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Corporate Earnings News

Lanco Infratech Amarkantak: Unit 2 Synchronized

March 12, 2010

Lanco Infratech indicated that they synchronized Unit 2 of Amarkantak power plant and expect it’s commissioning during the next quarter. The synchronization of Unit 2 and consistent PLF for Unit 1 gives us more visibility on commissioning of Amarkantak power project. Further, calculations indicate the cash inflows of Unit 1 (since synchronization in May 09) have so far resulted in 21% reduction in capital cost.

Goldman Analysts expect the stock’s underperformance versus BSE Power index (14% YTD) to narrow in the medium term primarily Read More »


Opportunities in Indian Infrastructure Galore

March 10, 2010

All the infrastructure companies are upbeat on the immense opportunities available in the segment. Reliance Infrastructure, for instance, plans to bid for more road projects. As highlighted in our pre-conference note, private sector involvement in infrastructure development has expanded to ‘non-traditional’ areas such as metro, airports and even power transmission. Lanco plans to ramp up its generation capacity to benefit from the prevailing high merchant power tariffs. Read More »


IPO Reviews

IL&FS Transportation Networks Limited – Subscribe Long Term

March 9, 2010

IL&FS has been engaged in road sector projects since 1993 as a sponsor, developer or investor. For consolidating its project portfolio in the surface transportation sector, ITNL was promoted by IL&FS in 2000. IL&FS Group currently holds 87.5% in ITNL. Over the years, ITNL has been encouraged to operate as an independent entity and expand its presence in the infrastructure space. ITNL is currently among the largest operators in the BOT roads segment, with over 9,300 lane km commissioned or currently under implementation.

Road Industry Overview – Roads are the dominant mode of transportation in India today, and carry almost 85% of Read More »


NMDC FPO – Company Review

March 5, 2010

NMDC one of the Government’s biggest Asset in Minerals is going for a FPO. Here is an Insight into the company.

NMDC has reserves and resources of 1,360.6 million metric tonnes of iron ore with predominantly greater than 64% Fe content and has been the largest producer by volume in India during the last three fiscal year – the Company’s producing mines are open cast and
primarily fully mechanised. Strong in-house capability to undertake exploration – NMDC is actively involved in exploration and development activities so as to apply for and acquire new iron ore and other mineral leases thereby expanding its reserves and Read More »


Mutual Funds in India

What Top Fund Managers are Buying / Selling ?

February 18, 2010

It is true that Indian Mutual Fund industry is very small compared to Insurance and FIIs. However, it is one of the best regulated and somewhat directly under SEBI [Can you believe HDFC was sending their top Agents on a Foreign Trip and SEBI asked if the Agents have disclosed this to their Clients ?] We strongly advise to stick to Mutual Fund Products rather than ULIPS / Insurance Related Equity Products.

Here is how the Top Fund Managers of top 5 Mutual Fund Houses Have Bought or Sold in Jan-2010. Read More »

How does the Mutual Fund Industry Look Like ?

January 9, 2010

Total AUM at INR 7.75 tn; assets worth INR 1.47 tn added in October with mere INR 1.92 tn Equity AUM; dipped INR 0.10 tn (down 5%) M-o-M. The ratio of large-cap AUMs to mid-cap AUMs was at 0.83 in October versus 0.85 in September.

Large-cap funds have increased exposure to banking, FMCG, pharmaceuticals, engineering, and reduced it in oil & gas , IT, telecom and cement. Banking seems to be a favourite among large-cap funds. Read More »

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