Cairn India: Slick affair

 The company has been a major underperformer as its stock price was hovering below its issue price of Rs 160 till early July.  At Rs 184, the stock trades at about six times estimated price to earnings multiple for FY10, which is half the multiple of global peers. Hence, analysts still expect a substantial upside in its stock price despite a sharp rally in the recent past.  Tricom: Legally strong  

Tricom India, an electronic data management and outsourcing company, announced on Monday that it has acquired the US-based litigation support services provider Apex Document Solutions for $2 million (approximately Rs 8 crore). The acquisition has been funded through internal accruals and debt.

Prior to the acquisition, the company had operations in verticals such as e-publishing, indexing, title plants and electronic data discovery including litigation services.

However, its litigation services offerings were largely offshore with mainly marketing presence in the US. The acquisition of Apex will help Tricom gain an onsite presence in the US, along with Tricom