How do people invest in Indian real estate is beyond me. They are almost impossible to value, are mostly embroiled in cases,have short operating histories and a lot of them have dubious managment.Let me elaborate 1) I have not found a single brokerage report from the “sophisticated” banks that give any decent way to value […]

Orient Green Power Ltd (OGPL), is planning to raise  Rs 900 crore to fund its expansion plans of raising capacity to 1000 MW by 2013 from the less than 200 MW now.Shriram EPC, Bessemer andOlympus Capital are the promoters of this company started in 2007 . From its website OGPL is a leading renewable energy […]

Pseudo Green company Codexis which makes enzymes for use in the pharma and biofuel industry managed a strong performance on Friday to close up 8% higher from its IPO prices of $13. Like the other green IPO A123 Systems this company does not have great financials with losses in the last 2-3 years and prospective […]

Markets are making new highs despite the Greek debt crisis continuing to fester.While the global earnings pictures seems one reason why the markets are going up the global macro picture does not seem to be improving . The Greek debt episode seems to be pushed to the side which seems very complacent since a default […]

With the Indian government showing its strong intent to install large amounts of solar 20 GW by 2020 and enacting a sort of FIT of 40c/KwH , everyday new companies are making an entry. Areva the French capital goods giant is getting ready to supply thermal equipment to the Indian developers who must be frothing […]

General stock market Wisdom tells us that low quality IPOs are a sign of a market top . Going by the recent spate of low quality issues in the Indian market . Goenka Diamond,Ganesh Jewellery,Pradip Overseas and now two more in the shape of Nitesh Estates and Tawalkar Gym  could indicate one. However these issues […]