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India Cements –Accumulate- Angel Securities

by free stock tips on March 11, 2010

in Broker tips

India Cements has raised $65 million via the qualified institutional placement (QIP) route, which we believe is primarily for the redemption of the $75 million of foreign currency convertible bond (FCCBs) due in May 2011.
The conversion price of the FCCBs is at Rs350, which is far above the company’s current market price. Thus the FCCBs [...]

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Mundra Port –Accumulate- Kotak Securities

by free stock tips on March 11, 2010

in Broker tips

Mundra Port & SEZ stock up sharply (47%) since our last buy recommendation at Rs.501. Port volumes are up 13.8% y-o-y in 9MFY10 to 29.8 MMT.
Increased SEZ sales could bring further upsides to our earning estimates We remain positive on long term growth prospects However, the stock is fairly valued at 32.6x FY11E EPS of [...]

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Reliance Infra –Sell- India Infoline

by free stock tips Broker tips

The stock hit a recent low of Rs950 in February 2010. Thereafter, it witnessed a rally to the current levels. The recent peak has proved to be major resistance for the stock as seen in the past.
Since February 2010 the stock has been trading along with the support of its short-term trendline. However, on Monday, [...]

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Orbit Corporation –Buy- Sharekhan

by free stock tips Broker tips

The management of Orbit Corporation had earlier indicated that the company would launch at least one project every quarter. The company had successfully done so for the last two quarters. In the last conference call after the announcement of the company’s Q3FY2010 results, the management had indicated the launch of five new projects and the [...]

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Nagarjuna Constructions –Accumulate- Angel Securities

by free stock tips Broker tips

Nagarjuna Construction (NCC) has secured orders aggregating to Rs1,221 crore. The work orders are spread across verticals of road construction, turnkey electrical works and building construction and are to be completed over a span of next 12-30months.
The order book of NCC stands at Rs16,600 crore or 3.5x its FY2010E revenues. At the CMP of Rs163, the [...]

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NMDC FPO – IPO Analysis, Updates, should you subscribe?

by free stock tips IPO

The 332,243,200 equity shares follow-on public offer of NMDC, a navratna public sector undertaking, opened for subscriptions today. The price band for the issue, which will close on March 12, 2010, has been fixed at Rs 300-350 per share.
The government has offered a discount of 5% to the offer price to retail individual bidders and [...]

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Won’t subscribe to National Mineral Development Corporation (NMDC) FPO: Sandeep Madan

by free stock tips IPO

The follow-on public offer of NMDC opened for subscriptions today. The offer comprises a net offer to the public of 330,500,000 equity shares of face value Re 1 each and a reservation of 1,743,200 equity shares for purchase by eligible employees. The offer will close on March 12, 2010. The price band for the issue [...]

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We don’t own 55% in Bank of Rajasthan: Tayal

by free stock tips Stock-News

The promoter of the private bank says he will consult experts and clear SEBI and RBI ‘misunderstandings’
Pravin Kumar Tayal, the promoter of Bank of Rajasthan Ltd (BoR), has denied any wrongdoing after the capital market watchdog turned up the regulatory heat on him by banning 100 entities it said were related to the bank’s founders. The [...]

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Nifty ends with modest gains; RIL, Hero Honda, HDFC lead

by free stock tips Nifty

The benchmark Nifty saw another lacklustre session of trade but consistently managed to hold the 5100 mark for third consecutive day. It was positive in first half of trade while turned extremely volatile in second half of trade. Heavyweight Reliance Industries (RIL) helped the index to remain positive throughout the session despite some small blips [...]

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Tata Consultancy Services (TCS) 600 mn Pound contract under fire in UK

by free stock tips Stock-News

British opposition says deal has been signed too close to the polls, pledges to review contract if it’s elected
With a general election due in June in the UK, a £600 million (Rs4,104 crore) contract the British government awarded last week to Tata Consultancy Services Ltd (TCS) has come in for political criticism in that country.
The [...]

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