Tushar's Stock Tips: Sharekhan Investor's Eye dated November 16, 2007

Saturday, November 17, 2007

Sharekhan Investor's Eye dated November 16, 2007

STOCK UPDATE

Network18 Fincap
Cluster: Emerging Star
Recommendation: Buy
Price target: Rs651
Current market price: Rs452

Listing of Web18 to unlock value
Network18 group has grown by leaps and bounds over the last couple of years in the fast growing Indian media and entertainment space. Network18 Fincap Ltd (Network18) the holding company of the Network18 group controls TV18 that owns two premium properties in the business news genre CNBC TV18 and Awaaz. Network18 group also owns a majority stake in GBN, the company that runs the group's general news channels CNN-IBN and IBN7. GBN also represents the entertainment arm of Network18 with its planned entry in the general entertainment genre, the biggest segment in Indian television entertainment, with the launch of a Hindi general entertainment channel through Viacom18.

SECTOR UPDATE

Cement

Industry dispatches up 9% during October
The industry dispatches maintained its growth rate of 9% year on year (yoy) in October. Among the top majors, both ACC and Ambuja Cements resumed their pre-monsoon level dispatch figures. ACC recorded a dispatch growth of 6.7% yoy to 1.76 million metric tonne (MMT), whereas that of Ambuja Cements grew by 3.6 % yoy to 1.48MMT. As AV Birla group companies Grasim and Ultratech didn't witness any capacity additions in last one year, their dispatch growth remained flat.

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