Indian Equity Research and Investment Strategy
The Ministry of Coal has awarded coal linkages for 22 GW of power capacities with a clear focus on projects likely to be commissioned in the XIth plan period. The allocations ensure fuel security for power projects, while increasing the burden of responsibility for Coal India Ltd (CIL) to meet increasing demands from the power sector.
Lanco Infratech has been awarded linkage for 660 MW (more…)
Royale Indian Rail Tours (RIRTL) operated — Maharajas Express [Super luxury Train] began its journey on March 6, as it left Mumbai for New Delhi.
RIRTL is a joint venture (JV) between Cox and Kings (India) and Railways Catering and Tourism Corporation (IRCTC). The super luxury train has a total of 23 coaches with a passenger capacity of 84. (more…)
Apar Industries is one among the best-established companies in India operating in the diverse fields of electrical, metallurgical and chemical engineering.
Consolidation of conductor manufacturing plants – The company will continue to invest and maintain its leadership position as a direct beneficiary of the robust growth emerging in India’s power sector.
Increased focus on the export of specialty oils – Its specialty oils business strengthened itself through approvals of new generation transformer oils from global OEMs like Areva, Siemens and ABB. (more…)
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 (more…)
Kotak sec expects weakness in crude oil. There will be likely subdued demand on account of seasonality in 2QCY10, low OPEC compliance and high inventories. However, we do not rule out continued high levels of speculative trading.
In the medium term, given large spare OPEC capacity of ~6 mn b/d over CY2010-11E, significant oil discoveries announced in new areas, increase in OPEC supply, (more…)
>Post Budget 2010, the Indian markets rallied. However, is the rally sustainable ? Here are the various Strategies adopted by Foreign Institutional Investors – The Major Movers of Indian Market.
Bofa Merrill Lynch – The positive from the budget was that the Finance Minister has laid a roadmap for cutting fiscal deficit with a forecast of 5.5% in FY11 (vs 6.9% in FY10) and targeted capping Government debt to GDP ratio. But Sensex EPS change from budget is practically zero. Corporate earnings growth will be close to 25% in FY11. However, (more…)