Tulip Telecom
India Equity Analysis, Reports, Recommendations, Stock Tips and more!
Search Now
Recommendations
Monday, June 21, 2010
Pratibha Industries
Investors with a penchant for risk and a medium-term perspective can buy the stock of construction and infrastructure company Pratibha Industries. At Rs 380, the stock trades at 11.4 times per share earnings for FY-10. Valuations are at a discount to peers such as MBL Infra. However, given its small cap status, investors are advised to limit portfolio exposure to this stock.
HDIL
The renewed fortunes of the Transferable Development Rights (TDR) market, coupled with HDIL's steady progress in its slum rehabilitation and residential projects add impetus to the company's earnings prospects.
GAIL
Investors with a high-risk appetite can consider buying the stock of GAIL (India), the country's predominant natural gas transmission and trading player.
Aurobindo Pharma
Long-term investments can be considered in the stock of Aurobindo Pharma, a leading API (active pharmaceutical ingredient) and formulations manufacturer.
Improving financial performance, likely ramp-up in MNC contracts including the long-term supply agreement with Pfizer and a sales mix tilted towards high-margin formulations business, suggest healthy growth potential for the company.
European passenger car registrations dip 9%
End of government's incentive schemes in several countries coupled with tough economic environment led to a drop in new passenger car registrations in the EU for the second straight month in May, the European Automobile Manufacturers' Association said. Passenger car registrations in Europe fell 9.3% in May to 1,129,508 vehicles. That followed a 7.4% decline in April that ended 10 consecutive months of increases. In the first five months of the year, 1.9% more new vehicles were registered. The cumulative total for the period amounted to 5,943,096. While Germany registered the most cars, it also recorded the biggest decrease of 35.1% in registrations of all major markets. It was followed by Italy, where registrations fell 13.8% and France with an 11.5% drop. However, sales rose 13.5% in the UK and surged 44.6% in Spain compared to the low levels of last year. Slovakia saw its market shrink the most by a 41.8% decline, while Ireland expanded the most, by 70.6%. Registrations for Volkswagen fell 8.2%, while the same for Peugeot declined 5.3%. Fiat registrations dropped 22.7%, Ford registrations were down 13.2%. GM Group registrations declined 19.4% and Toyota registrations fell 23.1% in the month.
Subscribe to:
Comments (Atom)