Buy HCC – TP Rs.78  Buy call on Hindustan Construction Company is maintained with a one year target price of Rs.78.  The company is expected to report 8.3% revenue growth for 2QFY11 at Rs.850 crore.  Company’s projects in Jammu & Kashmir were affected by the recent unrest in the state, which has […]

India’s second largest IT services exporter – Infosys Technologies has announced its results for the quarter ended September 2010. It has reported net profit at Rs 1737 crore as against Rs 1488 crore, a growth of 16.73% on quarter-on-quarter basis (QoQ), as per International Financial Reporting Standards (IFRS). On consolidated basis, company posted net sales

 TVS Srichakra, one of the largest suppliers of two & three wheeler tyres in India and part of US $ 2.2 billion Auto Ancillary group TVS, is poised for accelerated growth in next few years in view of impressive offtake from OEMs, coupled with increased demand from replacement market and expected recovery in overseas

Issue Open: October 18, 2010 Issue close: October 21, 2010 Price Band: Rs. 225 – Rs. 245 Per Equity Share Minimum Bid Size: 25 Equity Shares Face Value: Rs. 10 Per Equity Share Issue Type: 100% Book Building Maximum Subscription Amount for Retail Investor: Rs. 100000 COAL INDIA LTD IPO: Coal India Limited is the

Sector Watch – Telecom  It seems that the worst is over for the telecom sector and the outlook has turned positive.  Discussion with equipment vendors, regulators and telecom operators suggest that competition and regulatory overhangs on the sector are easing.  Tariff war between operators is fading out and the average revenue per