Infosys Q3 cons net up at Rs 1231 cr
Infosys Technologies has announced its third quarter numbers. It has posted consolidated net profit of Rs 1231 crore for the quarter ended December 2007 as against Rs 1100 crore in previous quarter.
Net sales went up to Rs 4,271 crore from Rs 4,106 crore QoQ. Infosys numbers are higher than guidance.
The company has added 47 clients in the last quarter and net addition of employees were 8100.
Other income at Rs 158 crore versus Rs 154 crore QoQ.
Operating profit margin increased to 32.59% versus 31.27% QoQ.
Market in safe hands
Just few days before I had mentioned that please stay away from stocks which have rose very smartly by 200 to 300% more specifically operator driven and therefore the hammering was understood. In any case the dirty habit of buying with the wind and selling with the wind will never go with Indian investors come what it may. We at I DEVELOP would not like to cultivate this. Buy and stay cool and with every dip in the market use your reservoir which we have spared for months to capitalize.
Market will recover and will test new high for sure and this correction is not indifferent from earlier ones with only one probable change in the strategy. ADAG gr which has finally succeeded getting 3 bn USD ( issue already sold out fully ) could lose its charm leaving investors high and dry. We knew this and we had tagged REL price at 2700 which was met though market sources had pinned Rs 4500 price on the basis of REL power stake held by REL. In my opinion that is only market cap and physically REL power is not for sell hence the price rise should stop at this moment for next 12 months or so which we call it consolidation period.
Having done so now the ball in the court of RIL gr which may announce couple of very bold news flows such as IPO of retail or RPL commercial production or RIL finding gas or RIL announcing stock split which could help RIL getting re rated. As such it is no secret that RIL is still quoting at 6 to 7 PE and hence it has scope to double its share price by huge FII buying which may happen on news flow. This is the reason CLSA has re rated with buy call in RIL with target price of Rs 3400. Once it crosses Rs 3400 another re rating will happen because there are hardly any player in the market who believes in showing you the ultimate value of any stock at the first go except I DEVELOP.
This type crisis are not new for us as we have handled the same from time to time in last three years with precise accuracy and seen that our members are benefited from 4600 to 21000 with tops and bottoms. There were certain times where we too were wrong for a fraction period because we are not market players and the circumstances can make us wrong. But for sure we have hot the bull’s eye every time. Our Sensex targets were met and will meet for sure.
We can suggest our members to use this opportunity and consolidate your holdings in stocks of your choice. Wherever we have exposure we have used this opportunity to go overboard and invest.
There are two things to aim at in life; first to get what you want, and after that to enjoy it. Only the wisest of mankind achieve the second.
Reliance Power IPO to continue:
The Supreme Court today said the initial public offer of Reliance Power, slated to open on January 15, will go ahead even if any order is passed by any court in the country against the venture.
"The IPO of Reliance Power will continue despite any interim order passed against it by any court," a bench headed by Chief Justice K G Balakrishnan said.
Anil Ambani Group firm Reliance Power had mentioned a petition, pointing out that a person had filed a law suit in a Mumbai court to restrain it from coming out with its IPO.
The IPO is expected to be the country's biggest sale of shares and raise more than Rs 11,000 crore.
Videocon to start mobile services by year-end
Consumer electronics major Videocon today said it will roll out its mobile services by the end of this year and is expecting 10 million subscribers in 3-4 years of the launch.
Videocon is also planning to rope in a global service provider as the partner at an appropriate time, the company said in a statement here.
"The company plans to use its extensive all
Videocon's subsidiary Datacom had yesterday received Letter of Intent from the Department of Telecom for starting GSM-based mobile services on a pan-India basis.
Datacom has deposited the Rs 1,507 crore as license fees alongwith bank guarantee of Rs 847 crore to the DoT.
With an aim to improve efficiency and profitability of the business model, the company also plans to introduce various innovative services, the statement added.
Videocon said a number of local and global banks and financial institutions have expressed interest in providing fund, non-fund and service based support to the project.
Private equity cos betting big on road sector
Backed by a buoyant economy growing at more than 8%, investors are chasing highway projects which promise huge return in the medium and long term.
Private equity players such as 3i, ICICI Venture, IDFC and Blackstone are betting big on road sector and plan to either directly partner developers by jointly bidding for the highway projects or pick up stake in the infrastructure firms.
“We are raising $5 billion in the next 12 months alone, a substantial part of which would go to infrastructure, including highways. We have invested $850 million in highway projects in
ICICI is even looking at picking equity in infrastructure firms. “We are looking at all kinds of infrastructure opportunities, including stake in a company, project and participation even at co-bidding stage of the projects,” Mr Pathak added.
PE firm 3i recently took a minority stake in Hyderabad-based engineering and construction company Soma Infrastructure for $101 million. Soma has an order book of more than $1.6 billion and is undertaking various highway projects on build, operate and transfer (BOT) toll basis.
Indian Rupee Exchange Rate
No comments:
Post a Comment