Infrastructure Sector

Lanco Infratech bags Rs.365.28 crore order in Iraq

Lanco Infratech bags Rs.365.28 crore order in IraqNew Delhi, June 21 : Infrastructure firm Lanco Infratech Limited (LITL) Tuesday said it has bagged an order worth Rs. 365.28 crore ($81.33 million) for a power plant in Iraq, its first international engineering, procurement and construction order.

The scope of the work includes complete engineering, procurement and construction of an open cycle gas-based thermal power plant with two frame gas turbine generator sets supplied by General Electric International.

IVRCL quarterly profit plunges 24.6 percent

IVRCL quarterly profit plunges 24.6 percentMumbai, May 30 : Infrastructure firm IVRCL Limited Monday reported a 24.6 percent decrease in net profit for the fourth quarter ended March 31 at Rs. 64.25 crore against Rs. 85.25 crore during the like period of the previous fiscal.

The total income, however, rose 8.56 percent at Rs. 2,052.21 crore during the period under review against Rs. 1,890.41 crore during the same period of the previous financial year, the company said in a regulatory filing.

The company has also bagged orders worth Rs. 893.66 crore for execution of water, buildings, power and transportation works.

Lanco Infratech net profit plunges 2.72 percent during FY2010

Lanco InfratechMumbai, May 30 : Infrastructure firm Lanco Infratech Monday reported a 2.72 percent decrease in its consolidated net profit for the fiscal ended March 31 at Rs. 446.07 crore as against Rs. 458.55 crore during the like period of the previous fiscal.

The net operating income also tumbled 4.89 percent at Rs. 7,783.73 crore during the period under review as compared to Rs. 8,184.04 crore during the like period of the previous financial year, the company said in a regulatory filing.

Hold Patel Engg With Stop Loss Of Rs 185

Hold Patel Engg With Stop Loss Of Rs 185Technical analyst Anu Jain has maintained 'buy' rating on Patel Engineering Limited stock with a target of Rs 206.

The analyst said that the stock can be purchased with a stop loss of Rs 185.

The stock of the company, on April 05, closed at Rs 190.90 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 500 and a low of Rs 132.50 on BSE.

Current EPS & P/E ratio stood at 16.34 and 11.73 respectively.

RTA Chief for expediting work at Dubai tram project

Mattar Al Tayer, the Chief of Dubai transport, has directed the concerned authorities for expediting the Al Sufouh tram project.

The RTA's chairman and executive director said that message has been conveyed to with contractor, the Alstom-Besix Consortium for speedy completion of the project, 30 percent of which has been completed till now.

Work on the project was started in January at a time when financial crisis grappled the region. Al Tayer said, "The RTA has agreed with the Alstom-Besix Consortium to step up the work tempo in the project, the first stage of which is set for completion in 2014."

Dubai's Depa records $53.9m net loss in previous year

Dubai based interior contractor Depa Ltd has announced its financial figures for the year 2010 reporting a net loss of $53.9m. Firm’s operating loss, according to a statement posted on Nasdaq Dubai, stood at AED3.8m for the year.

Mohannad Sweid, Chief Executive, termed the year 2010 as "recession year" for the firm and said that it had seen a very challenging period. He, however, projected rosy picture of the future adding that it would return to profit in the coming period. He was relying on impending infrastructure projects and hoped that the forthcoming FIFA World Cup would definitely push its growth.

Civic officials for new building codes for Abu Dhabi

Officials of the International Code Council and the Department of Municipal Affairs (DMA) held a meeting yesterday for setting up revised guidelines for the construction sector of emirates of Abu Dhabi. DMA said in a statement that the new rules discussed in the meeting are aimed to encourage professionalism throughout the sector.

Ahmad Shareef, undersecretary at the DMA said, "The ICC and DMA have been working together to formulate the new Abu Dhabi building codes and to develop the best practice standards in the building and construction industry in the emirate.”

Reliance Infra Has Resistance At Rs 710

Reliance Infra Has Resistance At Rs 710Technical analyst MB Singh is bullish on Reliance Infrastructure Limited and has maintained 'hold' rating on the stock with a target of Rs 850.

Mr. Singh said that the stock has resistance of Rs 710.

The analyst also said that the stock can be purchased with a stop loss of Rs 570.

Today, the stock of the company opened at Rs 639.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1225 and a low of Rs 555.15 on BSE.

Current EPS & P/E ratio stood at 31.17 and 20.32 respectively.

Intraday Buy Call For IDFC

Intraday Buy Call For IDFCTechnical analyst Ashutosh Sarna has maintained 'buy' rating on Infrastructure Development Finance Company Limited (IDFC) stock with a target of Rs 155.

Mr. Sarna said that the investors can buy the stock with a stop loss of Rs 143.

The shares of the company, on March 23, closed at Rs 148.35 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 218.20 and a low of Rs 124.70 on BSE.

Current EPS & P/E ratio stood at 8.37 and 17.83 respectively.

Short Term Buy Call For Patel Engineering

Technical analyst Anil Singhvi has maintained 'buy' rating on Brandhouse Retails Limited stock with an intraday target of Rs 26.

According to analyst, the stock of the company can be bought with a stop loss of Rs 23.50.

The shares of the company, on March 22, closed at Rs 23.90 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 59.40 and a low of Rs 21 on BSE.

Brandhouse Retails has registered a marginal growth in its standalone net profit for the three month period ended December 2010.

During the period under review, the company's profit grew by 7.32% to Rs 75.51 million as compared to Rs 70.36 million during the corresponding period last year.

Buy Reliance Infrastructure With Stop Loss Of Rs 620

Buy Reliance Infrastructure With Stop Loss Of Rs 620Technical analyst Rakesh Gandhi of LKP Shares is bullish on Reliance Infrastructure Limited and has maintained 'buy' rating on the stock to attain a target of Rs 728.

Mr. Gandhi said that the stock can be purchased on dips with a stop loss of Rs 620.

Today, the stock of the company opened at Rs 660 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1225 and a low of Rs 555.15 on BSE.

Current EPS & P/E ratio stood at 31.17 and 20.78 respectively.

Buy IDFC With Target Of Rs 149.20

Buy IDFC With Target Of Rs 149.20Technical analyst Ashutosh Sarna has maintained 'buy' rating on Infrastructure Development Finance Company Limited (IDFC) stock to achieve a target of Rs 149.20.

According to analyst, the investors can buy the stock between Rs 142-144 with a stop loss of Rs 140.50.

Today, the stock of the company opened at Rs 145.75 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 218.20 and a low of Rs 124.70 on BSE.

Current EPS & P/E ratio stood at 8.37 and 17.36 respectively.

Long Term Buy Call For L&T

Long Term Buy Call For L&TTechnical analyst Rajesh Tambe of Sunchan Securities has maintained 'buy' rating on Larsen & Toubro Limited (L&T) stock to attain a long-term target.

Today, the stock of the company opened at Rs 1530 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 2212.50 and a low of Rs 1484.74 on BSE.

Current EPS & P/E ratio stood at 57.63 and 26.82respectively.

Larsen & Toubro (L&T) has registered a PAT of Rs 8,405.30 million for the three month period ended Dec 2010 as against Rs 7,588.20 million for the same period ended Dec 2009.

HCC Has Resistance At Rs 41

HCC Has Resistance At Rs 41Technical analyst Rajesh Satpute has maintained 'hold' rating on Hindustan Construction Company Limited (HCC) stock with a target of Rs 48-50 if it crosses its resistance of Rs 41.

According to analyst, the stock can be purchased with a stop loss of Rs 30.

Today, the stock of the company opened at Rs 35.20 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 74.85 and a low of Rs 32.05 on BSE.

Current EPS & P/E ratio stood at 1.51 and 23.22 respectively.

Buy IRB Infrastructure with target of Rs 230

Buy IRB Infrastructure with target of Rs 230IRB Infrastructure Developers Limited (IRB) is a proxy play in Indian Infrastructure story. It is the largest Built Operate and Transfer (BOT) player in Indian road network with over 16 projects under its portfolio. The company undertakes development of various infrastructure projects in the road sector through several Special Purpose Vehicles. IRB's work spans from building of roads, highways, bridges, and tunnels. Recently IRB has diversified its business into real estate development sector also.

INVESTMENT THESIS

Sell GMR Infrastructure with target of Rs 40-42

GMR-InfrastructureTechnical analyst Anil Manghnani of Modern Shares & Stock Brokers has recently given recommendation to sell the stock of GMR Infrastructure.

Today, the stock of the company opened at Rs 39.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 68.70 and a low of Rs 31.25 on BSE.

Current EPS & P/E ratio stood at 0.03 and 1,516.10 respectively.

Short Term Buy Call For IDFC

Short Term Buy Call For IDFCTechnical analyst Ashutosh Sarna has maintained 'buy' rating on Infrastructure Development Finance Company Limited (IDFC) stock with a short term target of Rs 165.

According to analyst, the investors can buy the stock with a stop loss of Rs 135.

The stock of the company, on March 04, closed at Rs 148 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 8.37 and 17.28 respectively.

The share price has seen a 52-week high of Rs 218.20 and a low of Rs 124.70 on BSE.

IDFC has decided to lift around Rs 2,172 crore via long-term infrastructure bonds.

YES Bank Short Term Buy Call

YES Bank Short Term Buy CallTechnical analyst Mitesh Thacker has maintained 'buy' rating on Yes Bank stock with short term targets of Rs 285 and 310.

According to analyst, the investors can buy the stock with stop loss of Rs 263.

Today, the stock of the bank opened at Rs 270 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 388 and a low of Rs 226 on BSE.

Current EPS & P/E ratio stood at 19.23 and 14.29 respectively.

During the last month, Yes Bank announced that it has enrolled the largest number of pupils from IIM-A.

RPP Infra Pockets Order Worth Rs 15 Bln; Stock Surges 7.9%

RPP Infra Pockets Order Worth Rs 15 Bln; Stock Surges 7.9%RPP Infra Projects has bagged mass housing deal in Republic of Gabon (RG) granted by the housing ministry.

The scope of the contract, which is valued at Rs 15 billion, includes construction and delivery of 10,000 houses in a period of 36 months in different stages.

The deal is awarded to the company on `design, build and transfer` (DBT) Model.

Under the contract, the administration shall allot 120 hectares of free land for building houses.

Buy IVRCL Infra For 35-40% Returns

Buy IVRCL Infra For 35-40% ReturnsTechnical analyst Lalit Thakkar of Angel Broking maintained 'buy' rating on IVRCL Infrastructure & Projects Limited stock.

According to analyst, the investors can buy the stock for 35-40% returns from existing levels.

Today, the stock of the company opened at Rs 70.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 194.40 and a low of Rs 63 on BSE.

Current EPS & P/E ratio stood at 6.70 and 10.69 respectively.



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