Coca-Cola Company is the largest beverage company in the world. No other beverage company has earned so much name and fame like Coca-Cola. The name has become a household affair all around the world. In the NYSE (New York Stock Exchange) the beverage giant has been listed as KO. The headquarters are located at Atlanta, Georgia. The company was founded way back in the year 1892. Coca-Cola has earned the reputation of becoming one of the largest corporations in the United States of America. Moreover it is the largest manufacturer, distributor of non-alcoholic beverages and syrups in the world. In addition to this it controls the marketing part of these products too. Coca-Cola is the flagship product of the Coca-Cola Company. Read the full post

Price target: Rs184                                                CM Price: Rs163.30 Event Orchid Chemicals & Pharmaceuticals (Orchid) has received US Food and Drug Administration (USFDA)’s approval to sell its much-awaited Tazo-Pip, a premium life-saving antibiotic injection, in the US market.This is the first generic to be approved with Orchid receiving a 180-day exclusivity. Orchid would be immediately launching this product in marketing and distribution partnership with Apotex in the USA. The company received approval for selling Tazo-Pip in the USA in H2FY2010 in line with our assumption, however the 180- day exclusivity is a positive surprise. Implication Read the full post

The Stock Market is a market which deals in stocks of companies belonging to both the public sector as well as private. The Indian Stock Market is mostly referred to as the Share Market because it deals primarily with shares of various companies listed in for trading. The stock market is a viable investment option at hands for investors in India. Since Indian Stocks market is showing strength and making steady gains over last few years barring few low ebbs it is wise to prefer stock market as reliable mode of investment than other investment options. Read the full post

Target Price:-Rs243 CMP:-Rs201.80 We initiate coverage on Rural Electrification Corporation (REC) with a “BUY” recommendation and a target price of INR243 (12.8x PE of INR18.9 for FY11E). REC, a wholly owned public sector company, finances and promotes rural electrification projects across the country. Our recommendation is underpinned by REC’s robust prospects, given its mandate of financing power projects and India’s ever-growing demand for power. Moreover, strong government support helps REC secure a good credit rating and thereby access low-cost funding. Furthermore, a major portion of its loans is protected by a default “escrow” mechanism, shielding it from customer delays or defaults. At a CMP of INR195, the stock trades at PE of 12.7x its EPS of INR15.4 for FY10E and 10.3x its EPS of INR18.9 for FY11E. Read the full post

Target Price:- Rs276 CM Price:-Rs221.90 Investment Conclusion High capex has been a drag on Glenmark’s cash flows and has led to a substantial increase in leverage. Net debt to equity has risen from 0.5x as of end-FY08 to 1.3x as of end-FY09. We expect capex intensity to come down substantially as the company focuses on consolidating its current operations. We maintain our BUY rating with our 12-month TP of INR 276, implying 26% upside potential to current levels. Post the recent stock price correction following Oglemilast failure, we believe the stock is not building material upside from the innovation pipeline and hence the riskreward is favorable, in our view. Read the full post

Target Price -Rs.973 CMP -Rs.804.90 Background ICRA Ltd. (formerly Investment Information and Credit Rating Agency of India Ltd.) was set up in 1991 by leading financial/investment institutions, commercial banks and financial services companies as an independent and professional Investment Information and Credit Rating Agency. Today, ICRA is the second largest credit rating agency in India after CRISIL. Beside Ratings, ICRA Group offers Consulting services, IT based services, Information services and Outsourcing services through its subsidiaries. Triggers Read the full post