Shiv-Vani Oil & Gas Exploration Services’ (Shiv-Vani) management’s tone was confident with regard to its possibility of winning new orders and achieve net profit target of Rs250 crore in FY2011, which is a year-on-year (y-o-y) increase of 23%. In view of the strong earnings growth visibility and the reasonable valuations of Shiv-Vani, we maintain our [...]
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 [...]
Ashish Chugh, Author of Hidden Gems is bullish on the prospects of Diamines and Chemicals and Satluj Jal Vidyut Nigam (SJVN). Chugh believes SLVN has the potential to gain about 25-30% over a period of five-six months. Q: Diamines and Chemicals, what is the story about? A: This is a small company based in Vadodra. [...]
The Aurangabad mall would be the first property under the company’s subsidiary Prozone (75% stake with Provogue India) to get operational and the same is seen as a re-rating trigger for the company’s stock since the value in the subsidiary is not getting reflected in the valuations of the stock currently. According to the management [...]
Ashok Leyland (ALL) reported a robust 56.4% y-o-y growth in total volumes to 7,480 units (4,784), led by strong sales in the M&HCV segment, which grew 58% y-o-y primarily due to the low base effect and recovery in the economic activity. The company’s exports have also been recovering since the last few months and registered [...]
McNally Bharat (MBE) declared its FY2010 consolidated results. Total sales stood at Rs1,806 crore, 11% below our estimate of Rs2,019cr. EBITDA margins came in line with our estimate of 8%. Total PAT for the year came in at Rs61cr as against our estimate of Rs75 crore (18% lower) mainly on account of lower sales, higher [...]
Mahindra & Mahindra Financial Services Ltd (MMFS) is a leading financier in the rural and semi-urban regions for automobiles. In the wake of healthy monsoon and improved agriculture growth, business growth outlook for MMFS appears highly positive. A buoyant rural economy will significantly boost advances growth. Moreover, we are of the view that MMFS’s strong [...]
TCS’s UK-based subsidiary Diligenta, which provides BPO services to the UK life and pension sectors, has won new contracts from the Phoenix Group and Old Mutual International. The new contract with the Phoenix Group is an extension by another six years till 2018. Both the Phoenix Group and Old Mutual International contracts are expected to [...]
Patels Airtemp’s Q1FY2011 results showed top line having increased by 8.2% y-o-y to Rs16.6 crore. Conventionally, the first quarter is a sluggish quarter. The operating profit margin (OPM) improved by 430 basis points y-o-y to 22.2% in Q1FY2011 from 17.9% in the corresponding quarter of last year. This was mainly due to increased manufacturing capacities, [...]
Bajaj Electricals has bagged three orders worth Rs408 crore in the engineering and procurement (E&P) division. The largest order is worth Rs324 crore for its transmission line towers (TLT) business, which is to be executed over the next two years. The second order is worth Rs61.5 crore for rural electrification in Chhindwara, Madhya Pradesh, which [...]
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