LIC Housing Finance

HEM Securities has maintianed buy rating on LIC Housing Finance with target price of Rs 522 implying upside potential of approx 86% in its January 23, 2008 report. "The company with its strong expansion plan intends to achieve 20% portfolio growth on a year to year basis, both through project financing and individual disbursement. The company also intends to effectively deploy marketing executives into the market with a view to achieve the projected growth figure. The stock at the current market price of Rs 280 is trading 6.64 times to its earnings and 1.31 times to its book value and is expected to provide huge upside potential in medium to long term. Therefore we are initiating ‘BUY’ signal on the stock with the target price of Rs 522 which is approximately 86% up from the current market price of Rs 280," according to HEM Securities report

Spice Jet

Istithmar, the Dubai government's investment arm, which already owns about 13.5 per cent in low-cost airline based Spicejet, is looking to hike its stake in Spicejet.

Spicejet's third quarter results may be down more than 22 per cent than last year's third quarter but international investors like Istithmar say that they want to stay invested in the Airline.

Istithmar is even keen to hike its holding in the airline, which stands at about 13.42 per cent. Istithmar also has bonds, which it can convert to shares anytime by 2010.

'If any of the promoters want to sell their stake, we will buy them out,” said Tom Ronell, CEO, Istithmar World.

Istithmar's moves of increasing their stake will certainly trigger an open offer making them the largest shareholders in the company.

However, despite Istithmar's renewed confidence in the airline Spicejet is having a tough time breaking even and the high ATF prices mean that even though Spicejet has made an operational profit last quarter, the airline will still be in the red this fiscal.

But there is still hope, consolidation in the aviation sector has led to improved yields with Spicejet earning about Rs 500 rupees more per passenger and its net profit for the quarter stood at Rs 9.3 crore, the company will soon place an order for 10 more aircraft for $620 million.

RPL

MUKESH AMBANI, he has violated the share holding pattern of RPL
something is cooking bad in this counter he is not giving share holding pattern on NSE and BSE sites even after declaring result of RPL

he has shown share holdin pattern of RIL today but not providing pattern of RPL

one has to raise this question for clarification

Every time RPL goes up he sells......

Dont know whts the purpose behind it
when he sold 4% stake reason given was to introduce better liquidity in this counter
but itna sell karne ke baad bhi ye BAN me hi rahta hai

he is making small investors fool
295 se 195 ayaa
fir again jab 260 gaya 212 aa gaya

again he might have sold out 4-5% stake ...........!!!!!

RNRL

Reliance Natural Resources Ltd, a group company of the Anil Ambani Group has reported 127% increase in net profit for the third quarter to Rs 23.79 crore from Rs 10.45 crore in the year ago quarter. Income has declined to Rs 40.73 crore for the quarter, compared with with Rs 73.53 crore for the corresponding period in the previous year. The equity share capital of the company is Rs 816.57 crore and face value of share is Rs 5 per share.

RCOM

BANGALORE (Dow Jones)--Indian telecommunications company Reliance Communications Ltd. (532712.BY) is set to award a $500 million equipment supply contract to China's Huawei Technologies Co. (HWI.YY) for R-Com's plan to launch services across India under the global system for mobile communications, or GSM, technology, a person close to the matter said Wednesday.

R-Com still has to award further supply contracts for other GSM equipment.

"Huawei will supply base transceiver stations (BTS) and related equipment to R-Com over a two-year period," the person told Dow Jones Newswires.

"The deal was signed Sunday evening and the paperwork is going on. It'll be announced in a day or two," the person added.

The equipment will cover about 60 million to 70 million GSM lines, the person added.

BTS is the equipment which facilitates wireless communication between user devices and the telecommunications network.

R-Com has recently received spectrum, or radio bandwidth, to run GSM services in 13 areas in addition to the eight in which it already operates. The deal with Huawei will be for the 13 additional areas.

"This is just a part of the supply contract. There will be other parts of the pie, like for switches, handsets etc," the person said.

R-Com is in talks with about seven to eight global players for the supply of handsets, the person said.

"Three are global brand names, while the rest are contract manufacturers," the person said, adding that the deals will "take a bit of time as talks are in the initial stages."

R-Com will also be starting its direct-to-home broadcast operations across India in the next two months, another person close to the matter said.

Direct-to-home, or DTH, refers to satellite television broadcasts intended directly for the home viewer, without cable operators.

"The company is initially investing about INR2 billion to INR3.5 billion on the roll out of services for things like wiring, some equipment, installation etc. This will be about 30%-40% less than what our competitors incurred in initial costs," the person said.

R-Com will run its DTH business through its wholly-owned unit, Reliance Big TV Ltd., the person added.

The company is finalizing its installation partners - those who will go door to door to install the equipment needed for the DTH services, such as the dish antennae, set top boxes, etc., the person said.

"R-Com already has the distribution network in place through its retail network for its telecommunications and broadband services," the person said.

Hindustan Construction Company (HCC)

New Delhi: Hindustan Construction Company (HCC) said on 21 January that it is expecting a total revenue of Rs1,47,000 crore over the next 10-15 years from the ‘Lavasa´ hill station project being developed near Pune in Maharashtra.
“The total revenue expected from the Lavasa project is Rs1,47,000 crore,” said Ajit Gulabchand, HCC chairman and managing director.

He added that the first phase would start in 2009-10 and all the four phases are expected to be completed by 2020.

Gulabchand, who is also the chairman of Lavasa Corporation Ltd which is developing the hill station, said: “We have already invested Rs1,000 crore to provide initial infrastructure at Lavasa project.”

The ‘Lavasa´ hill station project is being developed by HCC along with L M Thapar Group and Venkateshwara Hatcheries. HCC holds 65% stake in Lavasa Corp, while Thapar Group has 15% share and Venkateshwara Hatcheries 12.5%. The remaining stake is held by two other local entities.

Gulabchand said the investment would be around Rs3,000-4,000 crore in the first phase, after which the project would be self-sustaining. He declined to comment on the total investment expected to be pumped in to the entire project that will be spread over an area of more than 12,500 acres of land.

The total project cost would be Rs40,000 crore, Lavasa Corporation President Rajgopal Nogja said, adding funds would be sourced through various options such as equity from all the promoters, debt, private equity and joint ventures.
Over 200 million sq ft area would be developed in the Lavasa project comprising housing, villas, hotels, hospitals and various other facilities. Besides Lavasa, HCC is developing three townships in Mumbai, Nashik and Pune and an IT park in Mumbai covering two million sq ft area.