Archive for January, 2009

  Target Price :-Rs220.00              Current Price:-Rs89.00 Pricing ahead of volumes; retain BUY Retains guidance; remains our pick for the downturn Despite challenging macroeconomic conditions, Rolta retained both its FY09 guidance of 38.0-39.9% revenue growth and 23.9-25.8% net profit growth (pro forma for MTM provisions for FCCBs). This corroborates our thesis that the company’s niche market...

The energy sector for the scheme broadly includes oil & gas, power and any other energy related generators, distributors or ancillary companies. The power sector has recently come into the limelight and has potential in the long-term on the back of the huge demand-supply gap. Thee government’s thrust by way of budgeted outlays enhances...