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Prabhudas Lilladher

Bharati Shipyard (BHSL) reported revenues of Rs3,231 million, growth of 13.6% on a y-o-y basis. However, the revenues are flat sequentially; this was in-line with our expectations. The company’s order book stands at Rs2,490 crore at the end of FY10 which translates to order book/sales of 1.4xFY11. One of BHSL’s order, received from a German company [...]

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Shriram Transport Finance Corporation (STFC), which already has Rs25 billion of construction equipment based assets, is looking at this segment as a strong additional growth driver. It has formed a 100% subsidiary for the same and expects its book size to reach Rs75 billion in about three years. It’s lending model will be about 50:50 [...]

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Infosys –Buy- Prabhudas Lilladher

by free stock tips Broker tips

The Infosys management was optimistic about the improved demand environment. We believe that Infosys would continue to outperform its peers in the improved demand environment. According to the management, IT budget is expected to be flat with a positive bias. The management, though, was positively surprised by the final outcome of the IT budget since [...]

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JSW Energy IPO should you invest? Check Brokers View

by free stock tips IPO

The initial public offering (IPO) of JSW Energy, a part of Sajjan Jindal-led JSW Group, has been fully subscribed on the first day of the issue opening. The issue is of Rs 2,700 crore. The price band is between Rs 100 and Rs 115 per equity share and the issue will close on December 9, [...]

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