide Industries, India’s largest Auto Battery manufacturer, clocked a 15.9% y-o-y growth in net sales to Rs912.9 crore for 3QFY2010, which was marginally lower than our estimate of Rs961 crore. The growth was aided by around 13% y-o-y growth in volumes. The company’s bottom-line growth at 132.3% y-o-y to Rs130.5 crore came in above our [...]
Shyam Telecom is a leading global telecom equipment manufacturer supplying innovative indoor and outdoor wireless signal enhancement solutions to more than 100 networks in five continents. The company designs and manufactures cost effective RF repeaters, optical distributed antenna solutions, IP cellular backhaul systems and signal enhancement accessories that enable mobile operators, real estate developers, neutral-host [...]
Punj Lloyd (Punj) is a globally diversified infrastructure conglomerate providing engineering, procurement and construction services in the oil and gas, petrochemical and infrastructure sectors. Punj has won an order amounting to Rs947 crore, relating to the partial execution of Balance of Plant (BoP) and civil works relating to a 2x350MW thermal power project by Ind-Barath [...]
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