The Indian stock market is expected to remain range-bound in 2011, a top broking firm official said today. "We expect Indian markets to remain range-bound in 2011. Downside is limited given the bedrock of steady earnings growth, but upside is capped given no valuation triggers," Motilal Oswal Financial Services , Joint Managing Director, Raamdeo Agrawal [...]
Godawari Power & Ispat (GPIL) is an integrated steel manufacturer and has presence in the long product segment of the steel industry. The company is set to benefit from its captive iron ore resources, backward integration initiatives and increased contribution from its power business going forward. Long-term investors can bet on this stock. GPIL, owned [...]
At Interview with ET Now with market ace Raamdeo Agrawal, MD, Motilal Oswal Financial Securities on the general direction the Indian markets might take & his sectoral bets across industries. Excerpts: Are you a bit surprised with the pace of the recovery? This week itself Indian markets have gained about 400 points plus on the [...]
Genus Power Infrastructure Ltd (GPIL)’s Q2FY2011 results were below our expectation on both revenue and profitability fronts. The net revenue of the company fell by 1.8% year-on-year (y-o-y) to Rs162.7 crore, which was much lower than our estimate of Rs199.6 crore. This was mainly due to the sluggish execution of projects in the project division [...]
Subros’ Q2FY2011 results were below our expectations on account of a much lower than expected margin during the quarter. For Q2FY2011 the company reported a total income of Rs278.7 crore (in line with our expectation of Rs273 crore), indicating a growth of 27.6% year-on-year (y-o-y). The top line was primarily boosted by a volume growth [...]
Provogue India (Provogue)’s subsidiary, Prozone Enterprise Pvt Ltd (Prozone), has signed a restructured deal with Triangle Real Estate India Fund (Triangle) for a 35% stake in three of the former’s project special purpose vehicles (SPVs), viz Aurangabad, Nagpur and Coimbatore, for Rs306 crore, leading to a post-money valuation of these three SPVs at Rs865 crore. [...]
HCL Technologies (HCL Tech) has signed its first $100 million contract in the country for implementing smart grid solutions in the power sector. Smart grids are part of the company’s newly formed Ecosystem and Business Incubation Initiative, under which it will incubate five ideas in different technologies. A smart grid uses a two-way digital technology [...]
Rajesh Jain, Market Strategist, in a chat with ET Now talks about Educomp. Educomp, what do you make of this? The numbers came out, adjusted for extraordinaries, they were fairly okay but nothing to warrant such a move? The market is looking for new ideas to seek outperformance, particularly the institutional and the portfolio management [...]
Aviation as a story FIIs looking bullish on this particular space, are you too or do you think that is probably some more downside left? Jitendra Sriram: We are quite positive on the space, there are two factors on this, one is clearly that if you look at the financials and numbers that are coming [...]
Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now talks about telecom space and SKS Microfinance. Some of the movers in today’s session, MTNL and TTML on the charts aside of SKS Microfinance also which has got a thumping. The telecoms were looking quite poor until yesterday, let’s say for the last 2 or [...]
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