27 October 2009

Morning Call from ET,Deadpresident Blog etc


Tata Motors net zooms 110%, with rising input costs analysts still sound caution

Heard on the Street

Punters leave Balaji high and dry after


Shares of Balaji Industries were among the big losers on Monday, shedding over 4% to close at Rs 264.65. The company had made a qualified institutional placement (QIP) on Friday at Rs 239.30 per share. Interestingly, the stock price had flared up on heavy volumes in the run-up to the QIP. The stock climbed from Rs 244 to Rs 275 in three trading sessions. Wonder why punters were so excited about the QIP, considering that almost all such placements in the past few months were done at a discount to market price. Having accomplished their task of propping up the stock price, the opportunistic bulls now appear to making an exit.

Bears and bulls get ready to cross swords

Market conditions don’t appear to be favourable to bears, yet. But the Old Fox is a firm believer in the theory that big gains can be made only through big risks. He is very bearish on the telecom sector, and is steadily building up short positions in Bharti Airtel, Idea Cellular and Reliance Communications. In addition, he is also said to have gone short on Unitech, Suzlon and Punj Lloyd, among others. At the same time, bulls too are not finding the going any easier. The Rar(e)ing Bull is said to be refraining from big trading bets, and making token purchases in the stocks he is bullish on from a long-term perspective. He is said to have accumulated a small chunk of Sterlite shares in the past couple of sessions.

A new caste system in the broking industry

Equity research is gradually becoming a key ‘differentiator’ in the broking industry. Several brokerages have begun promoting research as an exclusive product to investors. The more innovative ones (brokers) have started preparing reports targeting specific classes of investors. High volume institutional clients and affluent investors get on-the-fly direct email reports (on daily market developments) from analysts while small retail clients are often mailed reports that are a day or couple of days’ old. A leading brokerage — with strong presence in both the retail and institutional space — is learnt to be telling prospective retail customers that it provides the same research to both its institutional and retail clients. What it has not clarified is whether it will be providing the same research simultaneously to both sets of investors.

(Contributed by Santosh Nair & Shailesh Menon)


Pantaloon Retail


Bharat Forge

Mahindra and Mahindra Financial Services

Idea Cellular

ING Vysya

JSW Steel Limited

Dr Reddy's Labs Ltd

Atul Ltd

Power Sector

IDFC, HCC, BHEL, Asian Paints, Birla Corporation, JSW Steel

Adhunik Metaliks, Biocon, Garware Offshore, Infoedge, Rolta, Yes Bank

Reliance Industries

Zee Entertainment Enterprises /

Zee News

Source: Economictimes, Deadpresident Blog

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