Parag Parikh Financial Advisory Services has recommended a buy rating on IL&FS Investment Managers in its March 16, 2009 research report.
“Its funds under management have grown from less than USD 40 million in 1996 to over USD 1900 million – a 35% CAGR for the last 13 years. Infact the increase over the past 3 years have been even better at 84% CAGR. The healthy growth trend will continue further with USD 800 million. SCIAsia Infrastructure fund in joint venture with Standard Chartered. A business with assured revenues over the next few years with fantastic economics is available for secondary investment at a very attractive valuations on various parameters like P/E,P/BV, P/CF, Dividend yield and %-of-AUM. The valuations are cheap when compared to other listed international comparables. Buy,” says Parag Parikh Financial Advisory Services’ report.
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can someone advise on investing on cairn india shares? looks like it is good to invest in long term? pl suggest.