>> Tuesday, December 30, 2008
Noida Toll Bridge - The traffic on the flyway is expected to increase at a healthy rate, mainly due to the ongoing residential and commercial development in Noida and Greater Noida.
Land bank on the either sides of the bridge is an additional asset. The company expects further 40% growth in its average daily traffic over next two years due to Commonwealth games to be held in Delhi NCR in 2010.
State Bank of India - Investors looking for a large-cap stock which will add value to their portfolio can consider accumulating the State Bank of India stock in declines.
Beaten down valuations, strong financials in an extremely challenging macro environment, with sustainable growth in advances, make the bank stock attractive. Though the bank trades at a premium to all public sector banks, this appears justified given the size of its balance-sheet and the huge market share, despite which it has delivered better financial performance than its peers.
Market share for the bank has improved in recent quarters.
NTPC - With its existing operations, ongoing expansion plans and high profitability, NTPC is favourably placed in the power generation space.
Further, the shortage in power supply, which is expected to remain in the medium to long term, will keep the capacity utilization of power plants at a high level.
Infosys - The best known IT stock from India.
Well reputed as a quality solution provider, has very long established relationships with a number of leading banks and corporates in the US and other places, impeccable record of transparency and good corporate governance and strong balance sheet are some of the features why we feel Infosys is a must in every investor’s portfolio.
LNT - India’s infrastructure story is best captured by L&T.
Strong management, healthy order book position, diversification across product categories and geographies are some of the strong points of this bellwether engineering company.
BHEL - Largest power component manufacturer in India. Strong order backlog, capacity expansion to meet demand and robust capex lined up for power projects augur well for the company's earnings growth.
Bank Of India - Bank of India has a strong balance sheet growth, stable margins and good quality assets.
The reduction in NPAs, increased book value and improvement in return on assets are indicators of the bank’s superior performance across parameters.
Bajaj Hindustan - The largest manufacturer of sugar in India. Sugar cycle seems to be turning around making this company, which has used the two year downturn to substantially increase its capacity, an extremely attractive buy.
By-product of ethanol and co generation of power are other strong points of this company. - ET
More to be continued.....