Indian Markets :- Indian Companies that are better choices for investments during this financial crisis

I came across a study on BusinessStandard that listed Indian Companies that are sitting on huge cash reserves with good business growth potential. As is often said companies with cash are expected to do better during turbulent times, like this year, where the financial crisis jolted the world economies. I believe in this saying and I do like some companies among the list from this study and I am certainly looking at putting in some money into these stocks during these times. I am sharing this list on this blog hoping it will be of use to readers.

CASH KINGS
Rs crore	Cash + CE	Ent Value	Cash + CE/ Ent Value (%)	Mkt Cap	Price (Rs)	P/E (x)	P/BV (x)	Dividend Yield (%)
Reliance Power	13,440	23,074	58.2	22,626	94.40	209.8	1.7	-
Sterlite Inds	14,074	21,467	65.6	16,392	231.30	11.6	1.2	1.7
Hind.Zinc	7,695	11,732	65.6	11,732	277.65	3.0	1.0	1.8
Aditya Birla Nuvo	6,718	11,386	59.0	4,739	498.80	18.1	1.3	1.2
MTNL	3,758	3,926	95.7	3,915	62.15	7.4	0.3	6.4
Bajaj Holdings	3,213	3,413	94.2	3,413	337.30	5.9	1.1	5.9
Indiabulls Fin	7,412	13,823	53.6	2,601	102.55	6.9	0.9	8.3
Financial Tech	1,402	2,741	51.2	2,316	504.65	2.2	1.6	4.0
Jai Corp	1,825	2,394	76.2	2,312	129.55	30.0	0.9	0.8
Max India	3,842	6,076	63.2	2,253	101.50	33.8	1.1	-
Edelweiss Cap	1,910	3,653	52.3	2,083	278.00	81.0	1.5	0.7
Engineers India	1,417	1,959	72.3	1,959	348.90	8.0	1.7	3.2
GTL	1,277	2,452	52.1	1,750	185.05	14.6	1.9	1.6
PTC India	1,452	1,094	132.7	1,094	48.10	14.2	0.7	2.1
TV 18 India	883	1,562	56.6	1,015	84.65	24.8	2.1	2.4
Market Price, Price/Book Value (P/BV), Price-to-earnings ratio (PE), Market Capitalisation and Dividend Yield as on October 28, 2008 CE= Cash equivalents (investments minus those in group/associate companies); Mcap=Market capitalisation; Ent Value=Enterprise value (market cap + debt) Source: Capitaline Plus

RK