indian stock market

Investors can buy the shares of Educomp Solutions, considering the bright growth prospects for its key verticals and the stock's sizeable valuation discount to its historic levels. At Rs 2,088, the stock trades at 26 times its likely 2008-09 earnings. This is not cheap under current market conditions. But Educomp has locked into most if its contracts where it licenses digital teaching content on long-term basis, typically over a five-year period. Continuing triple digit growth in high-margin segments such as Smart Class and retail & consulting, a healthy order pipeline for its services that cater to IT-enablement of government schools, support the valuations. Educomp's focus on the education sector also lends resilience against any broader slowdown as schools are unlikely to scale down investments in innovative teaching methods. With the Government's IT-enablement programme continuing on course, the company appears well placed to ride out the p...

Analysts now bet on rate cuts. Our Bureau Mumbai, Dec. 12 Indian equities reacted sharply to negative global cues and the poor Index of Industrial Production (IIP) figures for October 2008. The Sensex fell more than 350 points intraday on Tuesday (from its previous close), though it recovered towards the close of trading aided by substantial gains in some of the index heavyweights. The IIP figure for October fell by 0.4 per cent, its growth rate entering the negative territory for the first time in 15 years. It had risen 12 per cent in October 2007. "The markets opened sharply lower on the back of weak global cues and the sentiment got even more sour by dismal IIP data at noon. However a smart recovery was seen in second half of the trading," said a report by Ambit Capital. "This is the first contraction since the index began in FY-94. On a cumulative basis, growth during April-October was 4.1 per cent versus 9.9 per cent during the s...

Kalindee Rail Nirman Engineers galloped 15.49% to Rs 129 at 13:38 IST on BSE after a block deal of 4.97 lakh shares, or 4.43% of the equity, was struck at Rs 115 on NSE. Meanwhile, the BSE Sensex was down 194.27 points, or 2.09%, to 9,096.74. On BSE, 3.75 lakh shares were traded in the counter. The stock had an average daily volume of 23,721 shares in the past one quarter. The stock hit a high of Rs 131 and a low of Rs 107.30 so far during the day. The stock has a 52-week high of Rs 600 on 1 January 2008 and a 52-week low of Rs 85 on 10 October 2008. The small-cap stock had outperformed the market over the past one month till 17 November 2008, gaining 3.38% as compared to the Sensex's decline of 6.86%. It had underperformed the market in the past one quarter, declining 46.77% as compared to the Sensex's decline of 36.90%. The company's current equity is Rs 11.22 crore. Face value per share is Rs 10. The current price of Rs 129 discounts the company's ...

Airlines Indian Airlines - 1800 180 1407 Jet Airways - 1800 22 5522 Spice Jet - 1800 180 3333 Air India -- 1800 22 7722 Kingfisher - 1800 180 0101 Banks ABN AMRO - 1800 11 2224 Canara Bank - 1800 44 6000 Citibank - 1800 44 2265 Corporation Bank - 1800 443 555 Development Credit Bank - 1800 22 5769 HDFC Bank - 1800 227 227 ICICI Bank - 1800 333 499 ICICI Bank NRI - 1800 22 4848 IDBI Bank - 1800 11 6999 Indian Bank - 1800 425 1400 ING Vysya - 1800 44 9900 Kotak Mahindra Bank - 1800 22 6022 Lord Krishna Bank - 1800 11 2300 Punjab National Bank - 1800 122 222 State Bank of India - 1800 44 1955 Syndicate Bank - 1800 44 6655   Automobiles Mahindra Scorpio - 1800 22 6006 Maruti - 1800 111 515 Tata Motors - 1800 22 5552 Windshield Experts - 1800 11 3636 Computers/IT Adrenalin - 1800 444 445 AMD - 1800 425 6664 Apple Computers - 1800 444 683 Canon - 1800 333 366 Cisco Systems - 1800 221 777 Compaq - HP - 1800 444 999 Data One Broadband - 1800 424 1800 Dell - 1800 444 026 E...

  At Rs 50, the stock trades at a price to earnings multiple of 9.9 times our estimated FY11 consolidated earnings. The price is lower than its recent right issue offering of Rs 70 per share. IHCL is the most visible among all its peers in the Indian hotel industry. Its historical focus on the luxury segment has rewarded the company over time, as realisations from this segment are always higher than other segments. Its brand together with its wide reach and choice of properties warrant a higher valuation band for the company. It is also entering new segments like budget and mid market offerings. Further it is spreading its wings to international areas to establish 'Taj' brand in these regions and position itself as a luxury brand in the global markets. The company has lined up major expansion plans over the next 3 to 4 years. Also, some of its subsidiaries are expected to turn profitable.

Hindalco Industries jumped 9.76% to Rs 66.35 at 14:53 IST on BSE, after a block deal of 5.24 lakh of equity shares was struck on the counter on BSE at Rs 66. Meanwhile, the BSE Sensex was up 487.67 points, or 4.89%, to 10,451.96. On BSE, 91.33 lakh shares were traded in the counter. The stock had an average daily volume of 22.55 lakh shares in the past one quarter. The stock hit a high of Rs 68.75 and a low of Rs 61.50 so far during the day. The stock has a 52-week high of Rs 202.74 on 15 November 2007 and a 52-week low of Rs 38.05 on 27 October 2008. The mid-cap stock had underperformed the market over the past one month till 7 November 2008, declining 36.23% as compared to the Sensex's decline of 14.80%. It had also underperformed the market in the past one quarter, declining 53.11% as compared to the Sensex's decline of 34.09%. The company's current equity is Rs 175.32 crore. Face value per share is Rs 1. The current price of Rs 66.35 discounts the com...

Management, promoter groups step in to buy in select companies. Srividhya Sivakumar BL Research Bureau If the frantic selling by foreign institutional investors in October has left you worried about how much lower valuations will go, here is a quantum of solace, for the month also saw many 'insiders' step in to buy stocks in their companies. Enticed by the 'attractive' valuations after the market meltdown, insiders appear to have indulged in buying in select companies even as the markets hit successive new lows throughout last month. Be it large companies such as L&T, Suzlon Energy and Hindalco, or the mid and small-cap ones such as Edelweiss, Gitanjali Gems and IVRCL Infrastructure, buying by insiders has been quite significant. Insiders, according to SEBI's Regulations (Prohibition of Insider Trading), are those investors who are in the know of that company's unpublished price-sensitive information. While in th...