The Hindu Business Line : Kale Consultants up on revenue prospects

A group of smart investors is understood to be drawn towards Kale Consultants Ltd in view of the company's revenue growth prospects after certain developments.

According to market sources, the company has been chosen as the third party interline revenue processing organisation by International Air Transport Association (IATA). "This has an indirect revenue implication as this rare recognition implies unique credibility of the company's expertise in e-ticketing and revenue accounting for international airlines," a FII fund manager commented.

It is expected that the company earnings may grow by 100 per cent in 2006-07 and would maintain this rate for the next few years on the back of increasing order flow for its solutions in the area of revenue accounting, cargo management and travel distribution. The current order book position is over Rs 300 crore, a top management source told Business Line. Bangkok Airways is the latest in its burgeoning client list.

The stock closed at Rs 92 with a gain of 1.43 per cent on the BSE.

Strong on realty sell-off buzz

The market talk regarding RPG Cables is centred around its real estate in Mumbai. According to dealers, the activity in the counter has recently improved on unconfirmed buzz that the company may dispose off a large part of the real estate to report a complete turnaround by the end of this fiscal.

The daily average traded quantity in the last 15 days in the counter is now clocking 66,099. However, price volatility has also been very strong. Despite fluctuations, in the last one-month, the stock has gained by over 12 per cent at Thursday's closing price of Rs 39. On January 25, it had moved up to Rs 44.

Down on unloading spree

There is a scare among some market operators that the regulator may soon clamp down on the illegal margin lending, indulged in by certain brokers. According to market sources, because of this panic, unloading of position in some counters is being witnessed. Falling price and high volume in Granules India stock in recent session is understood to be on account of sudden unloading spree. The stock has lost by over 9 per cent in the last one week. The fortnight's average volume in the counter has also shot up to 1.37 lack shares on the BSE. The stock on Thursday lost over 2 per cent to finish at Rs 107.50 on the exchange.

Jayanta Mallick

More Stories on : Stock Markets | Ear to the ground

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Bears prevail

Kale Consultants up on revenue prospects

Another volatile day for Sensex

Crisil, ICRA to offer IPO grading services — Fitch to `wait and watch'

`No police complaint against Bellary Steel'

SEBI cracks whip on Bellary Steel