RBI Raises Interests Rates in India
Tuesday, October 31, 2006
The Indian centarl Bank, RBI, just a while ago has raised the Reverse Repo Rate by 25 bps. This is likely to have a direct impact on Real Estate as well as Equity Market lending. Banks. who have been aggressive in the market are likely to be hit in the short term.
Published by DalalStreet Business @ 10:53 PM
BSE India goes local in Hindi
Monday, October 30, 2006
We finally notice that Indians have realized the value of vernacular localization after MSN by developing the Mumbai Stock Exchange's website in Hindi. You can visit the website here. MSN has Kannada, Tamil and Telugu versions of their portal for Indians. When will DalalStreet.Biz go in Hindi ;-)
Published by DalalStreet Business @ 8:19 PM
Prabhudas Liladhar Maintains a BUY on Satyam
Saturday, October 28, 2006
Mumbai based broking and research firm, PrabhuDas Liladhar has reiterated its BUY rating on Satyam Computers Limited. They have set a target price of Rs505. The full report can be accessed here.[PDF] I am not very BULLISH on Satyam. Why ? They don't seem to be consistent in their earnings growth which has disappointed lot of fund managers. Read On...
Tags: Invest India, Dalal Street
Published by DalalStreet Business @ 11:15 PM
Indian Real Estate Stocks are Overvalued. - Samir Arora
Friday, October 27, 2006
Samir Arora the infamous fund manager of Alliance Capital Limited during the Dot Com Boom who is now a Singapore based FII said to CNBC TV 18 that the Indian Real Estate Stocks are overvalued.
He also said that Indian market looked over valued because of the fundamental flaw in how the SENSEX stocks are chosen. Sensex only has the high growth and market value stocks, which always trade at higher PE multiple and hence it looks for an outsider that Indian stock market is over valued. However, if you exclude those stocks, then other Indian stocks are available at the same PE multiple as their peers in China, Russia and Brazil.
Published by DalalStreet Business @ 3:25 PM
HDFC's reverse merge with HDFC Bank
Thursday, October 26, 2006
Their are rumors again on the street that HDFC is planning to merge itself HDFC Bank Limited. HDFC Bank stock has moved up considerably since the June market crash while HDFC Limited has been a market performer. This may imply that HDFC Bank shareholders are likely to benefit from the merger. HDFC has rejected any such move but in the Diwali Special of Samavat interview with Ramesh Damani, Rakesh Jhunjhunwala and Shankar Sharma, Mr. Jhunjhunwala was of the opinion that HDFC Bank Limited is a great stock to have in one portfolio.
Published by DalalStreet Business @ 1:02 AM
Citi and Reliance to launch Retail brokerage and Investments in India
Thursday, October 19, 2006
Close on the heels of Reliance ADAG launching retail brokerage and investment advisory services in India under the brand Reliance Money and not RTrade as publicized, Citigroup also made public about their plans to start the same operations in India.
Reliance Money is Reliance ADAG's brand under which you can trade on BSE, NSE or in Commodities market. Reliance Money is targeting from beginners to advanced level users. Check out their website, RelianceMoney.Com
Citigroup in the USA has retail investment and advisory services under the brand name CitiTrade.Tags: RTrade, Reliance Capital , Reliance Money , India Online Trading
Published by DalalStreet Business @ 3:34 PM
TCS Q2 Profits up 15.41% QoQ beats CLSA expectations
Monday, October 16, 2006
Tata Consultancy Services, profits for the second quarter ended Sept-30-2006 was at Rs1,019 crores, up 15.4% QoQ and 42.4% YoY. Half yearly profits is at Rs1,728 crores. TCS has beaten the CLSA expectations of Rs911.6 crores profit for Q2.Revenues for the second quarter was just short of $1 Billion at $978 Million or Rs4,495 crores.
TCS Half Yearly EPS is at 17.66 non annualised.
Published by DalalStreet Business @ 8:24 PM
Bulls Eye, ET Investor's Guide Monday 16-OCT-2006
According to Bull's Eye Recommendations from ET OCT-16, Emkay Share is bullish on Tech Mahindra Limited and has put a 12 months price target of Rs852 with the company expected to grow at CAGR of 37% in the next 18 months.
ShareKhan has a BUY recommendation on South East Asia Marine Engg with a price target of Rs270. CMP is Rs207.
Merill Lynch has turned bearish on Hindustan Lever Limited and has put a SELL recommendation without any price target. Main concern being the high PE at which HLL is quoting 35XDec-2006 earnings and 30XDec-2007 earnings which is not justified to its projected growth rates.
Published by DalalStreet Business @ 9:38 AM
Crompton Greaves Bonus Issue
Saturday, October 14, 2006
Crompton Greaves recommended issue of Bonus shares in the proportion of 2 new equity shares for every 5 equity shares, of Rs 2/- each, subject to approval of members in General Meeting and the Regulatory Authorities, as necessary.
The Extra Ordinary General Meeting of the Company, to seek members approval has been convened on November 23, 2006.
Published by DalalStreet Business @ 6:12 PM
Dot Com Days are Back with Infosys - Results at a Glance.
Wednesday, October 11, 2006
Infosys announced its second quarter results for FY-2007.Q2 revenues sequentially up by 14.5% QoQ. Total revenues expected to cross $3 Billion in fiscal 2007. Guidance revised upwards. Company to grow at 45%.
The company reported revenues of Rs3,451 crores and a net profit of Rs930 crores for the second quarter ending Sept-30-2006.
Indian Stocks, Infosys Results , Indian Q2 Earnings , Dalal Street
Published by DalalStreet Business @ 9:59 AM
Sintex Industries Limited, manufacturers of storage tanks have came out with excellent Q2 results. Sales increased by 50% from 178 crores to 254 crores year over year from sep 2005 to 2006. Net profit increased by 90% comparing Q2 2006 to Q2 2007. Sintex Industries Q2 consolidated net profit is at Rs 30.9 crore.
FII, Warburg Pincus holds significant investment in Sintex Industries Limited. They first invested in February-2005.
Published by DalalStreet Business @ 1:36 AM
