UltraTech currently has 19% market share with Shree Cement commanding 22% of the market
Valuations of broking companies have halved since January 2008. Patient investors can start accumulating selective stocks with a long-term perspective.
The progress of the GST Bill in Parliament is also likely to remain in focus
The BSE Mid-Cap index was currently up 0.83%. The BSE Small-Cap index was currently up 0.8%.
Buying stocks during bad times can lead to good returns.
A total of 25 companies raised Rs 28,220 crore during the financial year.
Companies featuring in the Next 500 list are mostly mid-sized and termed as the 'small wonders' by the magazine.
Top companies in China are valued at 7.7 times the trailing 12-month earnings against a P/E ratio of 18.6 times for Nifty 50 companies.
This feat was achieved 25 years after the mutual funds industry was opened to private players. The industry now aims to achieve the next Rs 25 trillion in 5 years.
On the lines of Shariah-compliant products, intermediaries ask exchanges to consider investment benchmark.
Sebi on April 4 gave the brokerages 60 days to have their books vetted by third-party auditors.
Pharmaceutical major Matrix Laboratories, public sector oil producer Oil and Natural Gas Corporation and Ranbaxy Laboratories have emerged as the fastest, biggest and the most consistent wealth creators for year 2006
How domestic financial players are re-inventing themselves to get a larger share of the pie.
Given the uncertainty on the US economic outlook, the rising rupee, and the lack of clarity on imposition of fringe benefit tax on stock options, analysts believe the companies may strike a note of caution on FY08 earnings.
The thrust, they feel, remains on design thinking, AI and digital besides enhanced focus on investing in selling and marketing efforts, expanding local talent base and re-skilling staff
According to the Sebi circular, commodities that require price control measures will be less conducive for the derivatives market.
Midcaps to remain at a significant discount to large caps
Bids for the issue, which opens on January 23 and closes on January 25, can be made for a minimum of 18 shares and in multiples of 18 thereafter.
Banking and telecom will see the highest impact of this transition.
The shares - close to 30% of the total holding - are expected to list on rival National Stock Exchange on or around February 3.
'Four times in Indian history, in 1992, 2000, 2007 and now, markets are at 25 times price-earnings.'
Making the best of the boom in the stock market, five leading textile companies are set to raise about Rs 1000 crore (Rs 10 billion) through IPOs.
Infosys is looking for acquisitions but for innovative reasons instead of revenue priorities.
Delay in the recovery in earnings has led Macquarie, Barclays and Ambit to downgrade Indian shares over the last few days.
Market breadth is positive with 942 advances and 196 declines.
If the rupee falls further, it would negatively impact the dollar-based returns of foreign investors, and could influence foreign flows into India.
Raamdeo Agrawal of Motilal Oswal Securities believes that the scope for surprises in the market in 2007 is limited; he expects 17-18% returns. Moreover, he says that there is no major concern at Sensex valuation of 17-18x.
The BSE MidCap and SmallCap indices during this period have outperformed the blue-chip indices.
Raamdeo Agarwal of Motilal Oswal Securities believes that the current market valuations are fair. He feels that the market is still buoyant and the sentiment will remain positive.
'Experts are not ruling out further pain as global factors cannot insulate India from the aftermath.'
Stick to export-focussed plays, large-caps, say analysts
In the quarter, Cognizant's revenue grew one per cent over the past quarter in North America.
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