Friday, October 06, 2006
* TV18 moved up marginally following reports that the company's Internet arm Web18 Carymans has raised $10 million from Tracer Capital.
* K Sera Sera Productions advanced on reports that the company has opened a subsidiary K Sera Sera Singapore in Singapore.
* Ranbaxy slipped despite the news that its Canadian subsidiary has signed a marketing agreement to supply generic fentanyl patches in Canada.
* Cipla, which announced the setting up of a wholly-owned subsidiary Cipla FZE in UAE, inched marginally lower.
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Indian real estate market on a high growth curve and growing at the rate of 30%
Services sector continues to be the major real estate driver
Approximately 30 mn.sq.ft. of office space supply to enter the market per annum for the next three years
Proactive policy changes for the sector have led to increased foreign interest
Close to US$ 5 billion waiting to enter the Indian real estate market through the realestate venture capital investment route
Recently permitted Real Estate Mutual Funds (REMFs) foreseen to increase liquidityfor the sector
Thanks Priyank - keep them coming!
SlideShare is a service that lets you upload Powerpoint or OpenOffice presentations and have them be playable on the web, via a handy navigation toolbar. (If you're using unsupported presentation software, such as Keynote, simply export the file to PPT format before uploading to SlideShare.) This way, the presentations have a permanent URL for easy sharing; no more toting around a USB key drive and hoping it works at the client's office, for example.
Buy Punjab National Bank with a stop of Rs 510 for a target of Rs 580
Buy HDFC Bank with a stop loss of Rs 885 for a target of Rs 1050
Sell Zee Telefilms above Rs 291 with stop loss of Rs 296. This is a day-trading recommendation
Buy Vijaya Bank below Rs 57.25 with stop loss of Rs 56.50; This is a day-trading recommendation.
Buy Ajanta Pharma (Rs 76.05) above Rs 77.25 with a stop below Rs 75.90 keeping a target of Rs 81.60
Buy Archies (Rs 156.95) with a stop below Rs 153 keeping a target of Rs 166
Veoh - a video sharing site. Their client creates a peer-to-peer network for sharing video and allows subscribers to view high quality, full screen video which leads to scalable distribution of Video
Pocket - a social bookmarking service. Their bookmarklet overlay’s on top of the page you are visiting in a very pleasing fashion. The entire user interface and experience is beautiful and very polished.
IT earnings preview
Given the robust demand environment, the front-line information technology (IT) services companies are expected to maintain the growth momentum in Q2FY2007 also. We expect the volumes to grow in the range of 6.5-10% sequentially for the quarter. The depreciation of the rupee would further aid the overall growth in the revenues (based on the average exchange rate during the quarter). However, the impact of the exchange rate fluctuation is likely to be lower in Q2. Especially in terms of the translation gains (that means lower other income), as the end of the period exchange rate was more or less stable as compared to Q1.