Posts Tagged ‘ add new tag ’

  CMP: 1313.60                       Target price:1998 Armed for a re-rating; initiate at Buy Initiate at Buy. India’s expanding defence expenditure and the ‘off-set’ clause in import contracts make the resilient, defencefocused Bharat Electronics a prime candidate for a re-rating, with an expected 39% CAGR in order inflows over the next two years. We initiate coverage with...

CMP:131.70 CNG price in Delhi higher by INR 2.1/kg Indraprastha Gas (IGL) increased the retail price of CNG in Delhi from INR 18.9/kg to  INR 21.0/kg w.e.f. from June 16, 2009. The increase encapsulates an INR 2.0/kg  increase in CNG price and an INR 0.1/kg increment in applicable taxes. This implies an  average price...