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Asian Paints

Recent performance of the company is robust despite increase in costs
Going forward, raw material prices may pressurize margins

ICICI Direct.com Research. Buy with a target of Rs. 2890 in 12 - 15 months. Upside: 11%
Emkay: Hold. Target of Rs. 2510
Citi: Buy/Low Risk. Target of Rs. 2772
Kotak Institutional: Buy. Target of Rs. 3000

Add commentJuly 30th, 2010

SKS Microfinance IPO

SKS Microfinance has come up with an IPO. The Issue opens on July 28, 2010 and closes on August 2, 2010. The Price Band is between Rs850-985.

SKS Microfinance (SKSMF) is a micro-finance company. It is the first such company to enter into the capital markets space. Here are recommendations for the IPO by some leading firms:

Angel Broking: Subscribe
IIFL: Subscribe
Anand Rathi: Subscribe
Fortune Interfinance: Subscribe. Target of Rs. 1205 in 1 year. Potential of 22% upside

Add commentJuly 29th, 2010

Mutual Fund Draft Offer Document filings - July 28, 2010

The following is a list of mutual fund draft offer documents that are submitted for SEBI and are now put on SEBI website for public to offer their comments on the adequacy of disclosures.

Birla Sun Life FTP - Series CE to Series CK
Principal Pnb FMP - 182 Days - Series I
Principal Pnb FMP - 182 Days - Series II
Tata FMP Series 28
Tata Natural Resources Fund
UTI - Fixed Term Income Fund - Series IX

Add commentJuly 28th, 2010

LIC Mutual Fund is now LIC Nomura Mutual Fund

Yet another development in the Indian Asset Management industry. LIC Mutual Fund now becomes LIC Nomura Mutual Fund.
Life Insurance Corporation of India (LIC) holds 65% of the total paid up equity share capital and will continue as the sole sponsor of the fund. Nomura will hold the remaining 35%. Because of this development, the trustee company will be named as LIC Nomura Mutual Fund Trustee Company Pvt Ltd. This also means that the names of the schemes that are currently prefixed with LIC MF will be called as LIC Nomura MF.

Add commentJuly 28th, 2010