The market in January was quite weak, with the Egypt crisis and the rising food inflation majorly contributing to it. In spite of this, the world's economy is already on its way to recovery and improvement.
At CMP the stock is trading at PE multiple of FY12E 12x and EV/EBITDA of 8x which is quite attractive compared to its peers. Considering the strong
demand for iron ore and robust expansion plan of the company, we maintain our buy rating on the stock with a target price of INR 350.
Gupta Equities Pvt. Ltd. has evolved into GEPL Capital opening new gates for investments and bringing in more innovative services. GEPL Capital is a one stop investment avenue offering a wide portfolio of products & services like online equity & commodity trading, mutual funds, insurance advisory services, portfolio management services & wealth management services.
Jim Cramer just gave MU a triple buy, a must buy company, which is similar to ARM Holdings ARHM run up. Mad Money said MU has Apple and many other customers that are big companies that will lead to Mad Money.
Omkar Speciality Chemicals Ltd, the manufacturer of speciality chemicals, will launch an Initial Public Offering (IPO) of of 81 lakh equity shares of Rs 10 each on January 24. Omkar Speciality Chemicals Ltd has fixed the price band at Rs. 95/- to Rs. 98- per equity share. Subscription to this issue will be open from 24 January 2011 to 27 January 2011.
Tata Steel has set the price band at Rs 594-610 per share. The company expects to raise around Rs 3500 crore successfully through the FPO. The minimum bid lot would be 10 equity shares with a face value of Rs. 10 each. The FPO will lead to an equity dilution of 6.31%.
Gateway Business Force is a direct, private, hard money lender and has been providing loans and equity investments for 20 years. Their specialty is funding loans and providing capital to the types of projects and companies that have been turned down by conventional methods of funding.
With over 30 years of experience helping insurance agents and individuals obtain surety bonds, BondAbility launches its new website design, providing customers with new features, resources, and a streamlined application process.
Manganese Ore had filed draft papers for its IPO last month with SEBI. The four-day IPO of MOIL is likely to begin on November 26. Edelweiss Capital, IDBI Capital and JP Morgan are the book running lead managers to the issue, sources said.
Enfinium has developed partner relationships with leading Australian banks that hold Enfinium clients' funds. This creates an environment where sophisticated traders can execute with a high level of comfort and confidence.
WealthManagerWeb recognized the 2010 Top Wealth Managers in the United States, and Paragon Wealth Management was on the list for the second time. Paragon has continued to grow despite the difficult stock market and economy.
Taipan Publishing Group, a leading financial research publishing service, has launched a free new e-letter, Smart Investing Daily. This newsletter will serve as a guide to simplify investing for investors struggling to understand the financial world.