Friday, April 19News That Matters

Day: 27 February 2014

Stock Analysis – Speciality Restaurants

Stocks
Business Speciality Restaurants is a fine dining chain which has presence in 25 cities through its popular brands Mainland China, Oh! Calcutta, Global Grill, Sigree Global Grill, Mezzuna and Hoppipola. Over the next 2 years, it plans to add 25-30 outlets to its existing chain of 90 restaurants and 16 confectionaries. Financials The company's flagship brand Mainland China contributes 58 %  to its total revenues. The company's net revenue during the period grew to Rs 214.8 crore while its operating profit margin was stable at 21.9 per cent. compounded annual growth rate (CAGR) of 13.6 per cent in the past three years despite a fall in domestic discretionary spending. The company has managed a large part of this expansion from the proceeds of its initial public offering ( IPO) in 2012...

HDFC MF to raise Rs 1500 crore for real estate via HDFC AIF

News
27-Feb-2014 (ET) HDFC Mutual fund is planning to raise Rs 1500 crore to invest in real estate through its new division HDFC Alternate Investment Fund (AIF). The company has received its licence for alternative investment funds in 2013. Earlier HDFC Mutual Fund was investing in real estate through its division HDFC Portfolio Management Services. They had raised Rs 3,800 crore in 2008. In May last year, SEBI has notified the guidelines for alternative investment funds. The minimum investment under this category in Rs 1 crore.  These funds will be close-ended with a tenure of not less than three years and the maximum number of investors will be 1,000 entities. Other AIF Jones Lang LaSalle India's Segregated Funds Group closed its first real estate fund — Residential Opportunities Fund-I —...

Top 10 midcap stocks to bet in 2014 : Dolat Capital

Stocks
Here is a list of Dolat Capital's top ten stocks to beat volatility in markets for a period of 12 months:  The brokerage firm do believe that the economy and cyclicals may have seen the worst of troughs in this cycle, however any meaningful recovery in our opinion is only likely during FY16. What we are more curious to estimate is the pace of growth on the recovery mode, and how much can it justify the current valuations. And that will be significantly influenced by the political situation post May elections.  The key indices remain at the similar levels having corrected post the state election results rally. At 13xFY15, the brokerage firm believe we are in the perfect centre and could swing either ways 15-20 per cent next few months.   Company Target  Price Market Price...