Market Outlook: RIL Result, RBI Meet eyed

TECHNICAL ANALYSIS: Index Outlook: Action-packed week ahead
It was one of those rare weeks in which index movement went almost unnoticed. Changes in takeover code and new GST system hogged the headlines along with the first quarter earnings, keeping the attention of market participants riveted. The ...

STOCKS: BHEL: Buy
Investment Focus. Bharat Heavy Electrical's (BHEL's) strong footing in the power equipment space has not come under much threat despite domestic and foreign competition. Combined with a strong order book and robust financials, BHEL's earnings ...

PUBLIC OFFER: Engineers India — FPO: Invest
The high-end engineering, design and consulting business of Engineers India is not only unique but also lucrative given its presence in the hydrocarbon space. Earnings growth of 38 per cent compounded annually over the last three years, a ...

STOCKS: Sesa Goa: Book profits
Iron ore major Sesa Goa appears to be a risky play in the metals space considering the uncertain outlook on iron ore realisations and demand from the export market. The company's reliance on the Chinese market, where iron ore prices and ...

STOCKS: Hitachi Home & Life Solutions (India): Buy
Investors with an appetite for risk can consider investing in the stock of Hitachi Home & Life Solutions (India) at the current price of Rs 337. The stock, though at a high now, offers scope for gains in the medium term given the pace ...

IPOS: SKS Microfinance IPO: Invest
Investors with a high risk appetite can consider subscribing to the Initial Public Offer (IPO) of SKS Microfinance, one of the largest microfinance NBFCs .

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Stock and Market Views

Seven banks fail Europe's test, need 3.5 billion euros

LONDON/MADRID: Seven European banks would not be strong enough to withstand another recession and would face a capital shortfall of 3.5 billion euros ($4.5 billion), tests run in an attempt to revive investor confidence showed on Friday.

Five of Spain's smaller regional lenders, known as cajas, failed the test and their recapitalisation is likely to speed a restructuring of the troubled sector.

Banks in Germany and Greece were also seen as weak spots and in need of restructuring, but state-owned Hypo Real Estate was the only German lender to flunk and state-controlled ATEbank was the only Greek bank to fail.

Analysts had expected five to 10 banks to fail the test. As expected, no big banks failed the health check. German government bond futures hit one-month lows and the euro briefly pared its losses against the dollar after the results were released.

Europe tested how 91 banks would cope with another recession and losses on government debt after the Greek crisis hit markets and raised fears the euro zone could unravel. It aimed to repeat a health check on US banks last year that helped restore investor confidence and underpinned a recovery by bank shares.

More @  Seven banks fail Europe's test, need 3.5 billion euros

Analysts see steam left in mid-cap banks 

Chart: Mid-cap bank stocks buzzing

Wipro: Catching on 

RESULT ANALYSIS: Panacea Biotech 

RESULT ANALYSIS: Wipro

RESULT ANALYSIS: BHEL

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India to become a $5 trillion economy soon

 'India to become a $5 trillion economy soon'

AGPUR: US Consul General Paul Folmsbee on Friday said that the Indian economy has the potential to grow further and is likely to touch the $5 trillion mark in the near future.

"The Indian economy is growing fast and from the present $1.2 trillion, it is expected to become a $5-trillion economy very soon," Folmsbee, said without specifying a particular time frame while addressing management students at G S College of Commerce here.

The Consul General, who was in the city today for a seminar on 'Indo-US relations' also emphasised on the need for both countries to focus on vital issues like energy crisis, technology transfer, climate change, higher education and small as well as medium enterprises.

On the higher education scenario, particularly at the University level, Folmsbee said many US varsities were in the process of setting up their establishments in the country with Columbia University already establishing its institution in Mumbai.

On his first visit to the orange city, Folmsbee said he was here to study the issues of regional interest.

Ten banks to fail European stress tests: Goldman

JSW Steel may sell about 14% stake to JFE for $1 bn

NEW DELHI: Sajjan Jindal-led JSW Steel may sell about 14 per cent stake to Japan's JFE for Rs 4,700 crore to cut the company's debt.

"Talks between the two companies for stake sale have more or less concluded. JSW Steel may sell around 14 per cent stake to JFE," a source in the know of the development said.

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News Round-Up

Heard on the street: Bombay HC sets Aug 10 to hear Sebi-MCX-SX case

GDP growth may be closer to 8.2%: Goldman Sachs

Dabur India: Small can be beautiful 

Good business prospects give rise to bonus offers 

Season 2 set to end higher 

ITC: No huffing and puffing 

Daily News Roundup - July 23 2010

 

Earning reports fuel strong rally at Wall Street

 

PNB

 

United Spirits

 

Src: ET and DP blog and Smartinvestor.in

 

Know Some Websites

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***** Adarsh Trading Co *****

2009 Latest India Stock TIPS News NSE BSE Indian Share Markets 

2010ValuePick 

A K Prabhakar-Equity Analyst 

Anirudh Sethi Report 

Arun the Stock Guru -Indian Stock tips,Free Trading Tips,Bse multibagger calls and Investment Ideas 

Beating The Dalal Street............ 

Best Stocks To Buy | Stock To Buy | Stock Tips | Penny Stocks To Buy 

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Morning calls

Yes Bank: Assets to drive lending growth

TVS Motor: Firm metal prices may hurt 

Thermax: Order book, new JV to push profit

Mastek will take time to turn around

Profit of Airtel, RCOM & Idea may fall 15.5%

Lanco Infratech: Powering up execution

RESULT ANALYSIS: Thermax 

TVS Motors: Back on track

 

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Stock Views from Various Sources

Bilpower

 

Jindal SAW

 

PTC

 

Mindtree Ltd

 

Escorts Ltd

 

GSPL, HDFC Bank

 

Crompton Greaves Ltd

 

Aventis Pharma

 

Sesa Goa - July 20 2010

 

HDFC Bank, Sesa Goa, Crompton Greaves, Container Corporation, Jindal SAW, Mindtree, Infosys Technologies

 

CESC

  

RESULT ANALYSIS: Mindtree

  

Sesa Goa: Rusting realisations

  

Inflation and indices: A negative correlation

Reason to smile

 

Src: DP blog and Smartinvestor.in

 

Stock Calls

Heard on Street: Inox up on stake sale buzz

Ramsarup hits circuit as Arcelor seen circling

Shares of Kolkata-based Ramsarup Industries were frozen at its daily maximum permissible trading limit of 20% on speculation that ArcelorMittal, the world’s largest steelmaker, is close to buying a stake in the company. The stock, which has risen close to 30% in a week, closed at Rs 102.1. The buzz is that Arcelor is likely to buy the stake at Rs 120 apiece. A senior Ramsarup official declined to comment. Market sources said the deal is likely to be structured, with ArcelorMittal having an option to raise its minority stake in the company later. The company will get an infusion of about Rs 1,000 crore by way of partly convertible debentures shortly, according to a person in the know. The instrument will be converted into equity shares in future.

Inox gains 15% on stake sale speculation

Shares of Inox Leisure rose 14.7% to Rs 74.75 on speculation the Anil Ambani group is in talks to buy a stake in the company. Denying the talk, Deepak Asher, director of Inox Leisure, said, “The speculation is baseless.” An Anil Ambani group spokesperson declined comment. According to a market source, in this deal, Inox will be valued at Rs 400 crore. The promoters of Inox Leisure are locked in a takeover battle with Anil Ambani’s Reliance MediaWorks (RMW) to acquire Fame India. Inox bought Fame promoters’ 43% stake in the company for Rs 44 a share in early March and subsequentl

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Stock Picks from Various sources

19 Jul 2010 | 15:07

Technical Picks – Stocks

Recommended Action for Pantaloons Retail, Vijaya Bank & BRFL is Buy

 

 

 

19 Jul 2010 | 17:07

Dividend Yield Stocks

List of companies that have announced dividends for FY10

 

 

19 Jul 2010 | 11:07

Midfield Industries Ltd

MIL is amongst the few players in the organized segment of packaging industry

 

 

 

RESULT ANALYSIS: Canara Bank 

 

 

 

STOCK ANALYSIS: Aqua Logistics 

 

 

 

 

Src: HDFCSEc, Smartinvestor.in