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Strategies & Market Trends : India Coffee House

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To: Fact4 who wrote (4270)	5/15/1999 7:30:00 PM
From: Mohan Marette	Read Replies (1) of 12475

Investments --> From The Insider. (Global Tele-Systems & NALCO) The Insider [May 10-15 1999] (ETonline) Pioneer of sorts HAVING changed the way Americans live, E-commerce is likely to start in this country by the end of this year. Seeing this as an opportunity, software and technology major Global Tele-systems is setting up a payment gateway system which will put it in the fore-front of the e-commerce activities. In addition, The Insider learns that the company is focussing on software exports. It is learnt that it has set up an office in Singapore to get international orders for its software development division. Its associate Global E-commerce is getting attention of big names like GE Information Services and are vying for a stake in the company. Valuation for this business is put at Rs 1200 crore and Global Telesystems enjoys a 16 per cent stake in the venture. ====================================== Firming up THE NATIONAL Aluminium Company (NALCO) scrip is all set to report a sharp surge in profitability this fiscal. With aluminium prices firming up and and having already appreciated 17 per cent from its lows last quarter, gains would be directly translated into the bottomline. This is because Nalco is vertically integrated and mines bauxite from its captive mines. Aluminium prices are expected to remain firm and rise further this fiscal. The company was facing problems in its smelter which have now been overcome. This will result in production and sales volume going up. Nalco has restructured its equity capital by reducing it to half. This has not been factored into the scrip's valuations. The scrip is likely to witness a re-rating soon. After its expansion programme (now underway), its capacities would be higher than Hindalco. A leading Mumbai-based operator is quietly absorbing all supply of the stock from the market. economictimes.com

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