In an interview with ET Now, Vikas Khemani, Executive Vice President & Head – Institutional Equities, Edelweiss Securities , talks about companies holding good promising future in next couple of years. Tell us a bit of about your conference and which are the companies you are planning to showcase? We have just released our mid-cap [...]
Gabriel India Ltd is the flagship company of the Anand group, a leading manufacturer and supplier of automotive components and systems in India. It was promoted in technical and financial collaboration with Gabriel Company, US (20.81% stake). The company enjoys a leadership position in the market and is a leading manufacturer of Ride control products [...]
Recommendation: Buy Market Price: Rs 153.90 Target Price: Rs 200 The company is a key beneficiary of the upturn in agri-commodity prices, wirth a strong and well-diversified product profile. Benefits of restructuring and integration of acquired entities will lead to a CAGR of 23% in net profits over FY10-12 period. The stock is available at [...]
Recommendation: Buy Market Price: Rs 62.55 Target Price: Rs 116 Magma Corp is a niche player in the vehicle and equipment financing business in the rural and semi-urban areas. Superior asset quality and strong collection efficiency reflects the company’s clean asset book. The company has a unique business model, available at attractive valuations of less [...]
Meghmani Organics Limited engages in the manufacture and sale of pigments and agrochemicals worldwide. It operates in two divisions, Pigment and Agro Chemicals. The Pigment division manufactures and distributes phthalocynine green, copper phthalocynine blue etc. Its pigment products are used in various applications, including printing inks, plastics etc. By looking at attached weekly chart of [...]
We had recommended this counter as a buy in our May 2010 letter at 158 levels and on dips towards 140-30 for target 290 / 342 / 386. Looking at the chart we find that prices after several failed attempts to breakout from a primary accumulation pattern at 165-70 levels (orange line), collapsed sharply during [...]
RCF is one of the leading producers of Fertilizers in India and was incorporated in 1978 with the reorganization of the erstwhile Fertilizer Corporation of India. Looking at the highertime frame chart we find that prices since Feb 10 have been undergoing some good accumulation, forming a pattern along the way. Tracing back a bit [...]
Finolex Industries Ltd is one of the leading petrochemical companies in India, mainly engaged in the business of manufacturing and marketing PVC Resin and PVC pipes and fittings. The company offers a wide range of PVC pipes and fittings for diverse applications in agriculture, housing, telecom, industry, ..etc. It also manufactures specialty pipes and fittings, [...]
West Coast Paper Mills Ltd (WCPM) is the flagship company of Kolkata based S K Bangur group, which also owns Rama Newsprint & Papers Ltd. The company is primarily engaged in manufacturing paper and pulp. Its products include various kinds of paper such as printing, writing and wrapping paper. It also supplies paper for industrial [...]
JMC Projects is a construction and engineering major having expertise in varied segments such as roads, bridges, power, industrial construction and housing and commercial construction. A healthy order-book, tie-ups with bigger companies for better projects, repeat orders from clients, kick-off into build-own-operate projects are factors that boost the prospects of this company. Increased infrastructure spending [...]
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Budget 2012: Income tax exemption limit raised to Rs 2 lakh
Giving some relief to tax payers, finance minister Pranab Mukherjee today proposed raising the income tax exemption limit for individuals to Rs 2 lakh per annum from Rs 1.80 lakh. Unveiling the Budget proposals for 2012-13 in the Lok Sabha, he also increased the limit to Rs 10 lakh under the 20 per cent tax [...]
Budget 2012: MPs want IT exemption limit hiked to Rs 5 lakh #Budget2012
Ahead of the Budget, some members of a Parliamentary panel scrutinising the Direct Taxes Code (DTC) Bill today pressed for raising the income tax exemption limit to Rs 5 lakh per annum. The Standing Committee on Finance, which met under the chairmanship of senior BJP leader Yashwant Sinha, has decided to finalise its report by [...]
Economiv Survey says India set to step off agony path
No Economic Survey in recent memory has talked of the “imperative” of building up foreign exchange reserves to prepare to deal with external shocks. With forex reserves at over $300 billion, that’s hardly surprising. Yet, the Survey presented by the finance ministry on Thursday has signalled caution. The warning is in keeping with the overall [...]
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