IVRCL Infrastructure and Projects

Resistance and Support level

Posted by : sankarantpr
Price when posted : BSE: Rs 222.90 ( -6.99 % ), NSE: Rs. 224.25 ( -6.31 % )

View full thread (1 messages)

Tracked by: 0 Boarder

The Resistance and Support level for
Monday(06.10.08)

R1 237.75 R2 251.35 R3 262.95

PIVOT 226.15

S1 212.55 S2 200.95 S3 187.35...

RESISTANCE AND SUPPORT LEVEL

Posted by : sankarantpr
Price when posted : BSE: Rs 239.65 ( 2.04 % ), NSE: Rs. 239.35 ( 2.46 % )

View full thread (1 messages)

Tracked by: 0 Boarder

The resistance and support level for tomarrow (03.10.08)

R1 247.50 S2 255.70 S3 .85

PIVOT 238.35

S1 230.15 S2 221.00 S3 212.80...

Analysts' pick: IVRCL

Posted by : sankarantpr
Price when posted : BSE: Rs 239.65 ( 2.04 % ), NSE: Rs. 239.35 ( 2.46 % )

View full thread (1 messages)

Tracked by: 0 Boarder

Broking house Prabhudas Lilladher has maintained its ‘buy’ rating on the stock saying the stock is attractively valued at 14.5 times FY09 (estimated) earnings and 11.2 times FY10E earnings at the current market price.

“We expect the company to register a CAGR (compound annual growth rate) of 32% and 25% in revenues and PAT (profit after tax), respectively, for FY08-10(estimated),” said the broking house in a note to its clients.

According to the broking outfit, a substantial order book growth would be the primary driver of revenues for the company.

“The order book as on May 2008 stood at Rs 12,200 crore (year on year growth of 71%) as against Rs 7,100 crore. On account of focus on cash contracts, IVRCL enjoys a healthy order book position amongst the peers,” the note said.

IVRCL has improved upon its Sales/WC (working capital) ratio at 1.9 times as against 1.7 times in FY07 and is expected to maintain the same, says the broking house. “We believe that NWC (net working capital) position in future will depend upon order intake and projects reaching revenue reorganisation level,” the note added.
CMP: Rs 235.05
Target price: Rs 308

COURTESY:ET

...

Awarded aproject of Rs 4.18 bn

Posted by : ZeeNut
Price when posted : BSE: Rs 232.80 ( -4.12 % ), NSE: Rs. 232.75 ( -4.88 % )

View full thread (2 messages)

Tracked by: 0 Boarder

The company is one of the biggest players in the water infrastructure sector, along with it's subsidiary Hind Dorr-Oliver. The water sector along with agriculture & fertilizer sectors could be the leaders in the next bull run, whenever that happens....

In reply to:

Awarded aproject of Rs 4.18 bn

Posted by : rvk41

IVRCL Infrastructures & Projects (IVRCL) announced that it has been awarded the lift irrigation project viz. `Execution of PUNASA Lift Irrigation Scheme` including its distribution network by pipelines to cultivate about 35008 Hectares of Culturable Command Area (CCA).

The project is on Turn Key Basis and maintenance of complete commissioned scheme is for one year, at a project cost of Rs 4.18 billion from Narmada Development.

Division No. 25, Khandwa, Madhya Pradesh, is to be completed in 36 months

For information,with regards
rvk41

Awarded aproject of Rs 4.18 bn

Posted by : rvk41
Price when posted : BSE: Rs 232.80 ( -4.12 % ), NSE: Rs. 232.75 ( -4.88 % )

View full thread (2 messages)

Tracked by: 0 Boarder

IVRCL Infrastructures & Projects (IVRCL) announced that it has been awarded the lift irrigation project viz. `Execution of PUNASA Lift Irrigation Scheme` including its distribution network by pipelines to cultivate about 35008 Hectares of Culturable Command Area (CCA).

The project is on Turn Key Basis and maintenance of complete commissioned scheme is for one year, at a project cost of Rs 4.18 billion from Narmada Development.

Division No. 25, Khandwa, Madhya Pradesh, is to be completed in 36 months

For information,with regards
rvk41...

Large order does not stop slide in IVRCL Infrastructure

Posted by : prasadrn
Price when posted : BSE: Rs 225.20 ( -7.25 % ), NSE: Rs. 230.20 ( -5.93 % )

View full thread (2 messages)

Tracked by: 0 Boarder

Hello Marketman,

When do you expect the markets to bottom out, both in terms of time and points (sensex). Can we expect the markets to slde untill the elections next year. If so, where would you expect the sensex to touch before it starts looking northwards.

Prasad
...

In reply to:

Large order does not stop slide in IVRCL Infrastructure

Posted by : zoombusiness

Large order does not stop slide in IVRCL Infrastructure

Large order does not stop slide in IVRCL Infrastructure

Posted by : zoombusiness
Price when posted : BSE: Rs 228.65 ( -5.83 % ), NSE: Rs. 229.50 ( -6.21 % )

View full thread (2 messages)

Tracked by: 0 Boarder

Large order does not stop slide in IVRCL Infrastructure ...

NSE Announcements on IVRCL Infras

Posted by : MMB Messenger
Price when posted : [IVRCL Infras - BSE:Rs. 229.05 NSE:Rs. 229.50 when posted]

View full thread (1 messages)

Tracked by: 0 Boarder

Ivrcl Infrastructures & Projects Ltd. has informed the Exchange regarding a press release dated September 29, 2008, titled "IVRCL Bags Lift Irrigation Project Valued Rs. 418.50 Crores which is as follows: "IVRCL Infrastructures & Projects Limited (IVRCL) is glad to announce that the Company has been awarded the lift irrigation project viz. "Execution of PUNASA Lift Irrigation Scheme" including its distribution network by pipelines to cultivate about 35008 Hectares of Culturable Command Area (CCA) on Turn Key Basis and maintenance of complete commissioned scheme for one year, at a project cost of Rs.418.50 Crores from Narmada Development Division No. 25, Khandwa, Madhya Pradesh, to be completed in 36 months"....

BSE Announcements on IVRCL Infras

Posted by : MMB Messenger
Price when posted : [IVRCL Infras - BSE:Rs. 231.90 NSE:Rs. 231.50 when posted]

View full thread (1 messages)

Tracked by: 0 Boarder

IVRCL Infrastructures & Projects Ltd has informed BSE regarding a Press Release dated September 29, 2008 titled "IVRCL Bags Lift Irrigation Project Valued Rs 418.50 Crores"...

dividend

Posted by : prasadrn
Price when posted : BSE: Rs 255.90 ( 2.24 % ), NSE: Rs. 256.15 ( 1.91 % )

View full thread (3 messages)

Tracked by: 0 Boarder

(A news item for ET internet edition)
MUMBAI: Prabhudas Lilladher has maintained ‘buy’ on IVRCL for a target price of Rs 308, an upside of 23.3 per cent from current level.

For IVRCL, water infrastructure has continued to be the dominant business in 2007-08, spanning across the entire value chain from irrigation to water supply and sanitation. The company has spread its wings pan-India for irrigation projects.

The order book as on May 2008 stood at Rs 12,200 crore (YoY growth of 71%), as against Rs 7,100 crore during the same period last year. As a result of robust order intake and faster execution, IVRCL posted a 58 per cent year on year growth in sales to Rs 3,600 crore.

For fuelling the growing order book, IVRCL has continued borrowing mainly for capital expenditure and meeting its working capital needs. As a result, the secured loans continued to grow from Rs 380 crore in 2006-07 to Rs 580 crore in 2007-08. Unsecured loans continued to increase on account of short-term (repayment within a year) loans.

Net working capital has shown an increasing trend since 2006-07 which stood at Rs 1,900 crore (46% YoY increase) in 2007-08. This increase was primarily owing to an increase in the level of debtors and inventories and decline in the level of creditors. Loans and Advances to subsidiaries have declined on account of repayment of short term loans by IVR Prime.

At the market price of Rs 250, the stock attractively trades at 14.5x FY09E earnings and 11.2x FY10E earnings.

Prabhudas expects the company to register a CAGR of 32 per cent and 25 per cent in revenues and profit after tax respectively for FY08-10E. ...

In reply to:

dividend

Posted by : souravkundu

Dear ambrishkapoor,

I've already received the dividend on Friday.

regards sourav

go shot tomorrow down market

Posted by : cccjj

View full thread (1 messages)

Tracked by: 0 Boarder

hai freinds go shot tomorrow market will down at 260 go shot and book the profit at 248 ok enjoy ...

dividend

Posted by : souravkundu
Price when posted : BSE: Rs 248.75 ( -1.15 % ), NSE: Rs. 250.20 ( -0.48 % )

View full thread (3 messages)

Tracked by: 0 Boarder

Dear ambrishkapoor,

I've already received the dividend on Friday.

regards sourav...

In reply to:

dividend

Posted by : ambrishkapoor

when the dividend is going to come?

Ivrcl near term down target=225....

Posted by : prasadrn
Price when posted : BSE: Rs 251.25 ( -0.16 % ), NSE: Rs. 252.00 ( 0.24 % )

View full thread (20 messages)

Tracked by: 0 Boarder

Thanks Marketman and Sourav. ...

In reply to:

Ivrcl near term down target=225....

Posted by : marketman

Yes,still it is looking weak on many ways.... can come down to below 200 as you expect during these bearish days.... now,fiis are not crazy about the stock as before,recent institutional selling may keep pressure on the counter in the short term....

dividend

Posted by : ambrishkapoor
Price when posted : BSE: Rs 249.00 ( -1.05 % ), NSE: Rs. 251.00 ( -0.16 % )

View full thread (3 messages)

Tracked by: 0 Boarder

when the dividend is going to come?...

Ivrcl near term down target=225....

Posted by : marketman
Price when posted : BSE: Rs 251.65 ( 7.38 % ), NSE: Rs. 251.40 ( 7.00 % )

View full thread (20 messages)

Tracked by: 0 Boarder

Yes,still it is looking weak on many ways.... can come down to below 200 as you expect during these bearish days.... now,fiis are not crazy about the stock as before,recent institutional selling may keep pressure on the counter in the short term.......

In reply to:

Ivrcl near term down target=225....

Posted by : souravkundu

Dear marketman,

Now that IVRCL has achieved the downward target what are your views about the stock? Do you see it going back at those levels again?

Going by the volume of the shares traded when the stock was going down, I feel the worst is not yet over... a dip below 200 seems imminent for me in the near term.

Ofcourse over the long term I do not have any doubts but its about the short term that I am concerned.

Do let me know your views on the same.

Regards,
Sourav