STOCKS


Sharad Matade 26 October 2010
Though Coal India is sitting on the largest coal reserves in the world, the dark reality is that much of its mines are located in mafia-infested land, where smuggling is the norm, not an exception As foreign investors poured billions of dollars into the initial public offering (IPO) of Coal...

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Munira Dongre 25 October 2010
Ashok Leyland margins surprise positively; lower realisation and higher costs severely dent Ambuja’s profitability; ACC margins are at historical lows; TCS delivers best volume growth in 21 quarters; Canara Bank asset quality steady; Hindustan Zinc’s realisations better than expected ASHOK...

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Mehrab Irani Mehrab Irani 22 October 2010
Except for the ‘secondary corrections’, which may happen in the future, the market appears to be on the rise   There are five major factors which affect stock markets: economic, monetary, fundamental, technical and psychological. Let's look at the current market condition based on...

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Munira Dongre 22 October 2010
BAJAJ AUTO (Q2) Net sales: Rs43.42 billion (expected range Rs41.20 billion-Rs43.22 billion) Net profit: Rs6.82 billion (expected range Rs6.32 billion-Rs7 billion) Highlights: Both sales and net profit were at the higher end of the estimated range. As expected, realisations...

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Sucheta Dalal Sucheta Dalal 21 October 2010
In Coal India’s prospectus, two figures have got altered. SEBI, whose decisions are often biased and whimsical, has insisted that investors must be allowed to withdraw their bids on such a negligible mistake The Securities and Exchange Board of India (SEBI), whose decision-making has always...

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Moneylife Digital Team 20 October 2010
Ask a question about how much the Indian market is dependent on FII investment and fund managers will flood you with myths and wishful thinking Indian markets almost hit their all-time high in October, primarily led by the copious inflows from foreign institutional investors (FIIs). FII...

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Munira Dongre 20 October 2010
Sesa lowers volume estimates; HDFC Bank retail loan growth very strong SESA GOA Q2 Net sales: Rs9.07 billion (expected range Rs6 billion-Rs10.2 billion) Net profit: Rs3.88 billion (expected range Rs2.6 billion-Rs4.8 billion) Highlights:  Realisations at $76/tonne were much lower...

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Munira Dongre 20 October 2010
L&T execution picks up; HDFC disbursements healthy LARSEN & TOUBRO Q2 Net sales: Rs93.4 billion (expected range Rs84.9 billion-Rs95.6 billion) Net profit: Rs6.94 billion (expected range Rs6.2 billion-Rs8.1 billion) Highlights: Sales were at the higher end of the expected range and...

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Munira Dongre 18 October 2010
In a report to its institutional clients, broking firm CLSA says Coal India deserves a premium over its global peers and believes that the 1-year forward value for CIL is Rs309-Rs324/share against the IPO price band of Rs225-Rs245/share Offer size: 631.6 million shares Total number of shares:...

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Moneylife Digital Team 15 October 2010
The stock market is nervous about the microfinance sector, particularly SKS Microfinance—the country’s largest MFI—which is suffering for its deeds Recent incidents are taking a toll on the share price of SKS Microfinance Ltd, probably the country's largest microfinance company. The SKS stock,...

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Munira Dongre 15 October 2010
Net sales above expectations; profit at the higher end; dollar guidance raised, but rupee guidance stagnant at the upper end due to appreciation INFOSYS Q2 Net sales (INR): Rs69.5 billion (expected range Rs66.1 billion-Rs68.4 billion) Net sales ($): $1.5 billion (expected range $1.44...

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Munira Dongre 15 October 2010
Axis NII at upper end of estimates but slippages rise; LICHF's NIMs hold AXIS BANK Q2 NII: Rs16.15 billion (estimated range Rs15.1 billion-Rs16.5 billion) Net profit: Rs7.3 billion (estimated range Rs6.7 billion-Rs7.5 billion) (NII and profits were both at the higher end of estimates)...

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Sucheta Dalal Sucheta Dalal  and   Debashis Basu Debashis Basu 14 October 2010
The government will have to be unusually quick to exploit the current window of opportunity by divesting stakes in fundamentally strong public sector firms and channel money into large infrastructure and development projects With the markets on fire, many investors seem to think that the...

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Munira Dongre 14 October 2010
After a poor showing against TCS in Q1, most analysts on the Street expect Infosys (results on 15th October) to be a top performer among Tier-1 IT stocks this quarter INFOSYS Q2 Net sales (INR): Rs66.1 billion-Rs68.4 billion Net sales ($): $1.44 billion-$1.48 billion Net profit: Rs16.8...

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Munira Dongre 13 October 2010
Though net profits have jumped, operating profit growth for the first few companies that have declared results has been a mixed bag SINTEX INDUSTRIES (2Q) Net sales: Rs 9.2bn (estimated range was Rs 8.2bn - Rs 10.23bn) Net profit: Rs 1bn (estimated range was Rs 686mn - Rs 1.12bn) Results...

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Moneylife Digital Team 13 October 2010
The pricing of the world’s biggest coal producer’s IPO appears to be competitive, say analysts Yesterday (http://www.moneylife.in/article/8/9954.html) we had reported on how Coal India Ltd (CIL) is planning to come out with what could eventually be India's largest Initial Public Offering...

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Sanket Dhanorkar 13 October 2010
As the deadlock between the two majority stakeholders WMDC and Bajaj Holdings over the sale of the government’s stake in the shell company continues, anxious minority shareholders could be left high and dry The saga surrounding the stake-sale row in Maharashtra Scooters Limited (MSL), the now...

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William Gamble William Gamble 13 October 2010
Capital flows to emerging markets have risen to $825 billion as a result of the ultra-low monetary policy in rich countries. They are running the risk of destabilising these markets The global economy is like a balloon. If you push in one place, it will bulge out somewhere else. This is what is...

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Moneylife Digital Team 12 October 2010
The quarter ending September has been full of exciting developments for both the economy as well as corporate India. The BSE Sensex has crossed 20,000 and the markets are eagerly waiting to see the Q2 numbers before taking fresh direction. Here is what analysts are expecting in the power, real...

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Munira Dongre 12 October 2010
Here are the earnings that can be expected from these companies CASTROL INDIA (Q3) Net sales: Rs6.4 billion-Rs7.2 billion Net profit: Rs1.1 billion-Rs1.5 billion Operating margins are expected to be about 500bps lower due to higher raw material prices and a weaker rupee. The quarter is...

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