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
Jyoti Structures on Tuesday said it has bagged two orders worth Rs 253 crore from Uganda Electricity Transmission Company Ltd and Eskom Enterprises (Pty) Ltd for construction of transmission lines. The company has bagged Rs 160-crore order from Uganda Electricity Transmission Company Ltd for construction of transmission lines and sub-stations. Besides, the company's joint venture company Jyoti Structures Africa (Pty) Ltd has bagged a contract for Eskom Enterprises (Pty) Ltd, the electricity utility of South Africa for construction of transmission line. The scope of the order from Uganda Electricity Transmission Company includes supply and erection of Bujagali Interconnection Project, the manufacturer of transmission line towers informed the Bombay Stock Exchange. The contract valued at around $39.64 million (Rs 160 crore) is to be executed in 24 months, the company said, adding the company would construct 220 kV and 132 kV transmission lines and substations.
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