Showing posts with label BL. Show all posts
Showing posts with label BL. Show all posts

23 February 2009

Investment Analysis from ET,BL,BS etc

Tata Capital opens doors to reatail investors
23 Feb 2009, 0520 hrs IST, Karan Sehgal

In the times of credit crunch, Tata Capital has opened its doors to the retail investors by offering an attractive investment opportunity.

G7 Meet: Who's kidding whom?
23 Feb 2009, 0517 hrs IST

Multilateral organisations, regional development institutions and major central banks should cooperate with private lenders to offer and guarantee trade financing.

Derivatives Diary: Buying puts much better option
23 Feb 2009, 0514 hrs IST, Shakti Shankar Patra

Although the Nifty is still gyrating in a broad range and is yet to break down, the only thing one can do in this market is use any reasonable up move to open up short positions.

Clariant board proposes Rs 19 per share dividend
23 Feb 2009, 0507 hrs IST

The board is proposing to pay dividend of Rs 19 per share, which translates to a handsome dividend yield of 11.5%, considering Friday’s closing price of the Clariant scrip.

GlaxoSmithkline in pink of health
23 Feb 2009, 0504 hrs IST

GSK’s net profit after tax jumped 158% to Rs 208 crore thanks to exceptional gains of Rs 119.31 crore on sale of investments.

ABB India outlook remains cautious
23 Feb 2009, 0501 hrs IST

Despite the healthy numbers for the December ‘08 quarter, the outlook of the company remains cautious.

Deepak Fertilisers generating healthy cash flows
23 Feb 2009, 0456 hrs IST, Ramkrishna Kashelkar

Together with attractive dividend yield and better business prospects makes for a good long term investment.

Markets likely to start another downtrend
23 Feb 2009, 0439 hrs IST, Deepak Mohoni

The market has now been in an intermediate downtrend for a week, and long-term investment activity can be resumed once more.


UPA govt's policy may put brakes on India's growth
23 Feb 2009, 0623 hrs IST, Krishna Kant

The cheap-everything policy of UPA government may end up putting brakes on India’s growth story. As things stand, it may bring India back to the high cost economy of 1990s.

Are you concerned about India Inc's credit risk?
23 Feb 2009, 0616 hrs IST, Santanu Mishra

ET Intelligence Group bring out a comprehensive list of companies, which are most likely to weather the current financial turmoil.

Cashing in on recapitalisation
23 Feb 2009, 0610 hrs IST, Karan Sehgal

ETIG analyses the influence of government's recapitalisation drive on banks' performance.

Bull's Eye: Pantaloon, RCom, ITC, Hexaware, Titan Industries
23 Feb 2009, 0604 hrs IST

Here are some stocks you can trade upon this week.

GMR Infrastructure a safe bet
23 Feb 2009, 0552 hrs IST, Priya Kansara Pandya

GMR Infrastructure is well geared for substantial growth over the long term fuelled by its power and airport businesses.

Eveready to launch new products
23 Feb 2009, 0546 hrs IST, Kiran Kabtta

Though Eveready Industries' growth has stagnated in the last few years, the company bids to make a comeback with new product launches and diversification

Falling realty aids retail growth
23 Feb 2009, 0542 hrs IST, Supriya Verma Mishra

Declining rentals and sales overdrive have helped the retail sector shore up revenues.

Infra projects may bring relief to cement cos
23 Feb 2009, 0539 hrs IST, Amriteshwar Mathur

A surge in input costs has dealt a blow to the operating margins of the leading cement companies. Government sponsored infrastructure projects could bring some relief.

Gitanjali Gems: Stock provides good entry for investors
23 Feb 2009, 0530 hrs IST, Devangi Joshi

With a wider product range and potential to tap the premium end of the market through tie-ups with international retailers, Gitanjali is likely to make larger strides in the domestic retail space.

Fiscal deficit needs to be corrected
23 Feb 2009, 0524 hrs IST, Pallavi Mulay

Lower revenues in a slowing economy have widened the fiscal deficit. Government needs to rein it in order to keep the economy growing.

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Index Outlook

Sensex (8843.2)

Stock markets began to totter even as the interim budget was being read last Monday. All hopes of a flurry of policy changes to pull the distressed economy and stock markets out of the current morass were laid to rest by the insipid document. Sensex that had been clinging to a feeble up-trend, lost its hold and slid 8 per cent lower for the week.

The overseas markets were most unhelpful, slithering and sliding to multi-year lows, causing nervous jitters amongst the trading fraternity back home. Volumes were extremely low in cash market though they were decent in the derivative segment implying that traders are currently calling the shots in our market. FIIs turned net sellers once again taking the total outflow for 2009 to $1.3 billion.

The Sensex could make no headway last week and declined firmly below the 50-day simple moving average as well as our key short-term trend deciding level of 9050. The 10-day rate of change oscillator and the14-week relative strength index have moved in to the negative zone again signaling weakness in the short-term. Oscillators in weekly chart too are signaling a sell after a failed attempt to move in to the bullish zone.

If we follow conventional techniques, the Sensex is in a sideways trend since last October. The broad range for the Sensex over this move was between 8300 and 11000. It is normal for trepidation levels to increase every time the index nears the lower boundary of a trading range. It is then very easy to believe that there could be another 20 to 30 per cent decline from those levels. The reverse is true when the upper end of a trading band is reached as hope soars. The right approach would be to wait for either boundary to be breached before deciding on the next move.

The symmetric triangle formation that we had been tracking as per Elliott Wave rules, ended at 9724 and the lower trend-line of the triangle was also breached. The decline recorded last week can be labelled as either, a) The last wave down of the five-wave pattern from the January 2008 peak. The downward targets as per this count are 7300 and lower. b) Or an X wave that can be followed by another three or five wave pattern. If the index recovers from the zone between 8000 and 8500, we would have to revert to this count.

In other words, though the Sensex has reversed lower and gloom and doom is pervading everywhere, index is still above the support at 8300. A close below this level would be the first signal that investors should brace themselves for another plunge. Supports for the week ahead are at 8631, 8316 and 7697. A rebound can take the index higher to 9375 or 9725. Close above the second resistance is required to make the short-term outlook positive again.

Nifty (2736.4)

Nifty too reversed lower forming an evening star pattern in the weekly candlestick chart. The index has closed below the 50-day moving average as well as the lower trend-line of the symmetric triangle. It can decline to 2658, 2509 or 2425 in the near term.

Rallies will face resistance at 2870 and 2930. Short term traders can play short as long as the index trades below the first resistance. The medium term trend is however still sideways and there are a cluster of supports just below at 2660, 2570 and 2502. The medium term view will turn overtly negative only on a close below 2500. Such as move will signal that the down trend from the last January peak has resumed.

Global Cues

Global markets went in to a tailspin once more, led by the Dow Jones Industrial Average (DJIA). This index breached the crucial 7500 mark that had been the cynosure of all eyes over the last couple of weeks and closed slightly lower. The next support is at 7197 that was the trough formed in October 2002.

A couple of monthly closes below this level is needed to sound the death knell for the structural bull market in equities. As per Elliott Wave counts, a significant low can be formed around 7500 in DJIA which can be followed by an intermediate term rally lasting a few months. But a strong decline below 7500 will give the next target at 6500 for this index. The S&P 500 is still holding above its 2008 lows.CBOE Volatility index spiked to 50 though it is way below the peak at 89 recorded last October. Investors have probably learnt to live with the bad news and sliding stock markets. Many of the European indices such as the CAC, DAX, Greece General Share Index, Italy’s MIBTEL and Spain’s Madrid General index are testing their 2008 lows or are already below it. Asian markets led by China and the Latin-American markets have weathered the decline relatively well over the last month.

STOCKS: Reliance Communications: Buy
Investors with a two-three year horizon can consider buying the share of Reliance Communications (RCom), going by its pan-India dual-technology mobile play and the strength in its enterprise division, both of which offer long-term ...

STOCKS: Container Corporation: Buy
Investments with a two-three year perspective can be considered in the stock of Container Corporation of India (Concor). While slackening demand and tightening of lending has taken a toll on most logistics ...

STOCKS: Sesa Goa: Buy
Investors with a three-year horizon can consider accumulating the stock of Sesa Goa, trading at Rs 82.10. The company’s market leadership in iron ore mining and exports, signs that Chinese demand for Indian ore may resume on the back of ...

STOCKS: Bartronics India: Buy
Investors with a two-year perspective can buy the shares of Bartronics India, considering large multi-year deal wins that bolster its order-book, and strong position as a SIM card manufacturer for telecom companies in ...


DERIVATIVES MARKETS: Nifty future may move in a range
Equity markets in India were back to square one last week, as both the Interim Budget and on Obama stimulus plan failed to live up to expectation. The NSE Nifty February future crashed by eight per cent to end at 2722 against the previous ...




Market makes downside breakout

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The market collapsed in a dramatic fashion on the back of selling by both domestic and overseas institutions in the wake of a disappointing interim Budget. The Nifty was down 7.2 per cent, closing at 2,736 points while the Sensex lost 8.2 per cent to close at 8,843 points. The Defty lost 9.5 per cent with the rupee plunging to 49.85 to the dollar.


While volumes in the cash market were low, they rose in the derivatives market. Breadth was adverse with declines far outnumbering advances. The banking sector was hit hard with the Bank Nifty losing over 13.8 per cent. The broad BSE 500 was down 7.8 per cent. Trading outside the derivatives sector was of almost negligible volume.

Outlook: The outlook is clearly bearish and the market is likely to move down until it hits supports somewhere between 2,500-2,600. The down move broke a key support in the 2,850 region. That will act as a resistance on any up move. Volatility is likely to rise next week due to settlement considerations.

Rationale: The last couple of months have seen the market trade two ranges. The lower range is Nifty 2,500-2,850 and the higher, 2,850-3,150. Last week, the market broke the support of 2,850 and headed into the lower range. It’s liable to swing down until the lower end where there is support between 2,500-2,650. Be prepared for at least one session of short-covering where 2,850 will be a resistance.

Counter-view: An upwards break and a close above 2,850 would destroy the downtrend. This looks unlikely but if it does happen, the market would trade up till at least 3,000. The lack of volumes in the cash market in the past month makes it quite sensitive to larger infusions that could result during settlement week.

Bulls & Bears: The landscape consisted of bearish counters with the odd winner scattered amidst many losers. The downtrend in the financial sector had the biggest effect on the market. Most banks slid and several such as Axis Bank, Canara Bank and ICICI Bank looked set to test their respective lows of 2008.

The IT sector also did badly with the CNXIT down by 5.9 per cent. Key stocks such as Infosys and the ever-volatile Educomp looked set to drop further. However Tech Mahindra saw some institutional buying. Most other sectors did badly.

The few gains that appeared came across three sectors that probably benefited from short-covering. Automobiles and real estate have been among the worst performers of this bear market but both sectors saw some price stabilisation and bottoming formations last week.

Mahindra looked like a decent pick, for instance. Pharmaceuticals saw some selective buying in Matrix Labs. Lupin also seems promising.

MICRO TECHNICALS

ABB

Current Price: Rs 399

Target Price: NA

The stock has seen buying after hitting a new low of Rs 365, dropping from Rs 445 levels on last Monday. It is likely to see a pullback till around the Rs 430 on what appears to be a strong trend of short covering. Keep a stop at Rs 390 and go long.

AXIS BANK

Current Price: Rs 373

Target Price: Rs 350

The stock has broken support at Rs 375 and it is set to fall further. The target would be around Rs 350-Rs 355. Keep a stop at Rs 380 and go short. Partially cover below Rs 355. If it closes below Rs 350, it could fall further to Rs 330 mark.

DR REDDY'S

Current Price: Rs 395

Target Price: Rs 420

The stock shows signs of a bottoming formation. It could be due for a pullback till the Rs 420 level with some resistance at around Rs 410. Keep a stop at Rs 390 and go long. Start covering above Rs 410.

MARUTI SUZUKI

Current Price: Rs 630

Target Price: Rs 680

The stock is testing resistance around Rs 635-Rs 640. If it does close above Rs 640, it would have a target of about Rs 680. Keep a stop at Rs 615 and go long. Buy more if the stock closes above the Rs 640 level.

PURVANKARA

Current Price: Rs 37.3

Target Price: Rs 44

The stock appears to have hit good support. It has the potential to pull back till around Rs 44. On the other hand, if it closes below Rs 36, it is liable to collapse till the Rs 28 level. So it’s delicately poised. Keep a stop at Rs 36 and go long, booking profits at Rs 42 plus. If it closes below Rs 36, go short with a target of Rs 29.



Source:ET,BL,BS.




20 October 2008

Stock, Market Research from ET,BL

Investor's Guide (ET)

Top stories
Banking not a bad investment20 Oct, 2008, 0606 hrs IST, Karan Sehgal
Going by FII actions, it seems that banking is not that bad an investment, the IT sector has not peaked out and pharma is the best defensive bet.

Share buybacks in Asia trump bonds 20 Oct, 2008, 0602 hrs IST
Though bonds offer greater discounts than shares, Asian companies are quickly buying back shares hit by the global financial meltdown, instead of repurchasing debt.

Gail low-risk investment option 20 Oct, 2008, 0552 hrs IST, Ramkrishna Kashelkar
Gail is a low-risk investment option with immediate growth triggers. Its current valuations are attractive for long-term investors.

Where’s The Bottom? 20 Oct, 2008, 0551 hrs IST, Deepak Mohoni
The Bombay Stock Exchange (BSE) Sensitive Index finished 5.25% or 552.5 points lower at the end of a week marked by two strong rallies and three sharp falls.

Fear factor: Stay Safe, Don’t Play 20 Oct, 2008, 0549 hrs IST, Shakti Shankar Patra
Fear is nothing but a measure of the expected volatility, and volatility is one of the most important factors that influence the price of an option contract.

It's a zero sum game 20 Oct, 2008, 0544 hrs IST, Devangi Joshi
Most of the base metals have fallen significantly in the past two months, with prices coming close to their marginal cost of production. There is only limited downside from here onwards.

Bull's Eye: Views on stocks 20 Oct, 2008, 0542 hrs IST

Tata Communications: Largest player in voice communication 20 Oct, 2008, 0528 hrs IST, Santanu Mishra
After the acquisition of VSNL, Tata Communications has transformed itself from a small Indian company to the world’s largest player in voice communication.

Retail sector biggies 20 Oct, 2008, 0528 hrs IST, Supriya Verma
Keeping the festive spirit in mind, this week, ETIG takes a look at retail sector biggies, Pantaloon Retail and Shopper’s Stop.

Some evergreen stocks in bear market 20 Oct, 2008, 0516 hrs IST
There are enough stocks out there which are still giving positive returns since the last bear market. ETIG picks some evergreen stocks.
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Investment World (BusinessLine)

TECHNICAL ANALYSIS: Index OutlookDespite the brouhaha over the Sensex closing below 10000, there are a number of positive takeaways from last week’s proceedings. The regulators appear to have finally identified the cause for the present turmoil and seem to be taking ...

STOCKS: HDFC Bank: BuyInvestors can consider accumulating the HDFC Bank stock with a two-year perspective, given the bank’s resilience in a challenging environment and scope for strong growth in ...

MUTUAL FUNDS: HDFC Top 200 Fund: InvestInvestments can be considered in the units of HDFC Top 200 Fund, considering its good long-term track record and ability to contain losses better than its benchmark during market downturns. The fund has generated returns that have placed it ...

INSIGHT: Why index levels don’t really matterThe unimaginable has happened, with the BSE Sensex closing last week at a four-digit figure. So where is the next ‘support’ for the index? Will it stop at 9700? Or will it head further southwards to 8800? If you are a long-term ...

FOREIGN INSTITUTIONAL INVESTORS: Take note of P-NotesThe restrictions that came as a surprise to many in October last year have now been lifted. Yes, the bar on P-note issues by FIIs was reversed by the Securities and Exchange Board of India (SEBI) early this month. Said to be a move to ...

STOCKS: Suzlon Energy: BuyThe approval of the much-debated renewable energy production tax credit (PTC) by both the US Congress has brought renewed hope for the US wind energy ...

STOCKS: Axis Bank: BuyInvestors with a two-year investment horizon can consider buying the stock of Axis Bank. The bank’s performance has so far allayed fears about an earnings slowdown due to the ongoing global turmoil, high interest rates and ...

STOCKS: Redington India: BuyInvestors willing to bet on the strong domestic and Middle-East’s IT (hardware and software) adoption story can consider buying the shares of Redington India, a hardware, software products and digital products distributor. At Rs 192, ...

Reliance Infra (October 19, 2008)
Index Outlook (October 19, 2008)
Query Corner: What the charts say (October 19, 2008)
Reliance Ind (October 19, 2008)
SBI (October 19, 2008)
Tata Steel (October 19, 2008)
Infosys (October 19, 2008)
Maruti Suzuki

DERIVATIVES MARKETS: Nifty future may see a relief rallyThe bear onslaught, which became prominent in the second half of the week, spoiled the positive mood with which the market began on Monday. Both Nifty and Nifty futures breached their important technical supports during Friday’s ...

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Source:ET,BL.

04 November 2007

Stories, Analysis frm ET,BL,myiris etc

Economic Times



Bonus issues and stock splits



Indian to be Citigroup CEO?

Top 10 Indian firms' R&D expense 1/10th of top global investor

Three Indians among Europe's 100 power-women bankers

RIL sets sights on auto furnishings
PSU banks on hunt for over 10,000 employees

ETA Engineering plans to invest Rs 100 cr

Ess Dee Aluminium to pump in Rs 600 cr in acquisitions




1.62 lakh vacancies in Railways: Velu
State employment exchanges to be accessible online: Fernandes

Lack of skilled manpower impedes progress of animation, gaming

Omaxe forays into South India; to invest Rs 500 cr in AP

Essar Telecom Retail targeting Rs 4,000-cr turnover

Indian consumer to spend Rs 200 a day by 2025: Study



Clearwater to invest Rs 480 cr in 4 PE deals in next 3 months

PSUs outperform private firms in creating wealth at market

Vakrangee inks deal with Eastman Kodak, to invest 200 cr

Berkshire Hathaway profit up 64% on investments

Market mayhem: Tips for investors

Diwali and market sentiments

Diwali dhamaka on the bourses



HNIs bail out MFs with foreign investment plans
MFs become richer; asset size crosses Rs 5-trillion mark
BSLIEF registers Rs 13 crore collections




What's hot, what's not
Stocks to buy; REL, TCS, UCO Bank

Eight Indian companies to invest in Hong Kong next year



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BusinessLine



Parsvnath Developers: Buy

Kinetic hopes to ride high with Flyte

Taxation of retirement proceeds

Trader's Corner

Fund Talk

Nifty may be stuck in narrow range

ICICI Prudential Infrastructure Fund — Positive on ...

Jubilant Organosys: Buy -

Bharti Airtel Tata Steel

Sanghvi Movers: Buy

Time to forage among under-performers

Mundra Port and SEZ: Invest at cut-off

Query Corner

TV Today: Buy

Tata Equity P/E: Hold

Investment Nuggets

Index Outlook

HDFC Top 200: Invest



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MyIris.Com



Brokers` Outlook:Market to open positive on Monday



Technical analysis



Adhunik Metaliks net rises marginally in Q2

Kirkoskar Oil sets up plant in Silvassa
Nalanda Capital invests USD 35 mn in Vaibhav Gems
Airtel slashes tariff rates for life time customers
Weekly Wrap up: Sensex rises 733 pts
Nitin Fire`s consolidated net jumps 2.18 times in Q2
Adhunik Metaliks net rises marginally in Q2





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Other Sources :



Prime Securities Buy Back Offer Price fixed

Reliance Communications enters DTH Service through Reliance Big TV

State Trading Corporation Bonus Issue Details

Edelweiss Capital Limited IPO : Edelweiss IPO opens on 15 Nov

India Glycols forms 100% Subsidiary at Singapore

Wall Street Finance opens 39th Branch at Andheri


Empee Distilleries Ltd IPO fails to evoke good response from investor
Mundra Port and Special Economic Zone Limited IPO receives 4.67 times subscription
Religare Enterprises Limited IPO receives 160.56 times subscription
Barak Valley Cements IPO receives 29.15 times subscription



Megasoft and IOL Broadband to list in NSE