In the past week, the stocks of these companies saw selling as the outlook on the market weakened after the sharp rise in crude price.
The company's stock is available at a 60 per cent discount to its gross March 2015 NAV compared to 18-47 per cent discount in other companies.
IFGL Refractories, India's largest refractory company by revenue and profit, has less than half the market capitalisation of its peers Vesuvius and Orient Refractories.
Jaypee Power Ventures, Lanco Infratech, GMR Infrastructure, others queue up to sell power assets to NTPC
Lanco, which has coal-fired power plants with a capacity of about 3,000 MW, had publicly stated its intention to sell some assets.
The analysis of the results of 1,650 companies — excluding banking and finance, and oil and gas players — shows IT, telecom and some smaller industries.
Operating margins are seen at 7.5% versus 9% in the previous March quarter. Anything higher than this could be positive for the company's stock.
Curiously, hotel stocks – Indian Hotels, EIH and Leela Ventures – have already started to see some investor interest. And even though the markets closed flat on Tuesday, all these hotel stocks were up 6-10%.
Its Indian business reported ebidta/tonne of Rs 17,000 against an expectation of Rs 14,500. This is because of higher realisation.
Investors need to be a little cautious of the recent rally in real estate stocks, led largely by the anticipation that a business-friendly govt will assume power.
The Kerala-based company exudes confidence that its overall performance will be much better in the current fiscal.
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