Banking Sector: Quarterly Review - ICICI DIR...
Friday, 31 August 2007
Stocks or Mutual Funds?
If you are like me with very little time to do your research, you would be in a dilemma at some point or the other. Should you invest in Stocks or Mutual Funds. Well, both have their own benefits and suits persons with different personalities. Let’s dig deeper.Why invest in StocksStocks move faster than Mutual Funds, both ways. Which in turn means, better profits (and losses).Stocks may be good investment vehicle for short term or even medium term. But longer term stocks are good Only if the underlying fundamentals are good and the company pays...
Weekly Ideas....
Buy Jet Airways at Rs808 with SL of Rs794 and Target of Rs840, 845Buy Colgate at Rs387 with SL of Rs380 and Target of Rs405, 410Buy Punj Lloyd at Rs280 with SL of Rs274 and Target of Rs295, 300Buy TCS at Rs1064 with Sl of Rs1046 and Target of Rs1105, 1110Buy AB Nuvo at Rs1390 with SL of Rs1360 and Target of Rs1450, 1...
India Shining - Q1 GDP up by 9.3%
India's economy in the April-June quarter grew a faster-than-expected 9.3 per cent from a year earlier, led by robust manufacturing and services, but analysts said the pace could moderate in coming quarters.The annual growth rate for India's fiscal first quarter published on Friday topped both a median forecast of 8.9 percent in a poll and growth of 9.1 per cent the previous quarter.The stock market extended its strong opening gains after the data. The rupee was little changed around 41.02 per dollar, and the benchmark 10-year bond edged up 1...
Grey Market Premiums
Power Grid Corporation 44 to 52 9 to 10Motilal Oswal 825 90 to 95Indowind Energy 55 to 65 DiscountMagnum Venture 27 to 30 Disco...
Mkts seen consolidating next week
It was a pull-back week for the Indian equity market. The bulls took the charge and the benchmarks Sensex and Nifty gained 6.5 per cent each to end the week at 15,318 and 4,464.“We see fresh positions building next week. The market will consolidate with a positive bias,” said Lalit Thakkar, chairman & managing director, Angel Stock Broking. However, though fears of an early election here have subsided, the US sub-prime issue refuses to lie low.Later on Friday, global markets will take cues from US Federal Reserve Chairman Ben Bernanke’s speech...
Weekly Newsletter
All the talk of higher interest rates slowing down the Indian economy took a backseat after the Government released the GDP data for the first quarter ended June. Apart from the minor dip in the growth rate for Mining and Manufacturing, all other engines of the Indian economy remained in healthy condition. Overall, the GDP growth in the April-June quarter was 9.3% as against 9.6% in the same quarter last year. Compared with the previous quarter's (Q4 FY07) growth rate of 9.1%, economic growth in Q1 FY08 was slightly on the higher side. The data...
Monday, 27 August 2007
RANBAXY LABORATORIES LTD.
RANBAXY LABORATORIES LTD.Current: 360 Target : 575 in 6 monthsI would like to update you with the latest news on Ranbaxy.* On 22nd August 07, Ranbaxy Laboratories Limited, India's biggest pharma company, launched its ureological drug Roliflo OD in India. Roliflo is a combination of Tamsulosin and Tolterodine. Roliflo is a Novel Drig Delivery Syste product which is being introduced for the first time in India.* According to CNBC, the pharmaceuticals market will rise by 20% in India. Pharma industry will expectedly be worth Rs.20 billion in next...
Market Review for 27th August 2007
Sensex: (14425) like I had said trading would be difficult and so it was…the market traded in a narrow range and closed positive…now looks as if the market has limited downside but could e volatile with a positive bias until the F&O expiry…The support for the Sensex is at 14025 and the resistance to the up move at 14578-14661-14825NSE Nifty: (4190) the support for the Nifty is at 4100 and resistance to the up move at 4249-4266-4325. Prakash Gaba CFT, MSTA (London) Call : 91-22-26421719 Email : prakashgaba@hotmail.com...
IPO Analysis Note - MAGNUM VENTURES
PREMIUM TAG MARS VENTUREMAX. ISSUE SIZE (Rs) : 53 croresPRICE BAND (Rs) : 27 - 30ISSUE OPENS/CLOSES : 27th to 30th August, 2007LISTING : NSE, BSEOver the last two and a half decades, this company has been engaged in the trading and manufacture of paper. It now seeks funds with the primary objectives of upgrading its paper manufacturing plant and for an hospitality project.Historically, Magnum has used waste paper to manufacture writing and printing paper, besides duplex boards. It has an installed capacity of 85,000 mtpa, which it believes can...
Saturday, 25 August 2007
F&O expiry to keep market volatile
The market is expected to remain volatile ahead of the derivative contracts expiry for the August 2007 series on Thursday, 30 August 2007Market nudged higher for the week ended Friday, 24 August 2007, tracking recovery in Asian markets on speculation that the US Federal Reserve will cut benchmark rates sooner rather than later. Also the Bank of Japan (BOJ) decision to keep interest rates unchanged at 0.50% boosted the market furtherThe market ended its four week losing streak to post gains for the week ended Friday, 24 August 2007. The 30-share...
Weekly Stock Ideas
Buy REL at Rs735 with SL 727 Target of Rs755, 760 Buy Kotak Bank at Rs649 with SL of Rs638 and Target of Rs670, 675Buy Arvind Mills at Rs46 with SL of Rs43 and Target of Rs52, 53Buy JP Associates at Rs841 with SL of Rs833 and Target of Rs870, 875Buy Maharashtra Seamless at Rs579 with SL of Rs571 and Target of Rs597, ...
Friday, 24 August 2007
MARKETS & MID-TERM POLLS
Just when you thought the waters were safe again……… These were the promo lines for the sequel to yesteryears Hollywood blockbuster Jaws.aAfter seeming down and out for the count last weekend, markets worldwide got an unexpected respite when the US Fed, in a move dictated more at containing negative market sentiment, announced a rate cut.aExpectedly, markets across the globe opened gap-up on Monday and though the Indian indices gained in numerical terms, the undercurrent of caution remained palpably visible. Why ?Well, two issues loom large over...
Latest Greymarket Premium
Motilal Oswal 725 to 825 120 to 125Indowind Energy 55 to 65 3 to 5Magnum Venture 27 to 30 2 to 3Puravankara Projects 400 DiscountTake Solutions 730 130 to 140KPR Mills 225 DiscountAsian Granito 97 +3 /...
Wednesday, 22 August 2007
Grey Market Premium
Motilal Oswal 725 to 825 230 to 240Indowind Energy 55 to 65 4 to 5Magnum Venture 27 to 30 3 to 4Puravankara Projects 400 AT PAR / DiscountTake Solutions 730 220 to 230KPR Mills 225 DiscountSEL Manufacture Ltd. 90 DiscountAsian Granito 97 3 to...
Tuesday, 21 August 2007
Grey Market Premium
Central Bank - Rs 30.SEL - DiscountAsian Granito India - Rs 3.Puravankara - DiscountTake Solutions - Rs 250.KPR Mills - DiscountMotilal Oswal - Rs 240.Indowind Energy - Rs 4.Magnum Ventures - Rs 4Motilal Oswal premium steady, Central Bank has come down from 38 to 35 to 30 n...
IPO Analysis Note - Motilal Oswal
MOTILAL OSWAL FINANCIAL SERVICES Ltd. - Market Driven FortunesMAX. ISSUE SIZE (Rs) : 246 croresPRICE BAND (Rs) : 725 - 825ISSUE OPENS/CLOSES : 20th to 23rd August, 2007LISTING : NSE, BSE.Motilal Oswal Financial Services is a NBFC with subsidiaries engaged in providing stock broking and commodity broking, venture capital and investment banking services. The primary objectives of the IPO include offering margin financing facilities to retail clients, augmenting working capital needs and purchasing office space.It is noteworthy that well over 80 per...
Does Technical Analysis really work?
One of the most common questions that i get quite very often is, “Does Technical Analysis really work“? It is easy to assume that such doubts would come into mind only if one has lost money Using Technical Analysis or if one Never used Technical Analysis. Having spent a significant amount of my life towards learning, understanding, using and eventually mastering (so to speak) Technical Analysis, i have my reservations too.Technical Analysis or TA as it is commonly referred as, is a art of understanding Chart Pattern and predicting future stock...
Monday, 20 August 2007
Welcome bulls, Discount shop open
Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected. - George Soros.On Friday afternoon, the bulls may not have had the confidence to step in. With the Federal Reserve throwing in an unexpected life jacket in the form of a 50 bps cut in the discount rate, a buying spree may take place on the local bourses today. Stocks across global markets have rallied, led by of course the Wall Street. The Dow jumped 1.8% while the Nasdaq did even better, climbing 2.2%. The FTSE...
Sunday, 19 August 2007
Small cap picks!
Sree Rayalaseema Hi-Strength Hypo (Rs 21.05):The rewarding thing about trawling the papers day in and day out is that one day god may smile and say, “Bachcha, I am pleased with your devotion. I shall grant you a bargain penny stock that shall be hidden from public view as long as you want it.”The moment manifested in the form of SRHSH. Looks at its 2006-07 financials: equity of Rs 10.18 crore, EBIDTA of Rs 13.2 crore, tax paid at 34 per cent, EPS of Rs 5.61, market cap of Rs 22 crore. First reaction: oh, one-off. Then SRHSH surprised with its first...
Falling grey market premium spells bad news
The reverberations generated by the subprime shock-waves could have an impact on some of the initial public offerings (IPOs) due to hit the markets in the near future. A look at the latest grey market premium of some of these IPOs reveals that the premium has declined sharply.Experts said while pricing an issue, usually 20-25% listing gains are left for investors. However, when markets fall, this premium shrinks, with many a stock losing its sheen, thereby making it unattractive. Hence, current market conditions being what they are, experts feel...
Grey Market Premiums
Take Solutions 730 310 to 320Motilal Oswal 725 to 825 240 to 250Magnum Venture 27 to 30 3 to 4Indowind Energy 55 to 65 5 to 7Puravankara Projects 400 DiscountKPR Mills 225 DiscountRefex 65 5 to 7Central Bank 102 32 to 33SEL Manufacture Ltd. 80 to 90 2 to 3Asian Granito 97 5 to 7Grey Market Premiums are coming down, think twice before applying in substandard I...
"Believe in India" - Rakesh Jhunjhunwala
The biggest bull of them all Rakesh Jhunjhunwala, says that India is likely to benefit from its strong fundamentals in the long term but only after a tough intermittent transition period.He feels that high degree of complacency has set in as too much easy money has been made too quickly and world equity markets are bound to get shaken in the near future.Mr Jhunjhunwala was speaking at the convocation ceremony of IIT Mumbai last week. In what should be called a rare glimpse of bearishness - he bet that the US economy is bound to slow down sometime...
Recovery on the way...
Having lost close to USD 100 bn in last 15 sessions on sub prime mortgage concerns, Dalal Street may hope for happier times ahead with improving global cues after US Federal Reserve cut the rate at which it lends to banks, even as some feel more steps were needed to tackle the crisis.Indian bourses lost close to Rs 4,00,000 crore -- nearly 10 per cent in overall market capitalisation -- in just a fortnight of trading since July 27 after the credit crunch in the us economy spread across the globe.While the Fed's decision to cut the primary credit...
Creating A Winning Mindset
Do you know anyone who always wins? Sure you know that person, everything just works out for them. They go into business and they are an instant success. They enter the dating scene and their phone rings off the hook. If they were in the Olympics, you just know they wouldn’t settle for anything less than the gold. It seems as though they always win.Why is it that some people just have IT and others seem not to? Want to learn the secret to their success? Ready? Here it comes….the secret to unstoppable success…drumroll please….Winners EXPECT to win!That’s...
Saturday, 18 August 2007
What is subprime problem?
What is happening in the mortgage market?The riskiest segment of the US mortgage market, which serves borrowers with poor credit histories at high interest rates, has seen rising default rates in recent months.The Mortgage Bankers Association said lenders began foreclosure against more than one of every 200 US mortgage borrowers in the fourth quarter, a record.What types of loans are considered 'subprime'?There are "no doc" loans. That's when you get a loan without giving the lender any documentation about your income. There are also "low doc"...
Friday, 17 August 2007
Sensex down 217 pts, Nifty down 71 pts
Nifty managed to close over 4100 while Sensex managed to close over 14000 mark. Sensex ended down 217 points at 14141.5. It recovered 362 points from days low. Nifty ended down 71 points at 4108. It recovered 100 points from days low. CNX Midcap Index was down 2% while BSE Small-cap Index was down 1.3%.Market made smart recovery during the day in line with the global markets. Nifty managed to close over 4100 while Sensex managed to close over 14000 mark. Sensex ended down 217 points at 14141.5. It recovered 362 points from days low. Nifty ended...
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