News You Can Use
SKF India - Frictionless Performance
Recommended by Sharekhan with a price target of Rs. 406. Reinforced by these reports of Forbes and Bloomberg. Don't forget to read what the reports say about India and... alas.. China.
Pantaloon - A Comestic Change
Having established itself as a major player in the retail space, Pantaloon Retail is now foraying into the services area with an entire range of diagnostic healthcare centres and beauty salons. The first of the salons, Star and Sitara, will open in Bangalore in March and is aimed at the same profile of customers who visit a Big Bazaar outlet.
“Any customer who is comfortable in a Big Bazaar will feel at home here as well,” says Kishore Biyani, managing director, Pantaloon Retail. “Health and beauty forms about 10 per cent of a consumers expenses, and we intend to capture part of that outgo,” he added.... Read Full Story
Logix Microsystem - A Logical Step
GE Shipping’s Executive Vice-President Ravi K Sheth raised his stake in Logix Microsystems, a Bangalore-based specialised software development firm, to 14.05 per cent.
Sheth, who was holding around 13.90 per cent stake in the company, acquired an additional 0.15 per cent stake on Wednesday. He was holding 9,82,899 shares on January 31, 2005. With the latest acquisition, Sheth got 10,546 shares more taking his tally to 9,93,445 shares..... Read Full Story
posted by Raj @ 3:28 PM
2 comments
2 Comments:
Raj...i dunno if u care to address individual's queries..i want to know ur comments on Sasken..as i have 60@336..and oflate its crashing..should i accumulate this...to my knowledge its a really good stock...but cos of poor results in 2 continous quarters...anyways..ur comments?..
Sasken is a niche player in Telecom and Communication Sector somewhat like Subex Systems and the company is very good. Though the quarterly numbers don't look good on the face of it but nine months net profit increased by 40 % (YOY). Just look at the shareholding pattern of Sasken for period ending Dec 05. FIIs like Taib Securities Mauritius Limited holds 4,00,056 shares (1.44 %), India Capital Fund Limited holds 4,17,175 (1.5 %), Carlson Fund Equity - Asian Small Cap holds 3,06,034 shares (1.1 %), Deutsche India Equity Fund holds 2,83,880 shares (1.02 %). Foreign VC Companies like MVC VI FVCI Limited holds 13,00,500 shares (4.68 %) and Indian VC Cos. like IL&FS Trust Co Ltd. A/c. Leverage India Fund holds 4,82,278 shares (1.73 %), Foreign Investors - Nortel Networks Mauritius Ltd. holds 32,28,334 (11.61 %), Foreign Investors - Intel Capital Corporation holds 24,50,000 shares (8.81 %), Foreign Investors - Nokia Growth Partners holds 6,00,000 shares (2.16 %) and Foreign Investors - Intel Pacific Inc. holds 54,000 shares (1.63 %).
Even though valuations are stretched at this point of time, I remain bullish on Sasken.
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