Sunday, January 30, 2011
With automobile and commercial vehicle makers making a big push into rural and semi-urban areas, credit needs in these markets are likely to explode. Mahindra & Mahindra Financial Services (Mahindra Finance), which funds tractors, utility vehicles and light commercial vehicles, thus appears to be a good investment option.
Good results, bright prospects in the domestic and export markets and better growth expectations from its joint venture companies make Cadila Healthcare a good investment bet for the long-term.
At the current market price of Rs 812, the stock trades at about 21 times its likely FY-12 per share earnings.
OnMobile Global Services is well placed to benefit from the rising demand for mobile value-added services, with telecom tariffs stabilising and the launch of 3G services. Given its return to the growth path and strengthening international operations, investors can buy the stock.
An automotive segment in high gear, premium product mix, and a formidable brand bode well for the prospects of Castrol India, a leading player in the lubricants market in the country. Also, the company has been consistently posting solid financials, and has a very high dividend-paying track record.