Showing posts with label Market Views from Various Sources. Show all posts
Showing posts with label Market Views from Various Sources. Show all posts

11 July 2010

IOC, RIL among 8 Indian cos in Fortune 500 global list

IOC, RIL among 8 Indian cos in Fortune 500 global list



EW YORK: Eight Indian companies, including oil major Indian Oil Corporation and Mukesh Ambani-led Reliance Industries, have made the cut in the list of the world's 500 largest companies compiled by Fortune.

The league of 500 elite companies for 2010 is topped by US retailer Wal-Mart Stores, followed by oil giant Royal Dutch Shell and another oil major, Exxon Mobil, in that order.

Besides IOC and RIL, the other Indian companies in the list are steel-maker Tata Steel, auto company Tata Motors, oil entities Bharat Petroleum, Hindustan Petroleum and Oil & Natural Gas and public sector bank SBI.

Tata Motors has made an entry into the list for the first time this year, while seven other Indian entities, which were part of the list in the previous year as well, are also featured in this list.

The list also features Citigroup, ArcelorMittal, Pepsico and Motorola, four companies led by people with Indian roots.


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IOC has the highest rank of 125 among the featured Indian companies, followed by RIL at the 175th spot, SBI (282), BPCL (307), HPCL (354), Tata Steel (410), ONGC (413) and Tata Motors (442).

According to the magazine, IOC had revenues to the tune of USD 54.28 billion, RIL USD 41.08 billion, SBI USD 28.21 billion, BPCL USD 26.59 billion, HPCL USD 23.88 billion, Tata Steel USD 21.58 billion, ONGC USD 21.44 billion and Tata Motors USD 19.5 billion.

Vikram Pandit-led Citigroup is at 33rd place, with revenues of USD 108.78 billion, while NRI billionaire L N Mittal's ArcelorMittal bagged the 99th position with revenues worth USD 65.11 billion.

Pepsico, run by Indira Nooyi, was ranked at 171st place with revenues of USD 43.23 billion and Sanjay Jha's Motorola is at the 391st place, with USD 22.06 billion in revenues.

Interestingly, American companies have cornered 139 seats in the list, followed by Japan with 71, and then China, with 46 seats. This year, there are 12 Fortune Global 500 companies run by women, compared to 13 last year.

The magazine said that Wal-Mart Stores had revenues to the tune of USD 408. 21 billion, while Royal Dutch Shell and ExxonMobil raked in revenues worth USD 285.12 billion and USD 284.65 billion, respectively.

Others on the list include BP at fourth place, followed by Toyota Motor (5th), Japan Post Holdings (6th), Sinopec (7th), State Grid (8th), AXA (9th) and China National Petroleum (10th.)

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Market and Stock Views



Infosys numbers to set market pace this week

Costly but good stocks for investors

F&O Outlook: Indices may hit new 52-week high


Even Paul, the clairvoyant octopus could not have had a hundred per cent hit-rate had he been asked to predict stock market movement. Who could have expected global markets to shake off the despondent mood, in which they were wallowing ...

STOCKS: Zee Entertainment: Buy
Investors with a two-year horizon can buy the shares of broadcast player Zee Entertainment (Zee), given its strong presence in the regional and national (Hindi) general entertainment space. The company is well positioned to drive its ...

STOCKS: Mahindra and Mahindra: Buy
Investors with a long-term perspective can consider an exposure in Mahindra and Mahindra (M&M). The company ended FY-10 on a strong note, posting a growth of 40 per cent in revenues and a whopping 120 per cent in profits over the ...

STOCKS: Lupin: Hold
Shareholders can remain invested in the stock of Lupin. Though the stock price has more than doubled since the last ‘buy' recommendation in August 2009, the sustained traction in its formulations exports and an attractive pipeline ...

STOCKS: Bank of Baroda: Buy
Investors with a two-year investment horizon can consider fresh exposure to the stock of Bank of Baroda. The bank may continue to grow at higher-than-industry average rate (on the loan book front) and post strong profit growth in relation to ...

STOCKS: Marico: Book profits
Not content with merely catching up, some mid-cap FMCG stocks have actually moved into a premium over their larger rivals in recent months. At current market prices of Rs 131, Marico Industries now trades at a PE multiple of 33 times its ...

TECHNICAL ANALYSIS: Query corner: NTPC in a long-term uptrend
Please provide the short- and medium-term prospects for Mahindra & Mahindra. ...

TECHNICAL ANALYSIS: Sizzling Stocks: Idea Cellular (Rs 66.8)
Idea Cellular turned red hot on Friday following the earnings upgrade by investment bank Credit Suisse. The bank upgraded the stock's rating to outperform from underperform and raised its target price. The stock advanced 13.3 per cent on ...

TECHNICAL ANALYSIS: Pivotals: Reliance Industries (Rs 1,055.8)
Since June 14, RIL has been trading sideways in a narrow band between Rs 1,050 and Rs 1,100. Last week's movement was with in this range and the stock witnessed trivial loss of Rs 12 for the week. The volume traded was below average. ...

TECHNICAL ANALYSIS: Stock Strategy: Consider going long on Hindalco, DLF
Hindalco (Rs 149): The stock has been on a recovery mode since mid-June and has bounced back from a key support level of ...

EVENTS: Heard in the studio
Gloria: The usual confused hither-thither movements of the market through the week. Net-net, it ended reasonably well though, with the Sensex up more than 370 points from the week before. At 17,833, 18k seems quite within ...

STOCK MARKETS: Trading terms
Exponential Moving Average: An exponential (or exponentially weighted) moving average is calculated by applying a percentage of today's closing price to yesterday's moving average value. These place more weight on ...



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Monnet Ispat



Src: ET and DP blog and Smartinvestor , Businessline and etc

02 November 2009

Market Views from Various Sources

Intermediate trend reversal confirmed


Prices collapsed in settlement week with the Nifty dropping 5.7 per cent to close at 4,711.7 points. The Sensex was down 5.5 per cent, closing at 15,896 points. The Defty was down 6.8 per cent with the dollar bouncing from over-sold levels

The poor sentiment was mainly due to continuous and heavy selling by FIIs. Although domestic institutions bought, they couldn’t match the supply on offer. Volumes were pretty heavy in both cash and derivatives segments. Advances were heavily outnumbered by declines. The BSE 500 dropped 6.2 per cent while the Midcaps dropped 7.8 per cent.

Outlook: The market is testing a critical support at 4,700 and there are some signs that it is over-sold. If the support holds, a short-term uptrend till around 4,950 level is possible. If the 4,700 support breaks, the next support is at 4,600. The intermediate trend is clearly bearish and net losses through November look likely. Expect a rise in volatility.

Rationale: The intermediate trend is into week two of bearishness, following 13 weeks of bullishness. Normally intermediate trends last between 6-10 weeks so net losses are likely through November. Chart patterns indicate a downwards breakout from range-trading between 4,900-5,100, with an initial target of 4,750, which has been exceeded. Volatility has already risen on the breakout.

Counter-view: Momentum indicators suggest the market is oversold in the short-term.

So there could be a bounce – especially if the FIIs reverse their attitude. The long-term trend is still positive as far as we can tell. In such circumstances, it’s possible that the intermediate downtrend could end fairly quickly. As of now, the maximum upside appears to be around 5,050. However, if the intermediate downtrend ends, the first signal would be 5,050 being exceeded.

Bulls & bears: There were sell-offs across most sectors except for sugar, which has been on a sustained bull run. The worst-hit sectors included banking and realty while the IT sector showed comparatively greater defensive strength. Metals also saw big losses following weak trends in international commodity markets. FMCGs displayed their traditional defensive strength in crisis situations.

This sort of across-the-board movement suggests that any market recovery will also occur across the board. As and when the market bounces, the worst-hit sectors will also rebound the highest. Hence, an optimist will be going long on the high-volume bank and realty stocks. Pharma and IT trends will depend to some extent on dollar movements.

MICRO TECHNICALS

Bajaj Hindustan
Current Price: Rs 196.45
Target Price: Rs 215


The stock has corrected from recent highs and is consolidating on support. Keep a stop at Rs 192 and go long.

Book partial profits between Rs 210-215. There is a chance that the stock could rise till around the Rs 225 levels so it makes sense to retain around one-third of the original position above Rs 215.

TCS
Current Price: Rs 628
Target Price: Rs 600


The stock is developing an encouraging pattern of higher highs and lows. However, it is in correction mode right now and likely to ease down till it hits support at around Rs 595-605. Keep a stop at Rs 635 and go short. Start booking profits at below Rs 605.

Dr Reddy’s Labs
Current Price: Rs 1,019
Target Price: Rs 1,070


The stock has made an upwards breakout on reasonable volumes. It has a potential target of around Rs 1,070-1,100. Keep a stop at Rs 1,000 and go long. Increase the position above 1,040. Start booking profits above the Rs 1,070-mark.

Axis Bank
Current Price: Rs 907
Target Price: Rs 990


The stock has hit a fairly strong support. If it rebounds, there could be a clear run-up till around the Rs 990 mark. Keep a stop at Rs 900 and go long. Increase the position if the stock crosses the Rs 930-mark. Start booking profits above Rs 970.

Mahindra & Mahindra
Current Price: Rs 921.95
Target Price: Rs 900


The stock is still settling down and consolidating around support between Rs 900-930. It is likely to test the bottom of this range again. Keep a stop at Rs 935 and go short. Start covering the position at around Rs 905.





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Src: Business-Standard, EconomicTimes,