| Bajaj Auto is the second largest two-wheeler manufacturer in India. With the opening of the insurance sector, the company has entered into joint venture agreements with Allianz AG, Germany. |
| The general and life insurance JVs are expected to clock a premium growth of 55 per cent and 111 per cent, respectively to Rs 1,300 crore and Rs 2,100 crore in FY06. Volumes growth of 28 per cent and 23 per cent is expected in FY07 and FY08, respectively, through BAL's new bike offerings. |
| Neyveli Lignite: Expansion booster |
| B&K Securities has recommended a buy on Neyveli Lignite with a medium term target price of Rs 89. At Rs 71, the stock trades at a earnings multiple of 9.7 and book value multiple of 1.4 times the FY08 earnings. |
| The company currently owns three open cast mines with a capacity of 24 million tonnes. The company holds expertise in lignite-based on power generation. The company plans for expansions to increase its generation and mining capacity. |
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