Investors in the stock of India Cements can consider booking profits at this point and entering the stock at a later date. Oversupply worries in the Southern region and the resultant pressure on prices in this region may curtail the stock's performance relative to the market.Close to 16 million tonnes of additional cement capacity came up in South India in FY09, most of which has commenced ...
Investors with a long-term perspective can buy the stock of small-cap textile player Bombay Rayon Fashions (BRFL), manufacturer of fabric and apparel. At Rs 189, the stock trades at 10.6 times its trailing 12-month per share earnings. Though not strictly comparable, this valuation is at a discount to other export and apparel textile players such as Gokaldas Exports and S Kumars.In a year marked ...
Shareholders can consider paring their exposure to the stock of Orchid Chemicals & Pharmaceuticals, which recently sold its antibiotic injectables business to the US-based Hospira Inc for $400 million (about Rs 1,870 crore).Even though the deal valuations are attractive and would more than address Orchid's debt problems , it threatens to render the company's overall growth prospects unappealing. ...
The year 2009 started off on a subdued note for equity investors but by year-end both the BSE Sensex and Nifty were trading 80 per cent higher. With the markets trading at a price-earning multiple of well over 21 times from 11 times at the start of year, the upside in the indices may be limited from here on. So equity investing in 2010 may require greater stock selection skills. Why not select ...
The year 2009 ended on a high note, with benchmark (BSE & NSE) indices registering best yearly gains in the last two decades and touching fresh 19-month peaks. The year, however, will be most remembered for the Sensex and the Nifty hitting the upper circuit for the first time.In the week under review, the markets surprisingly moved in an extremely narrow band despite the two holidays and the ...
Punita Kumar Sinha, senior managing director, Blackstone Asia Advisors, manages Blackstone’s India fund and Asia Tigers fund, with assets of $155.6 million and $ 75.68 million, respectively. In an interview with Vandana, she says the markets will be fairly volatile next year.How do you see the recovery shaping up this year?Last year, there was extreme pessimism in financial markets and valuations ...
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Jet Airways, Wipro, Moser Baer, Sesa Goa, Voltas ...