Archive | July, 2007

ICICI Direct : Buy Petronet for a target of 78 within 3 to 6 Months

ICICI Direct Research Report has recommened Petronet LNG at Current Market Price Rs 68 for a Target of Rs 78 with time frame of 3 to 6 months. It says Petronet LNG has a potential Upside of 20%

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Industry Overview : IT Industry towards $50 Billion

IT exports are on course to hit the mark next year. But rising costs are a worry for the prospects beyond Wipro and Infosys are today household names in India. About a decade ago, many had not even heard of them. Thanks to the buions of dollars they have generated in exports, the coun- try’s […]

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Investment Idea : Bajaj Auto to be the next outperformer

Bajaj Auto (BAL) is set to return to its winning ways with a refreshing new strategy, which is more focused towards high-end high-margin two- wheelers. Substantial opportunity of value creation in the high-growth insurance business could give a further fillip to its valuations. We initiate coverage on the company with an OUTPERFORMER rating…

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Update : Dr Reddys Underperformer

Significantly lower Ondansetron sales, supply issues at CPS Mexico facility as well as negative impact of currency appreciation were primary reasons for the disappointment. With a 50% earnings decline in FY08, outperformance is linked to expectations of FY09 turnaround in Germany, which is uncertain. Future earnings face significant headwinds from uncertainty in Germany, potential incremental […]

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Results Update Satyam Computer Services

Satyam Computers reported dollar revenue growth of 9.2% to US$449m in 1QFY08, higher than our estimate of US$441m. This was driven by volume growth of 8.1% QoQ and increase of 1.1% in blended pricing. EBITDA margins declined 65bp due to rupee appreciation and visa costs. Net profit declined 3.9% to Rs3.78b due to lower other […]

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Industry Overview : Aviation Industry- Are you ready to fly?

Welcome to the aviation revolution, which is just beginning to unfold. Back in 2003-04, three domestic airlines had 123 commercial jets; today, six airlines fly 310 planes, selling 35 million seats a year more than twice the 15.6 million seats they sold in 2003-04…

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