by admin on June 28, 2009
Target Price (Rs.) 212 Sector: Construction
52 week H/L (Rs.) 244 / 42.05
BSE Code 522263
NSE Code JMCPROJECT
Face Value (Rs.) 10
Market Cap (Rs. In Cr.) 296
JMC projects focuses on major construction segment with active presence in Industrial construction and infrastructure projects. JMC has strong expertise in urban infrastructure segment with ~55% of its order book comprising of Industrial and urban infrastructure construction projects. It has a long history of successful project execution in this domain. There is strong growth opportunity for companies engaged in power generation, transmission and distribution. JMC has strong presence in rural and urban water supply segments with ~30% of its order book concentrated on the infrastructure segment, comprising mainly of roads. With the kind of opportunity available in this segment, going forward, the company is expected to maintain its strong [click to continue…]
by admin on June 25, 2009
The Union Cabinet has appointed the Infosys Chief Nandan Nilekani as the Chairman of National Authority for Unique Identity. Minister for Information and Broadcasting Ambika Soni said the new authority will function under the planning commission, and Nilekani will be enjoying cabinet tatus. [click to continue…]
by admin on June 25, 2009
Delivery volumes for the engine maker were up five times to 4.65 lakh shares, although the stock price gained only about 7 per cent in the last fortnight. This gain was partly on account of robust results for FY09. Net sales was up by 33 per cent y-o-y to Rs 3,528 crore and net profit rose by 37 per cent to Rs 445 crore. Operating profit margins moved up 94 basis points to 15 per cent. Cummins India is the leader in diesel and gas engines for power generation in the industrial and automotive markets. Its products are used not only for [click to continue…]
by admin on June 25, 2009
Switzerland based Compagnie Financiere Michelin, group company of the world’s second-largest tyremaker Michelin, has sold 1.69 crore shares of Apollo Tyres, thus reducing its stake in the Indian company to 7.98 per cent or 4.03 crore shares. The French tyre manufacturer had in November 2003 acquired 14.9 per cent stake in Apollo as part of its plan to jointly sell bus and truck radial tyres.That plan did not materialise and Michelin entered the Indian market in September 2005 on its own. Apollo reported a 6 per cent growth in consolidated revenues for the full year ended March 2009. However, PAT at Rs 139 crore was down 48 per cent mainly due to higher interest costs. Interest costs [click to continue…]
by admin on June 25, 2009
The Indian markets have rocketed over the past three months, fueled mainly by investments from foreign institutional investors and domestic institutions.
From the October 2008 low of 7,697 points, the Sensex inched up to 8,160 points on March 9,2009, from where it has rocketed to 15,000. The result of the elections, better economic figures and an easing in the liquidity conditions, have all contributed to push the markets higher and faster.
While Fiis have been net buyers and domestic institutions (mainly mutual funds and insurance firms) have also put in a lot of money, surprisingly, private equity players have been offload ing their stakes in quite a few companies. Private equity players sold a whopping Rs 1,500 crore as the rally got going in March, according to data collated by SMC Capital Investments. They have pulled out about Rs 1,160 crore in the couple of months after that. Some of the companies in which private equity players held stakes and have sold this recently are Shriram Transport Finance,Yes Bank, HT Media and Lupin. [click to continue…]
by admin on June 25, 2009
Open offer for Satyam given the surge in the stock price. It will still get its additional 20 per cent at Rs 58 a share through a preferential allotment.The money stays with TechM even as it gains a controlling 51 per cent stake in Satyam. It’s a win-win situation,
TechM spent Rs 1,756 crore to acquire a 31 per cent stake in Satyam in April. That worked out to Rs 58 a share. According to analysts, TechM will have to pay about Rs 1,710 crore for the additional 20 per cent stake, It is a slightly costlier option compared to the open offer route, since the preferential allotment will lead to equity dilution. [click to continue…]
by admin on June 25, 2009
Buy Bombay Dyeing at 316, target: 327. Stoploss: 312
Buy Reliance communications at 302, target: 314. Stoploss: 299
by admin on June 25, 2009
Franklin India Mutual Fund Out Performed The Instant Period - June 24, 2009
Background: Franklin Templeton Assets Management (India) Pvt. Ltd. is a wholly owned subsidiary of Templeton International Inc. set up in February 1996. Franklin is one of the largest financial services groups in the world, based in California, USA. It has over 50 years experience in international investment management with offices in over 29 countries.
The fund house manages assets worth Rs 23617.96 crore at end of May 2009. Franklin India Bluechip Fund (G) is an open-ended growth scheme launched in October [click to continue…]
by admin on June 25, 2009
SBI Mutual Fund Declares Dividend For Various Debt Funds - June 24, 2009
SBI Mutual Fund has declared dividend under dividend option of SBI Debt Fund Series-13 Months-8, SBI Debt Fund Series-13 Months-9, SBI Debt Fund Series-13 Months-10, SBI Debt Fund Series-18 Months-3, SBI Debt Fund Series-370 Days-1 and SBI Debt Fund Series-370 Days-1. The dividend will be declared for both retail and institutional plans.
The fund house has decided to distribute the following amount of dividend on the record date of 29 June 2009 on face value of Rs 10 per unit: [click to continue…]
by admin on June 25, 2009
HDFC Mutual Fund Declares Dividend For FMP - June 24, 2009
HDFC Mutual Fund has announced 29 June 2009 as the record date for declaration of dividend under quarterly dividend normal and quarterly dividend option of retail and wholesale plan of HDFC FMP 370 D June 2008 (1) a fixed maturity plan under HDFC Fixed Maturity Plans-Series VIII. [click to continue…]
