STOCKS


Ravi Samalad 03 August 2010
Its post-issue equity dilution PE works out to 10.80 (at the upper band) and 9.82 (at the lower band) based on the EPS of FY10, while industry average PE is 16.70 Mumbai-based Prakash Steelage Ltd (PSL), a manufacturer of seamless & welded stainless steel pipes, tubes and U-tubes, hits the...

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Ravi Samalad 02 August 2010
Its competitors have a PE between 22.80-42.90, while Bajaj’s PE works out to 22-23 on a post-issue EPS basis Hair-oil producer Bajaj Corp Ltd is entering the capital markets with its initial public offering (IPO) to raise Rs283.50 crore-Rs297 crore through a 100% book-building issue. Bajaj...

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Moneylife Digital Team 30 July 2010
Since the second innings of the UPA regime — while the Sensex has gained 26% — RIL shares, which have the highest weight in the index, have fallen 15% Over the past 14 months, the BSE Sensex and almost all growth stocks in the index, except a few, have shown large gains. Notable among the...

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Contract manufacturing of drugs on a large scale is a rewarding business Ankur Drugs & Pharma (ADPL) does contract manufacturing for leading domestic companies and multinational companies. Two of them are in Baddi (Himachal Pradesh) and one in Daman. The manufacturing capacity at Baddi is large...

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  Supreme Infrastructure is a construction company available cheap Supreme Infrastructure is a construction company which makes buildings, roads, highways, bridges, flyovers, irrigation canals, sewage systems, etc. It started with executing orders of Mumbai’s municipal corporation and the...

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Shree Renuka is a sugar company with a difference Shree Renuka Sugars is unlike any other sugar company. It is run professionally in a sector dominated by politicians and lalas. This has allowed Renuka to expand far and wide. It has the largest sugar-refining capacity of 4,000 tonnes per day...

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Moneylife Digital Team 28 July 2010
The surveillance mechanisms in both exchanges and with SEBI failed to catch the massive price fluctuation; the phenomenal gap in high prices on the BSE and NSE in a heavily-traded scrip shows how imperfect the Indian market is Today morning witnessed an unusual listing on the country\'s leading...

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Moneylife Digital Team 28 July 2010
An IPO multiple of 50 reminds one of the era of tech bubble. Plus, there are other issues like commitment of the top management, high remuneration paid to top executives, geographical concentration of business and mismatch in its assets and liabilities The much talked about initial public...

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Moneylife Digital Team 16 July 2010
Over the past week, the ML Real Estate Index has shot up by 7%. Analysts attribute mixed reasons for this upward movement. Talks on the relaxation of FDI norms, coupled with realty stocks being laggards in the recent rally, may have led to this speculative up-move Big real-estate players like...

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From delisting to potential restructuring, investors are betting on a variety of triggers for the stock to rally A host of hopes such as delisting, settlement with the government, quicker turnaround of its South African business (Neotel), potential restructuring of Tata Group's telecom...

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Birla Corporation had rewarded handsomely earlier. Worth looking at it again In our quest to discover reasonably valued stocks that have a strong growth momentum, we suggest considering Birla Corporation, a stock that we have analysed before and one that has rewarded our readers handsomely....

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Venus Remedies is cheap but not growing fast as yet This is not yet a growth stock and demands patience. Venus Remedies makes anti-infective, oncology, cardiovascular and neurology products from its manufacturing facilities in Panchkula and Baddi (India), and Werne (Germany). In Panchkula,...

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High expectations are built around Cairn’s performance next year Cairn India is a complete contrast to Venus. It is not a value stock; it is a growth stock. It is growing fast and is expensive. Cairn India is in oil what Reliance Industries is in gas. While Reliance has huge gas fields which...

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In an environment of herd mentality, it is refreshing to see completely different viewpoints on Sesa Goa Ltd from two respected brokerages. CLSA is incredibly bearish and IDFC very bullish. Where could the stock be headed? A very negative environment in iron-ore pricing (after China's removal...

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Moneylife Digital Team 06 July 2010
The IPO received just 1.83 lakh bids from the total reserved quota of 1.38 crore shares on offer Hindustan Media Ventures (HMVL), the publisher of Hindi daily ‘Hindustan’ has received a dismal response for its initial public offer (IPO) on day two of the issue. The retail quota received...

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Moneylife Digital Team 02 July 2010
Its bigger competitors Jagran Prakashan and DB Corp are trading at higher prices Hindustan Media Ventures Ltd (HMVL), the publisher of Hindi daily ‘Hindustan’, is coming out with an initial public offer (IPO) on 5 July 2010. The company has fixed the price band at Rs162-Rs175 per share and...

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Same stock, same day, same broker. One call is buy,  while another is sell! Brokerage houses in India can be trusted to make disastrous calls and recommendations on markets. What if someone advises you to buy and sell the same scrip at the same time? This dubious distinction was achieved by...

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Banswara Syntex is growing fast and is available cheap Even when the market valuations of many fancy and large-cap stocks are running high, there are some that are still available at reasonable valuations. One such company is Banswara Syntex. We have suggested looking at Banswara earlier...

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Oil Country Tubular runs a high-margin business Oil Country Tubular (OCTL) makes tubular goods used in the oil drilling and exploration industry such as drill pipes, casing pipes and production tubing. It also manufactures oilfield accessories such as rotary subs, lift plugs and lift subs,...

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