CLSA initiates 'buy' on Prestige Estates; sees 29% upside




CLSA initiates 'buy' on Prestige Estates; sees 29% upside

Dated:26 October,2012

Top Headlines

Sensex fell to one-week low of 18,625.34, down 133.29 points, pulled down by RIL, ICICI Bank, HUL and ITC as investors booked profits ahead of next week's RBI monetary policy.


The brokerage expects the company's rental income to rise from Rs 2 billion in FY13CL to Rs 4 billion plus exit rate by FY15CL.


Sun TV Network Ltd slipped over 7 per cent in trade on Friday, extending its yesterday's fall of 3 per cent.


Views on Stocks/Markets

IPO/Global Markets


Rupee / Gold


More 'Market' News

The key is for India to demonstrate that it will continue to be a growth and differentiated economy compared to other economies.

Though ZEE had sharp growth in its revenues for the Sept quarter, going ahead, the co's new investments would put pressure on its margins.

Shares in State Bank of India fall 1.2 percent on concerns of a potential increase in bad loans in the July-September quarter.
Market Round-up
SENSEX 18625.34 -133.29
NIFTY 5664.30 -41.00
NASDAQ 2141.54 17.78
DJIA 10060.06 19.61
RS/$ 46.79 -0.14
NSE Gainers
Scrip Price(Rs.) %Change

22.85 + 15.11

3.15 + 14.55

26.45 + 12.55

90.65 + 12.05

44.15 + 9.69
NSE Losers
Scrip Price(Rs.) %Change

280.75 -15.04

12.30 -13.68

11.45 -11.92

56.70 -9.93

72.85 -9.45

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