Share Review - Taj GVK
Angel Broking recommends Buy with a Target Price of Rs 121 (12 months).
Ta j GVK reported a 1.8% yoy decline in its top line to Rs. 58 cr (Rs.60 cr) for 2Q FY 2012.
OPM came in at 32.1%, as against 32.0% in 2Q FY 2011, up 0.6% yoy.
Occupancy rates (…
Subsidy on enhanced housing loan from April, 2011
The scheme for 1% interest subsidy by central government on housing loans up to Rs 15,00,000 will be available for the borrowers whose loans were sanctioned and disbursed from April this year (2011).
According to RBI (Reserve Bank of India), The new scheme under which the…
New Mixed rate housing loans not teasers : NHB
In India, mixed (fixed cum floating) interest rate housing loans were originally characterized as so called Teaser Loans because of their ability to attract borrowers with a lower interest rate in the initial years. This was a fixed interest rate, the floating interest rate…
Indian life insurers: IRDA, SEBI finalise IPO norms
The much-awaited norms for the IPOs (Initial public offerings) of Indian life insurance companies are finally ready. Mr J Hari Narayan, Chairman, IRDA (Insurance Regulatory and Development Authority) said, "The guidelines framed by us are also approved by the SEBI (Se…
Cement Cartelisation : Real estate developers approaches CCI
Real estate developers body NAREDCO (National Real Estate Development Council ) has approached the CCI (Competition Commission of India ) seeking intervention against the alleged cement cartelisation hitting the Indian real estate sector. Free supply of cement..! Mr. Navin Ra…
Indian Real Estate shares – Intraday Tips For 10 November 2011
Recommendations for 10 November 2011 Scrip Trigger Price Stop Loss Target 1 Target 2 DLF BUY ABOVE 235.65 233.55 238.25 241.80 SELL BELOW 231.00 233.05 228.45 225.00 Scrip Trigger Price Stop Loss Target 1 Target 2 UNITECH
LIC Housing : Plans to launch real estate fund
A subsidiary of LIC (Life Insurance Corporation of India), LICHF ( LIC Housing Finance Ltd) plans to launch a Rs 500-750 crore real estate venture capital fund shortly.
According to Mr. V K Sharma, Chief Executive Officer , “It should happen in 2-3 month period. We have got…
Share Review - Tata Steel
Tata Steel is slated to report its consolidated 2Q FY 2012 results. We expect net
sales to increase by 8.0% yoy to Rs.30,936 cr mainly on account of higher steel
prices.
However, EBITDA margin is expected to contract by 0. 32% yoy to 12.5% on
account of higher raw material…
Share Review - Hindalco
Hindalco is slated to report its 2Q FY 2012 results. We expect standalone net sales
to increase by 4.1% yoy to Rs. 6,039cr mainly on account of increased Aluminium
prices.
EBITDA margin is expected to improve by 1.45% yoy to 12.5% on account
of rise in Aluminium prices, pa…
Madurai TN Chamber : Urges traders to opt for ‘Samadhan Scheme'
The Madurai based Tami Nadu Chamber of Commerce and Industry has urged traders with tax arrears to avail themselves of the “Samadhan Scheme” announced by the state Government. In a statement the Chamber said,' 'Tamil Nadu Government by an enactment of the Tamilnadu S…
