Discover Stock Market India Nifty Bank Nifty Technicals Analysis & India Business Stories

This blog is for providing daily news of Corporate Indian Stories, Corporate Results, Equities, MFs, Banking,Insurance, Brokerages Informations, World Business, Venture Capital, Angel Investors, BSchools, MBAs,Jobs, Politics & something Interesting.Our team will be grateful to the owners of various Indian/world/govt sites to refer their sites to get INFORMATION without objection.Request viewers to make verification about the information. Blog is not responsible for any faulty information.

31 December 2007

20 great stocks to buy in 2008 : Rediff.com

20 great stocks to buy in 2008

Stock selection will be the key factor in determining returns in 2008, given concerns of a global slowdown and premium valuations in domestic markets.

Year 2007 saw the market deliver good returns amidst volatility, especially in the second half, thanks to global concerns. The BSE Sensex was up a good 46.6 per cent, helped by strong foreign and domestic inflows.

And what led to these inflows was none other than a strong performance by India Inc. For investors, the moot question is how will 2008 be? The answer is not simple given that none of the global concerns have eased, while the Indian rupee is still firm and India Inc is experiencing a deceleration in growth rates.

"Year 2008 will be difficult globally, although it is not yet known how deep the US downturn will be," says Andrew Holland, managing director -- strategic risk group, DSP Merrill Lynch.
While India's vulnerability to global shocks has been put to test adequately over the past year, the overall macroeconomic growth remained strong owing to infrastructure, capital goods and real estate sectors.

Notably, the story is not likely to be very different in 2008 barring drastic surprises, which means that domestic consumption plays should remain in flavour.
By this logic, the most certain sectors are capital goods, financial services, infrastructure, power, logistics and oil, gas and energy sectors among others. Even among these sectors, not all stocks can be expected to do well, owing to the differences in business models and the individual strengths and weaknesses.

Further, in our selection, we have looked at the fundamentals of companies and their potential to deliver earnings growth of over 20-25 per cent.
But, while growth is a must, valuations too need to be fair, which is why we kept a tab on the price earnings to growth (PEG) ratio. Here, most stocks are trading at a PEG of less than 1 times based on FY09 earnings estimates, which ensures that the price is not exorbitant.
To ease your effort of picking the juiciest fruits from the orchard, we have handpicked a few likely winners of 2008. Read on

More @ http://www.rediff.com/money/2007/dec/31bspec.htm

-------------------------------------------------------------------------

Year-end: Top 10 mutual funds in 2007

Year-end: Top 10 mutual funds in 2007
December 31, 2007

Year 2007 has rocked for the mutual fund investors. To begin with, the stock markets have been on an upswing and mutual funds, as a sidekick, have not only kept pace but overtaken the 30-stock benchmark, the BSE Sensex.

This is borne out by the returns churned out by top 10 mutual funds. While the Sensex has returned 56 per cent during the year ending December 13, 2007, the top 10 mutual funds under consideration have outperformed the Sensex by quite a margin.
No, we are not joking. Let the numbers speak for themselves.

The top five mutual funds in this category have more than doubled the investors' money. And the remaining five have given returns of more than 95 per cent for the year ending December 13, 2007.

For simplicity, we have chosen growth-oriented and open-ended mutual funds. Another reason being that investors this year have been chasing growth stories because of the expected bumper returns. And have they been disappointed? Well, the table below will disappoint only if you try to find any bad news!

More @ http://specials.rediff.com/yearend/2007/dec/31yrtopmf1.htm

Other Rediff Stories:

World in 2007, from the Indian perspective
MF investors exempt from entry fee
Sensex gains 6,500 points in 2007
Death of Capt Gopinath's dream

Fastest Sensex rally since 2003
CEOs see low interest rates in '08
Bloggers drive Indian IPR agenda
A Rs 450 cr success story from a mere Rs 40K
Planning ahead? The 2008 Must List!

Careers: Earn Rs 20,000 a day, at home

Source: http://www.rediff.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

Moneycontrol Top Stories

Mkts end '07 in green: Metal, CG, Oil up over 100%
Mkts may touch 25K levels in 08: Religare

Moneycontrol.com Top stories

Mkts to move sideways next few days
Index based market wide circuit breaker for Mar ending Qrtr
SEBI waives off entry load on direct MF App from Jan 4
MINIFTY will start on Jan 1, 2008

Sensex stocks outperform index since 1993
India, China to be growth drivers in 2008: Kotak Mah Cap
FY09 inflows from insurance cos to be $15bn: ICICI PruLife
RBI: Best central bank of 2007!

Mumbai Metro Project to be completed by 2012: REL
Brigade Ent revenues to grow 15-18% ahead
Economy to see 9% growth in FY08: ICRA
eClerx scouting for buys in US, Europe

5 stepping stones to a healthy fin life
Fiscal deficit down 11% in Apr-Nov period
CRISIL IPO assigns grade 4/5 to IPO of Reliance Power
eClerx Services ends with 42% premium
2007: Blockbuster year for F&O market

Stocks to watch: RPL, RNRL
Brigade Enterprises closes on a weak note

Source: http://www.moneycontrol.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

77% IPOs gave positive returns in 2007

77% IPOs gave positive returns in 2007

A total of 101 IPOs listed in the year of 2007. 78 IPOs gave positive returns while the balance remained below issue price.
23 IPOs offered over 100% returns and 3 stocks jumped over 500%. Orbit Corp was the best performing IPO in 2007 whereas Broadcast Initiatives was worst performing.

Money-makers in 2007
Company
Issue Price
% Gain/Loss

Orbit Corporation
110
754.55
Everonn Systems
140
645.07
MIC Electronics
150
512
Pyramid Saimira
100
434.1
Allied Computer
12
415.42
GBN
250
316.8
Gremach Infra
86
307.21
Allied Digital
190
291.05
Redington
113
273.76
Vishal Retail
270
250.37

Losers in 2007
Hilton Metal
70
-26.07
Asahi Songwon
90
-26.67
Alpa Laboratori
68
-26.99
Decolight Ceram
54
-29.26
Abhishek Mills
100
-31.35
Jagjanani Text
25
-36.88
Oriental Trimex
48
-37.92
Vijayeswari Tex
100
-44.5
House of Pearl
550
-48.91
Broadcast
120
-50.83

Source: http://www.moneycontrol.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

Stocks to own in 2008 : Moneycontrol.com

Stocks to own in 2008

2007 was a year of records for Indian markets. We saw the highest number of 1000 marks being croseed on the Sensex. Sensex crossed six thousand marks as compared to five in 2005. Metals, capital goods and oil & gas stocks had a tear away rally giving over 100% returns. But the question now is cam we mange to give the same returns next year? Which stocks will help us give us similar smart returns? Here are some of the analyst and brokerage views on markets, sectors and stocks one can buy.
Deven Choksey of KR Choksey said, “We are entering 2008 with a lot of promises, economic fundamentals are strong and more strong are corporate fundamentals. There are good strategic plans in terms of organic and inorganic plans are in place and there is growth visibility. Rupee appreciation has made overseas assets more affordable for Indian companies. Valuations are also well placed. If Sensex sees 20% growth in FY08 then it trades at 18.5 times FY09 earnings. We had record FII inflows in FY07 and they are expected to be over USD 20 billion in 2008. There are lot of new papers coming in. IPOs worth Rs 1,75,000 crore are being planned for FY08-09 and we will see most of it coming in FY08. Thee is an increase in infrastructure spending of over USD 500 billion is being planned which is positive for the economy and will help the bull run sustain. We will also have intermediate corrections."
He further added, "Basel 2 norms are avourable for banks giving them higher valuations. Also interest rates are expected to go down next year, in the first half, which will help auto companies. Value unlocking will be seen in DLF, Reliance Communication and Reliance Industries."
Choksey is bullish on banking stocks like IDBI, SBI. In the auto sector Bajaj Auto, Maruti and Tata Motors look good.In the hydrocarbon space it likes Reliance, ONGC, GAIL. In the metal space he prefers integrated players like Tata Steel and SAIL. In the madcap space Kalyani Steel, Bharat Forge and Shreyas Shipping look good.
He further added that on the downside Sensex could go down to 18,500 levels and can see a upside of 24,500.
PN Vijay is also positive on 2008 as he feels that political considerations have taken a back seat and interest rates are seen softening which will have positive impact on many sectors. He further added that retail participation is also good and there is not much dependence on FII inflows.
Vijay is bullish on power, power equipment, construction, oil & gas, energy and capital goods sector. He like Karutri Network, Punj Lloyd, Kalpataru Power, L&T, Reliance Ind, BHEL, Sesa Goa, Gujarat NRE, Aban Offshore, Shriram Transport Finance, Eicher Motors.
Vijay Bhambwani is optimistic on the first half of the year. He is positive on capital goods and Technology space. He likes BHEL in the capital goods sector and TCS in the IT space. In the madcap space he likes Asian Paints and Pidilite.
Devang Shah Head of Institutional sales at Sushil Finance likes power, capital goods and cement stocks. He is also bullish on midcp pharma stocks. Even he is of the opinion that first half of the year will be good. Later we could see some sideways movements and consolidation. He prefers stocks like Indo Tech Transformers, Voltamp Transformers and Areva T&D.
Atul Suri is also positive on the Sensex and has a target of 22,570 and a target of 6805 on Nifty. He is bullish on themes from the education, airlines and madcap pharma space.
Dinesh Thakkar-CMD-Angel Broking said, “We expect 2008 to be another good year for the Indian stock market as it will continue to be the beneficiary of a favorable asset allocation on account of the strong quality growth being witnessed in India, which is being driven by the domestic consumption boom.”
2007 has been a landmark year for Markets which rallied to touch all time highs of 20K. The run-up in the markets was aided by unprecedented flows into the equity, with FII inflows during the year grossing $18 bn.. The liquidity flows towards India was driven by strong growth posted by the Indian corporate and high profitability of India Inc. vis-à-vis peers. This is also evident from the strong FDI and Private Equity funds that the India Inc. attracted."
"While at current valuations of 20xFY2008E and 17xFY2009E earnings, are higher than their historical levels, given fundamentals and continuous flow of funds towards Indian shores markets might don’t witness a significant downside. Overall we expect the markets to trade in the range 16-20x 1-year fwd earnings, which should provide an upside of at least 20% in line with the corporate growth expectations."
He further added, “The only near term risks to markets would stem from US slow down which in short term could hamper liquidity flows, however in the long run liquidity would continue to chase Emerging Economies, which are expected to be next power engines of global growth. Going into 2008 while we do not foresee a major decline in markets given strong fundamentals, however cheery picking approach at this juncture would be highly advisable especially for sectors like Infrastructure, Cap goods and Real estate where the prices in many cases have run-up ahead of the fundamentals. We rather advocate Investors to play the same through stocks in where core business is available at attractive valuations.”
In an interview with CNBC-TV18, Kotak Securities said that it expects the market to be rangebound trading somewhere in the 17,000-21,000 range. They are bullish on auto, banking, and technology segments and are bearish on telecom, cement, and TV broadcasting.
HDFC Securities is bullish on quite a few sectors like media, pipes and tubes, infrastructure equipment, education services, power transmission companies and fertiliser companies, Tejal said. They would like to remain cautious on FMCG, cement, standalone generation EPC companies, and some aviation stocks.

Source: http://www.moneycontrol.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

Hot picks for 2008 : Moneycontrol.com

Hot picks for 2008

Rahul Shah, Head - PCG, MF Global likes Simplex Infra, Ankur, Alembic Drugs and Pharma, Sea Marine and Great Offshore, reports CNBC-TV18. He believes 2008 will be the year where mid and small caps will out perform the largecaps.

Q: Why have you chosen Simplex Infrastructure and what is your target for the same?
A: We like infrastructure sector because it has the visibility and the opportunity and within this, we like Simplex Infra, which is best positioned to take advantage of this.
Simplex Infra used to predominantly be in the area of piling and road projects; it has now moved away from that, which are low margin businesses and is focusing more on railways, irrigation, construction projects. We believe that it not only has the visibility of topline, but also the margins will improve over a period of time. The stock is right now at Rs 640 and will give handsome returns in the year to come i.e FY08-09.

Q: Why do like midcap pharma and what sort of growth rates can you set out for Ankur and Alembic?
A; We like the midcap pharma sector, because there are many companies with CRAMS and outsourcing area, which demand attention. Out of those we like Alembic and Ankur Drugs & Pharmaceuticals. Both are into a very niche segment and are at very attractive valuations. While Ankur focusses on CRAMS and outsourcing is available close to 8-9 times FY09, Alembic is a diversified play on Pharma with a topline as high as Rs 800-1,000 crore.
So these two by no means are small companies and they will grow much more than the frontline companies in the years to come and we believe that these two companies have the potential to appreciate from current levels.

Q: Sea Marine and Great Offshore, what is your call on them?
A: We are bullish on offshoring as a sector and within that we like companies like South East Asia Sea Marine and Great Offshore. South East Asia Sea marine had vessels on dry-docking for the last two years and the company could not deliver results as per expectations, but I guess dry-docking of most of its vessels is over and one may see a great momentum in revenues in the year to come. It is out an out asset play and we believe that there is great visibility of revenues. The oil ruling at this level gives a lot of comfort and they are available at attractive valuations.
All in all, we believe this sector will also fetch returns in the year to come.

Q: Do you think the midcap and the smallcap index will continue to out perform the larger indices as they have done for the latter half of 2007 or do you think that may not be the case?
A: I guess midcap and smallcap will out perform the largecaps, but the only thing is that midcap companies are an asset class in itself, there is dearth of liquidity and management track record is not clear in most of the midcap companies. So one will require great conviction and patience for having a multi bagger in your pocket

Source: http://www.moneycontrol.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

2007 - The year of crazy bull run : MoneyControl

2007: The year of crazy bull run

The year 2007 was outstanding for Indian equity markets as both the benchmark indices Sensex and Nifty conquered new peak with hefty gains -----47% and 53% respectively for the period December 29, 2006 -December 30, 2007. The BSE Sensex added six thousand points during the year, which was better than the five thousand points it added in 2005.

FIIs Flows

The Foreign Institutional Investors (FIIs) have also shown enormous interest in the Indian markets by making record investment of USD 17 billion in a single year. FII investment of USD 10.7 billion in 2005 was the previous high.

Sectoral Indices

Sectorally, BSE metal, capital goods, oil & gas, consumer durable and bankex have outperformed the Sensex. However, FMCG, healthcare and auto sectors remained underperformers. IT was the only sector that has given negative return for the year.

Top 2007 F&O Stocks:
In the F&O segment, a few stocks gave hefty returns. Stocks like RNRL gained over 700%, Ispat Industries surged over 600%, IFCI, Jindal Steel & Power and Nagarjuna Fertilisers & Chemicals rose over 500% in one year.

Reliance pack Chg (%) in 2007

Notably, the Reliance pack offered great returns to its shareholders. ADAG stocks like RNRL rose 600%, Reliance Capital increased 326% and Reliance Energy shot up 311%. On other hand, Reliance stocks belonging to Mukesh Ambani--- like Reliance Infra , RPL and Reliance Industries surged 300%, 249% and 128%, respectively for the year.

Wealth Creator and Destroyer
There were few astonishing wealth creator stocks for the year. MMTC gained over Rs 135752 crore, Cals Rs 6902 crore and Jindal South West soared Rs 2324 crore. However, there were few stocks which were wealth destroyer like Hexaware Tech (lost Rs 1463 crore), Atlanta (lost 1089 crore ) and Subex (lost 1122 crore.)

Non-Index Gainers in 2007
From the non-index pack, some stocks, especially from steel and oil, have given phenomenal returns. From the steel pack, stocks like Ispat Industries has given a return of over 630% in one-year. Jindal Steel has gained over 530%.
Essar Oil, from the oil refinery space, has done phenomenally well giving a return of almost 460%; Neyveli Lignite gained 338%; and GMR Infra, which is in the construction space, is up about 240% in the non-index space.

Large/Non-Index Losers in 2007
Among the non-index losers in the tech space, Tech Mahindra lost almost 32% over the last one year. i-Flex lost about 22% of its market share while Infosys lost about 19%, and TCS 10%.
Tata Motors lost about 18% from the auto space. Cipla was down about 14%. From the construction space, stocks like Sobha Developers has seen about 10% reduction. Ultratech from the cement space lost about 10%.

Large Cap Change in 2007

More on this Article @ 2007: The year of crazy bull run
or
http://www.moneycontrol.com/india/news/market-edge/2007-the-yearcrazy-bull-run/21/05/319080

Source: http://www.moneycontrol.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

Discover Stock Market India Nifty Bank Nifty Technicals Analysis & India Business Stories

31 December 2007

ETs Top Year End and Other Stories

Myiris.com Top Stories

Deadpresident Blog Year End Updates

20 great stocks to buy in 2008 : Rediff.com

Moneycontrol Top Stories

77% IPOs gave positive returns in 2007

Stocks to own in 2008 : Moneycontrol.com

Hot picks for 2008 : Moneycontrol.com

2007 - The year of crazy bull run : MoneyControl

Zoho One

Subscribe via email

Blog Archive

Market Stats, Stock Market News

Other Stock Related

LinkedIn Member

E-Magazines, NewsOnline

Other USEFUL Links

Stocks & Venture & Tech space

About Us

Total Pageviews

Labels

Search This Blog