Jan. 31 (Bloomberg) — Suzlon Energy Ltd., India’s biggest maker of wind-turbine generators, said it expects orders to increase this year as a recovering global economy rekindles investments in alternative energy projects.
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Archive for January, 2010
Suzlon Energy Expects More Orders on Alternative Energy Demand
January 31st, 2010Suzlon net rises 14%
January 31st, 2010Jan. 30 (Bloomberg) — Suzlon Energy Ltd., India’s biggest maker of wind-turbine generators, reported an unexpected profit in the third quarter after selling a stake in a unit.
Net income, including that of subsidiaries, was 141 million rupees ($3.05 million) in the three months ended Dec. 31, compared with a 648.7 million-rupee loss in the year-earlier period. The median estimate of nine analysts compiled by Bloomberg was for a loss of 389 million rupees.
http://www.bloomberg.com/apps/news?pid=20601091&sid=a42R8puf_fXI
Bharti Airtel and Limelight Networks partners for global Content Delivery Network services
January 21st, 2010Bharti Airtel, Asia’s largest integrated telecom provider today announced a strategic partnership with Limelight NetworksR for Content Delivery Network (CDN) services in the Indian market place. The partnership will help Limelight NetworksR to expand its access in one of the fastest growing CDN markets and enable its customers, access to Bharti Airtel’s state-of-the-art IP network in India. With this agreement, Bharti Airtel will now be able to offer Indian content producers, industry leading solutions for the delivery of rich media and enterprise applications, as well as direct access to consumers accessing the Internet, over 900 last mile networks that are directly connected to Limelight Networks’ global platform.
Related Link:
Drops Savings and Investments recommends investment in Bharti Airtel
Suzlon bags order for 4.2 MW from Sweden co Triventus AB
January 17th, 2010Suzlon bags order for 4.2 MW from Sweden co Triventus AB
Suzlon Wind Energy A/S (SWEAS), the international business arm of Suzlon Energy Limited – broke new ground with its first order in Sweden. The order from Triventus AB, the highly respected wind power developer and consultant in Sweden, comprises of two S88-2.1 MW wind turbines. The 4.2 MW Assjö project, located 150 km from Göteborg and Stockholm, will be delivered by SWEAS through a contract that covers engineering, procurement and construction.
Related Link: Drops Savings and Investments recommends investments in Suzlon Energy with a long term perspective
Germans to profit from British wind boom
January 17th, 2010Germans to profit from British wind boom:16 January 2010
BERLIN, Jan. 15 (UPI) — Britain’s multibillion-dollar offshore wind adventure is great news for two German companies: Siemens and Repower are the only companies producing turbines for farms at sea, but several others are poised to enter this lucrative emerging market.
Germany-based turbine maker REpower is owned to 90 percent by Indian competitor Suzlon.
Excerpt from: UPI.com
Related Link: Drops Savings and Investments recommends investments in Suzlon Energy with a long term perspective
Recommendation for January 2010
January 14th, 2010We do not recommend any stock this month as the prices of the shares in our watch list has gone up far from its fair value which give little room for any reasonable return in the long run. However we remain with our recommendation of Bharti Airtel and Suzlon Energy in the last two months.
We recommended Bharti Airtel in November 2009 while its price was Rs. 299.95 and it has gone up by 6% since then. At the same time, Suzlon Energy which was recommended in December 2009 at a price of Rs. 83.10 has gone up by 12% so far. We still believe that it will give good return in the long run even from its current level and if you have not bought it yet, you may consider fresh investment now.
Selling Gujarat Gas Company
January 11th, 2010It is time to be more cautious on share market in India. I am gradually offloading some of the shares prices of which has reached its reasonable valuation and achieved my target. At this time, I would prefer to sit more on cash rather than buying anything in haste.
Today, I am selling Gujarat Gas Company on a return of 97% in a holding period of 21 months! I bought this in April-May 2008 at an effective average cost of Rs. 125.67 (adjusted for bonus shares) which now stands at Rs. 247.60.
I still see buying opportunity in Suzlon Energy and Bharti Airtel. But I am not buying it right now as these shares already constitute 6.5% and 10.8% of value of my holding respectively. One should be disciplined and should avoid concentration of investment in a few shares, even if it looks attractive to buy more.
105% return in a year!
January 3rd, 2010In the year 2009, my equity portfolio gave me a return of 105%! At the same time, Sensex gained 81% and Nifty 76%. For the two year period from January 1, 2008, my return is 38% while it was a loss of 14% for both Sensex and Nifty! This is the power of long term view of investment. It is not the up and down of the Sensex that determines your return. It is based on what companies you invest in! If you invest in good companies, don’t bother about the movements of Sensex. Shortlist good companies, and invest at the right price! By investing with a long term view, you don’t have to hook up in front of computer screen watching the market movement every day.
My current holdings has 15 companies which now has gained altogether 40%. Since the market has shoot up too much so fast recently, I am currently not buying any thing aggressively, but selling those which have achieved my target. I still hold some shares that I bought in March 2006! Average holding period of my current holding is 18 months. My largest holding is Infosys Technologies.
Suzlon Energy is the biggest gainer in my current portfolio which stands at 132% and I will be holding it for some more longer time. I am holding it since December 2008. Tata Communications which I bought recently is at a loss of 4%.
The highest return on shares that I sold during 2009 was on Tech Mahindra. It was sold with a gain of 270% in 10 months! And my biggest loss in one company was 92% on Gremach Infrastructure. In fact, Gremach was not a good company that qualify for investment as per my investment principle. It was a mistake.
At the moment, I would be more cautious until a correction, but would not hesitate to invest if I find a good company at the reasonable price. I don’t listen to brokers call. I depend on independent research reports, most of them paid service and some comes free. But it is worth paying. Drops Savings Investments suggest one company a month which is at attractive valuation at the time of recommendation. This recommendation is made after studying various research reports and company reports and continuously tracking its price movements and news. This is from the watch list that I track for my own investment and it is what I would be investing.
You are free to contact me at any time and it would be my pleasure to give my suggestion at any time.
