Archive for February, 2010
Why companies go public through IPO?
Usually it is not possible to buy shares in a private company. A potential investor can approach the owners, but they’re not obliged to sell any shares. However, public companies sell at least a portion of themselves to the public and they also trade on stock exchanges. Public companies have thousands of shareholders and are [...]
Buy Recommendation – Elgi Equipments
Revival in capex in the domestic market, manufacturing /trading presence in high potential developing markets such as China and Brazil and a strong cash position that allows scouting for acquisitions in new markets are factors that favour earnings growth for the company over the medium term.
At the current market price of Rs 80, Elgi’s stock [...]
Buy Recommendation – IndusInd Bank
One of the turnaround stories in the banking industry, IndusInd Bank continues to be a good investment opportunity for investors with a penchant for risk. The return on equity (ROE) of the bank is expected to be improved from 10 per cent in 2008-09 to 17.5 per cent this fiscal, helped by improved net interest [...]
Buy Recommendation – Piramal Healthcare
Investors with a long-term perspective can consider accumulating the stock of Piramal Healthcare, company with a strong presence in the domestic pharmaceutical market, established relationships with several global pharma majors, and its firming hold over the high-margin inhalation anesthetics space. Valuations too appear reasonable. At current market price of Rs 397, the stock discounts its [...]
Who is qualified institutional buyer (QIBs)?
QIBs are those institutional investors who are perceived to possess expertise and the financial strength to evaluate and invest in the capital markets. A QIB is defined as -
a. Public financial institution as defined in section 4A of The Companies Act, 1956;
b. Scheduled commercial banks;
c. Mutual funds;
d. Foreign institutional investor registered with Sebi;
e. Multilateral and [...]
Dalal Street Hot Chips Buy Calls: Tata Power
TATA POWER
BSE Code: 500400
CMP: 1258.90
Investment: Short term to Medium term
Considering its importance in the economic progress of the country. The sector is likely to get special treatment as seen in the earlier budgets with increased budgetary allocations. With the thrust on building infrastructure the government in the upcoming budget is likely to provide some more [...]
Dalal Street Hot Chips Buy Calls: JUBILANT ORGANOSYS
JUBILANT ORGANOSYS
BSE Code: 530019
CMP: 320.20
Investment: Short to Medium Term
The industry leaders in the have presented their wish lists to the Ministry of Finance. With the previous budget being neutral on the pharmaceutical industry, there is a buzz that the ministry may have something to offer in this budget. There is, in fact, strong speculation that [...]
