For 2Q FY 2012, HCC’s numbers came much lower than our and street
expectations. On the top-line front, HCC’s revenue declined by 6.3% yoy to
Rs.828.6 cr (Rs.884.6 cr), against our estimate of Rs.946.5cr, due to slowdown in
execution.
EBITDAM came in at 11.3% (12.8%), a dip…
Share Review - Electrosteel Steels
Electrosteel Steels (ESL), an associate of Electrosteel Castings (34.4% stake),
reported its 2Q FY 2012 results.
ESL did not report any sales during 2Q FY 2012, as it suspended operations during the quarter to synchronize its various units.
However, on account of certain f…
Sterling Holidays: Plans to go overseas
Leisure hospitality Company Sterling Holiday Resorts is renovating its 17 existing resorts and plans to add 5 more properties over the next 6 months.
According to Mr. Ramesh Ramanathan , MD, Sterling Holidays , “We are spending nearly Rs 150 crore for renovating our 17 resor…
Share Review - Asian Paints
Asian Paints (APL) for 2Q FY 2012, posted a good performance on the top-line
front but a weak performance on the earnings front.
The company’s top line grewbby 24.3% yoy to Rs. Rs.2,251cr (Rs.1,811 cr), in-line with our estimates. Earnings declined by 3% yoy to Rs.209 cr …
Share & Result Review - L&T
Larsen and Toubro (L&T) posted good set of numbers for 2Q FY 2012, which were
above expectations mainly on account of good top-line performance. Order Book
On the order booking front, L&T has an order backlog of Rs. 1,42,185 cr as of
2Q FY 2012. Order inflow for the…
No Diwali Joy's for Indian Realtors
The period around Diwali is usually the best sales time for Indian Realtors. But this festive season, volatile markets, double digit interest rates and poor consumer confidence in a slowing economy – has hit sales volumes, portending hard times for India’s real estate sect…
Prestige Estates Projects - Share Review
Indian realty sector continues to be under pressure due to high interest rates. But, firms with less debt, such as Prestige Estates, should do well in the long run. After being one of the favourites of the 2003-08 bull market rally, the real estate sector is being cold-shoul…
Coimbatore – Apartments Price - October 2011
Coimbatore – Main Area - Apartments Price # Area Capital Value Race Course 7450 - 8250 Avinashi Road 3300 - 3600 Saibaba Colony 3750 - 4500 Vadavalli 2900 – 3150 Saravanampatti 2150 - 2800 # This is approximate rate, Flats Capital value per Square feet in Rupee. Here startin…
India’s tallest tower gets booking above Rs. 100 crore
The Indian real estate market may be in a slump but the onset of the festive season seems to be bringing in good cheer for the country’s tallest building project — the HDFC, Temasek and Government of Singapore Investment Corporation backed Lodha World One.
According to Mr…
Today's Technical Term - Affiant
Affiant - A person who makes a sworn statement. The legal definition of Affiant is A person that is sworn to an affidavit; who gives evidence by way of an affidavit.
