Originally Posted by anish The market has turned very pessimistic on Sesa Goa after the announcement of a 20% stake buy in Cairn India by the company. Considering the healthy cash flow of Sesa and its strong exploration track record, it appears that the concerns are overdone and the stock has the potential to move upside. Bottoming out of iron ore prices by the end of CY2010 may act as the catalyst for the next upmove and a coverage is initiated on the stock with TP ...
Originally Posted by anish INDOSOLAR LIMITED Issue Open: September 13, 2010 Issue close: September 15, 2010 Price Band: Rs. 29 - Rs. 32 Per Equity Share Minimum Bid Size: 200 Equity Shares Face Value: Rs. 10 Per Equity Share Book Building at: 100% Book Building Maximum Subscription Amount for Retail Investor: Rs. 100000 INDOSOLAR LIMITED : Incorporated in 2005, Indosolar Limited is a leading Indian manufacturer ...
Originally Posted by anish There has been concern over the imposition of 16% excise duty on spot power sales but the government has now revised the export duty on the export of power outside an SEZ from 16% of sales to a flat rate of Rs.0.10 per kWh. This means that for Adani’s 4.6GW Mundra project, the risk of a 16% export duty on spot power sales has been removed. As per the revised rate, the duty incidence would be 3%, assuming spot power sales at the rate of Rs.3.5 ...
Originally Posted by anish Buy call on Adani Power is reiterated with a one year target price of Rs.160. The stock is currently traded in the range of RS.133. The stock is trading weak due to the ruling against the company by Gujarat Electricity Regulatory Commission, rejecting the company’s request for terminating its contract with Gujarat Urja Vidyut Nigam Ltd (GUVNL) to supply 1 GW power at a tariff rate of Rs.2.35/ kwph for 25 years. It seems that there would be limited downside to the ...
Originally Posted by anish BGR Energy is recommended to buy with one year target price of Rs.968. The company has been implementing the projects successfully and the progress of implementation is as per schedule.A 600 MW EPC (engineering, procurement and construction) at Mettur, TN and and another one at Kalisindh, Rajasthan are progressing as per schedule. Company has bid for NTPC’s bulk deal 11 x 660 MW boilers and expect to get orders worth Rs.1100 crore in FY11. ...
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