Weak consumer sentiments and delayed festive season as compared to previous year impacted TTK Prestiges' sales for the latest September quarter.
Re gain has boosted sentiment relating to Adani Power. Besides, the correction in Indonesian coal prices has helped the company's stock gain over 23% in the last one month.
At a time when macro economic factors are slowly tilting in favour of real estate companies, investor sentiments relating to DLF have been dampened by the recent controversy.
PowerGrid’s net profit has doubled in the last three years. Three foreign brokerages have estimated that the company’s earnings are likely to grow at 17-20% for the next three years.
Shobha developers have reported highest ever presales in the September quarter. The company was able to achieve this by re-launching of its old projects at lower selling price.
In the Septermber 2012 quarter, the overall power generated is estimated at around 223 billion units, 3% higher as compared to the generation in the corresponding quarter last year.
Non-core asset sales and launch of new projects are likely to improve DLF’s cash flow in the second half of the current year.
Raymond recently gave a presentation to its investors on supply chain management highlighting the importance of supply chain management.
The company's strong partnership with Ajay Piramal group and conservative accounting practice makes it more attractive from the investment point of view.
The current valuation of price to earning 36 is not justified and the stock is likely to under perform in the coming quarters.
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