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Showing posts from March 29, 2009

ASIAS 200 UNDER BEST A BULLION 2008

Name Country Sales (US $mil) Net Income (US $mil) Market Value (US $mil) Industry Ashapura Minechem India 293 30 214 processor of bentonite, bauxite and other minerals Blue Dart Express India 206 18 352 air and ground transportation of time sensitive packages Blue Star India 547 43 861 air-conditioning machines and refrigeration equipment Brigade Enterprises India 122 25 338 development of hospitality properties in South India Cords Cable Industries India 21 2 16 industrial tension and power cables Divi's Laboratories India 257 87 2,283 pharmaceutical ingredients Eclerx Services India 30 11 87 data analytics and outsourcing services Educomp Solutions India 71 18 1,490 new media in-classroom education services Geodesic Information Systems India 79 37 376 provides publishers with communications platforms Glenmark Pharmaceuticals India 493 157 3,888 asthma- and diabetes-related pharmaceutical discovery Jain Irrigation Systems India 283 19 611 sprinkler irrigation and solar energy sys

Value picks

Vishal Chhabria / Mumbai March 30, 2009, 0:58 IST A tough economic environment and consequent price decline offer an opportunity to buy stocks with reasonable growth prospects at cheaper valuations. The downturn in economic and corporate growth, both on the domestic front and globally, has led to a sharp decline in stock prices across the board in the last one year. Thanks to the capitulation and weak sentiments in the markets, many stocks are quoting below their respective book values or intrinsic worth. Although business prospects have deteriorated to an extent, the impact is unlikely to weaken the underlying strengths of these companies. In such cases, while the downside is typically limited, there also tends to be a buying opportunity. Because good companies are capable of delivering decent performance even under tough conditions, they would be the first to bounce back when things look up. In a bid to identify such companies, The

Kalpataru Power Transmission bagging an overseas order rs 400 crores

Kalpataru Power Transmission jumped 4.35% to Rs 333.45 at 14:32 IST on BSE, on bagging an overseas orders worth Rs 400 crore. The company announced the new order win during trading hours today, 31 March 2009. Meanwhile, the BSE Sensex was up 203.64 points, or 2.13%, to 9,771.78. On BSE, 48,921 shares were traded in the counter. The stock had an average daily volume of 25,024 shares in the past one quarter. The stock hit a high of Rs 343 and a low of Rs 315 so far during the day. The stock hit a 52-week high of Rs 1222 on 4 April 2008 and a 52-week low of Rs 222 on 9 March 2009. The stock had risen 40.37% to Rs 319.55 on 30 March 2009 from a recent low of Rs 227.65 on 6 March 2009. The small-cap stock had outperformed the market over the past one month till 30 March 2009, gaining 37.74% as compared to the Sensex's 7.61% rise. It had also outperformed the market in the past one quarter, rising 15.49% as compared to the Sensex's 1.52% fall. The company's c

Reliance Infra finalises contracts for Delhi Metro rail link

CAF, Siemens, Faiveley among key suppliers. "We will procure eight trains, each comprising six coaches, from CAF. The deliveries will start from January 2010. All the coaches will be manufactured in CAF's factories in Spain." Mamuni Das New Delhi, March 29 Reliance Infrastructure, an ADAG company, has finalised most of its contracts for the metro rail link between Delhi international airport and city centre. The Delhi Airport Metro Express Pvt Ltd (DAMEPL) — a special purpose vehicle where Reliance Infrastructure has a 95 per cent equity stake and Spanish firm CAF owns the rest — has won the 30-year concession to design, build, finance, operate and maintain the 22.7 km rail link. The facility will be transferred back to DMRC at the end of the concession period. ORDERS The company will get the coaches, which are in standard gauge, from Spanish rolling stock firm CAF, which also has an equity stake in the project. "We will pr