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  • Indian bull markets: Eastern Financiers

    2nd August, 2008 15:04

    Eastern Financiers has come out with report on Indian capital markets. Report highlighted about Indian bull markets, factors that could affect markets, valuation o

  • India Inc, VCs cash in on alternate energy biz

    2nd August, 2008 14:16

    Crude volatility seems to be here to stay. The fact that oil is a finite resource is becoming more and more evident. India is tapping into a billion dollar busines

  • M&A activity losing steam in India: Study 

    2nd August, 2008 13:23

    The mergers and acquisitions (M&A) activity by India Inc seems to be running out of steam. According to a study, M&A deals have declined by nearly 60% in the first

  • Mastek launches Brand Identity with ‘Prism logo’

    2nd August, 2008 13:16

    Mastek Ltd, a leading IT solutions player with global operations in providing new technology and IP-led enterprise solutions to insurance, government and financial

  • Lenovo unveils IdeaPad Y710

    2nd August, 2008 13:09

    Lenovo today announced the launch of the IdeaPad Y710 notebook PC, a multimedia powerhouse, in India. The IdeaPad Y710, equipped with a 17 inch monitor, brings to

  • Buy ICICI Bank; tgt Rs 1300: Emkay

    2nd August, 2008 12:57

    The stock is currently quoting at 15.6x FY10E FDPER and 1.5x FY10E ABV. Although, we believe that there are a lot of concerns of the standalone operations of the b

  • Buy HCC; tgt Rs 125: Emkay

    2nd August, 2008 12:50

    The stock is currently trading at 13.1x FY09E EPS of Rs 4.3 and 8.5x FY10E EPS of Rs 6.8 (adjusting for value of non-contracting businesses). We value the construc

  • Buy GNFC; tgt Rs 144: Emkay

    2nd August, 2008 12:43

    We expect GNFC to report net revenues of Rs 25.3 billion in FY09E and Rs 27.0 billion in FY10E and PAT of Rs 2.8 billion in FY09E and Rs 3.2 billion in FY10E. Adju

  • Ultra Group forays into manufacturing of Soft Toys

    2nd August, 2008 12:37

    Ultra Merchandise & Retails Ltd, a part of Ultra Group - India's leading family entertainment major, has announced its forays into manufacturing of soft toys. The

  • Buy DLF; tgt Rs 672: Emkay

    2nd August, 2008 12:30

    We expect the company to report revenue of Rs 206.4 billion in FY09 and Rs 312.9 billion in FY10. Net profit for FY09 and FY10 is estimated to be Rs 104.5 billion

  • MCX to re-file for IPO

    2nd August, 2008 12:26

    MCX is going to re-file for initial public offering, IPO. The company had deferred IPO on adverse market conditions, reports CNBC-TV18 quoting NW18.

  • Buy Deepak Fertilizers; tgt Rs 123: Emkay

    2nd August, 2008 12:22

    We expect Deepak Fertiliser to report net revenues of Rs 11.6 billion and PAT of Rs 1.1 billion in FY09E and net revenues of Rs 12.1 billion and PAT of Rs 1.2 bill

  • Raj TV uses Rs 25.06 cr of IPO proceeds

    2nd August, 2008 12:14

    Raj Television Network has informed that against the total projected utilisation of Rs 52.81 crore up to June 30, 2008, from the IPO funds, Rs 25.06 crore has been

  • Sun Microsystems announces 'Technovate 2008'

    2nd August, 2008 12:10

    Sun Microsystems today announced details for its prestigious annual IT event “Technovate 2008”. The two-day forum exclusively for the CXOs will be held in Mumbai o

  • Emami's most expensive Ad campaign for Himani Fast Relief

    2nd August, 2008 11:57

    Emami Limited, one of the fastest growing FMCG Company, today announced it’s most expensive advertising campaign for the Power Brand – Himani Fast Relief. The 60 s

  • Is Deepak Parekh looking to retire as Chairman of HDFC? 

    2nd August, 2008 15:00

    Is Deepak Parekh looking to retire as Chairman of HDFC? This is a bit speculative and we are drawing this inference based on two facts. There is some factual groun

  • Will Nifty break past resistance or peg back? 

    2nd August, 2008 13:32

    We are now close to those levels of 4,500-4,550 from where we turned last time around. So, the big question as we open next week is whether there will be overhead

  • Buy Kalindee Rail Nirman; tgt Rs 324: Emkay

    2nd August, 2008 13:20

    We believe that fundamentals of the company remains intact and capex in Indian railways to continue in long term. However we are revising our price target downward

  • Buy Jyoti Structures; tgt Rs 167: Emkay

    2nd August, 2008 13:13

    After taking into account the earning downgrades and PE contraction, we maintain our BUY recommendation on the scrip with downgraded target price of Rs 167 (from R

  • Buy IVRCL Infra; tgt Rs 473: Emkay

    2nd August, 2008 13:04

    The stock is currently trading at 11.2x FY09E EPS of Rs 16.9 and 7.9x FY10E EPS of Rs 24.1 (adjusting for the value of non-contracting business). We value the stoc

  • Meet the galaxy’s coolest spy, on PSP™

    2nd August, 2008 12:57

    This monsoon Clank goes undercover in his first assignment as Secret Agent Clank™ a new PSP™ (PlayStation®Portable) game from the much-loved Ratchet & Clank™ PlayS

  • GIGABYTE unleashes EP43-DS3L Motherboard

    2nd August, 2008 12:47

    GIGABYTE UNITED INC., a leading manufacturer of motherboards and graphics cards announced the launch of the highly anticipated EP43-DS3L motherboards.

  • Buy Exide Ind; tgt Rs 88: Emkay

    2nd August, 2008 12:37

    We are quite optimistic about Exide's future revenue growth. The stock is currently trading at 18.4x FY09E EPS of Rs 3.7 and 14.2x FY10E EPS of Rs 4.8 on a stand a

  • Radiant Systems seeks SEBI nod for IPO

    2nd August, 2008 12:31

    Bangalore-based information technology solutions provider, Radiant Info Systems Ltd, has sought the approval of Securities and Exchange Board of India for its 6.51

  • Weak economy to raise downgrade pressure, Article says

    2nd August, 2008 12:29

    Slowing economic conditions and stress in capital markets have put pressure on earnings and raised the credit risk of the members in the S&P 500 index, according t

  • BSNL union plans strike over IPO

    2nd August, 2008 12:24

    The employees union of Bharat Sanchar Nigam Ltd has decided to go on an indefinite strike if the Government goes ahead with its plan to list the company’s shares o

  • Bajaj Monthly sales figures July 08

    2nd August, 2008 12:20

    Bajaj Monthly sales figures July 08. Bajaj to launch two 125cc + Motorcycles this quarter

  • Buy Ashok Leyland; tgt Rs 38: Emkay

    2nd August, 2008 12:12

    We have revised our FY09 and FY10 EPS estimates by 9% and 6% to Rs 3.7 and Rs 4.2 respectively. We have revised our target price to Rs 38. At Rs 38, the stock woul

  • Reduce Ambuja Cements; tgt Rs 84: Emkay

    2nd August, 2008 12:05

    At current levels ACL’s valuation at 12X its CY2008 earnings and EV/Ton of USD 145 for its CY2008 capacity, looks fully valued keeping in mind significant capacity

  • Sell ABG Shipyard; tgt Rs 463: Emkay

    2nd August, 2008 11:57

    Post our initiating coverage with ‘SELL’ rating, ABGS has corrected by 43% (v/s our expectation of 25% fall). ABGS is currently trading at 23% discount to DCF fair

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