Finquest's top midcap picks (CNBC TV 18 - moneycontrol.com 26th Dec 2007)Speaking to CNBC-TV18, Sejal Doshi, CEO, Finquest said that his top midcap picks are Garware Wall Ropes and Gammon India. Doshi added that Fareware Wall Ropes is widening its applications. Finquest likes the business model, where there is a CAGR growth of sales of 26%, over the next three years and profit growth of 35%. Doshi commented that they like Gammon India because of the embedded value, which are there in their infrastructure subsidiaries. They believe it will provide an upside to the valuations. ..More
The Royal Bank of Scotland (RBS) has picked up 0.60% stake in logistic services provider -- Gateway Distriparks. The bank has bought 6.40 lakh shares in the company for a total consideration of Rs 8.32 crore. Gateway Distriparks, incorporated in 1994, is engaged in the business of warehousing, container freight stations, providing handling and clearance of sea borne export-import trade in containerized form.
Comments