Raise target price to Rs5,516
We increase our target price to Rs5,516 (from
Rs4,400 earlier) on the back of an earnings revision and rolling forward our P/E
multiple (30x) to FY09E. We now expect earnings CAGR of 42% over the CY06-
09E with RoEs at the ~35% levels driven by sales CAGR of 40%.
At a ~ 50% premium to [...]
Recently, one of my friend got an email from BBrown(at)comdes.com asking him to call them regarding an “urgent business matter” at 1-888-241-8960. This was in connection with his Paypal account. B. Brown is the “Collections Manager” in a collection agency called I.C. System based in Minnesota.
According to my friend, they’re not very pleasant to work [...]
The Indian rupee is trading just short of a nine-year peak on Friday, on sanguine cues from other high-yielding Asian currencies that rose against the dollar, and strong foreign investments in local stocks.On July 18thh 2007, it was trading just short of a 40.28, its strongest since May 1998.
“The flows are strong this morning, but [...]