- Are Indian IT Shares Overpriced?
- Kotak’s Buy Calls Recommendation - Sintex
- IPO Analysis - Avoid Pradip Overseas Ltd
Posted: 08 Mar 2010 02:34 PM PST
Indian IT companies have been working nearly nonstop for a decade, turning India’s cost advantages and technical expertise into booming revenue and profit growth. Although their stock prices collapsed during the downturn, they’ve zoomed higher with the recovery in developed markets. Since their 2008 troughs, the stocks are up by as much as 300%. Major [...]
Posted: 08 Mar 2010 02:01 PM PST
Sintex Price (Rs): 260 Target price (Rs): 310 Growth rebound and reasonable valuations. Kotak expects robust 18% revenue growth (led by 40% growth in the monolithic segment) and 90 bps EBITDA margin expansion in FY2011E to drive a 21% EPS CAGR over FY2010E-FY2012E. The stock is trading at 9.2X FY2011E EPS. Outperformance in 4QFY10E versus KIE estimates - even [...]
Posted: 08 Mar 2010 08:22 AM PST
Pradip Overseas Ltd IPO is open from March 11 to March 15. On offer are 1.06 crore shares. Pradip Overseas has fixed the price band for its initial public offering of 10.6 million shares between 100 to 110 rupees a share. Anand Rathi is the lead manager of the issue. Investors may refrain from subscribing [...]
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