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.
As put by Mr. Gajendra Nagpal, Founder & CEO of Unicon Financial Intermediaries Pvt. Ltd., "While the short term outlook does not look positive, the d ...
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.
NMDC Ltd - Q3 FY11 Result Update
• NMDC registered a strong top-line growth of 65% to INR 26.2 bn in Q3FY11 (22% above our estimate of ...
The stock looks attractive at current valuation considering the outlook of new capital expenditure in fertiliser sector. Possible decontrol of urea price could rerate the sector outlook.
* Nagarjuna Fertilizers & Chemicals Ltd (NFCL) outperformed street expectations with robust topline growth of 40% YoY to INR 8,535mn in Q3 FY11.
KEC International Ltd recently announced its results for thrird quarter of 2010-11. The results matched with the estimations made by Unicon Investment Solutions closely.
Few of the result's highlights include the following:
• The company's consolidated revenue for the quarter stood at INR 10.7 bn as agai ...
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