STOCKS


Moneylife Digital Team 12 March 2013
Nomura has come up with its fortnight valuation monitor and finds that forward Sensex PE is at 13.3x after a minor downgrade in EPS. Earnings for Sun Pharmaceuticals, NTPC, Power Grid Corporation, GAIL and UltraTech Cement have been upgraded Nomura Equity Research (Nomura) has come out...

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Moneylife Digital Team 11 March 2013
As suspected, the Nifty has stalled. The next two days will determine whether we see a pullback or a rally to new short-term highs. If the market goes down, the support is at 5,865 The market snapped its four-day gaining streak and settled lower amid a highly volatile session on...

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Moneylife Digital Team 11 March 2013
ESS has come out up with its monthly report and realised that its expectations were too high and needs toning down. But it still remains optimistic and expects the economy to recover and RBI to slash interest rates The latest brokerage to get “seduced and dumped” is Espirito Santo...

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Moneylife Digital Team 11 March 2013
A low margin business with virtually no institutional holding    Supreme Petrochem (SPL), with a market share of more than 50%, is the leader in polystyrene (PS) business in India. SPL is also the largest Indian exporter of PS, exporting to over 80 countries around the globe. SPL’s...

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Valuations are not compelling and since poor governance is unable to deal with inflation, fiscal deficit and current account deficit, earnings growth may be muted. A big worry: consumption growth is low and savings rate has fallen sharply. Bulls face a tough going. Analysis by Debashis Basu...

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Moneylife Digital Team 09 March 2013
The Nifty will find it hard to break through 6,000 in this rally. If it does, the next resistance would be around 6,025 The market settled in the green, snapping its five week losing streak, mainly on signs of economic activity across the world picking up. Positive indicators from Japan,...

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Moneylife Digital Team 08 March 2013
Nifty will hit a resistance on Monday but if it manages to close above 5970, the rally may continue The market closed in the positive for the fourth day in a row on gain in oil & gas, FMCG, metal and banking stocks. Positive global cues supported the sentiments. Nifty will hit a...

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Moneylife Digital Team 07 March 2013
The Nifty has crossed the first target of 5,850. The next target is around 5,940   The market closed in the positive aided by a splendid recovery in the second half of trade, settling higher for the third day in a row. The Nifty has crossed the first target of 5,850. The next...

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Moneylife Digital Team 07 March 2013
CRISIL is not a stock broker which is not serious about its buy calls and target prices. Indeed, CRISIL’s ‘analysts’ are supposed to be more hardnosed than equity analysts, given that CRISIL is an ‘expert’ in rating debt. If so, what can explain this kind of analysis and recommendation?...

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Moneylife Digital Team 06 March 2013
The rally that started on Monday morning may last for another two days. The Nifty may stall at around 5,850   The rally that started on Monday morning may last for another two days. The Nifty may stall at around 5,850.  The National Stock Exchange (NSE) recorded a volume of 72.52...

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Moneylife Digital Team 06 March 2013
The government could raise between Rs250-Rs300 crore from the stake sale. The government holds 92.5% stake in RCF and the paid-up capital of the company is Rs551.69 crore The government is set to offload 12.5% stake in Rashtriya Chemicals and Fertilizers (RCF) through the Offer for Sale...

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Moneylife Digital Team 05 March 2013
Nifty strengthened above yesterday’s low and closed, up 1.50%, the maximum one-day percentage gain since 29 November 2012. The index may move up to 5,900, subject to dips   The market, which was in the positive since the opening bell, settled near its highs on supportive global cues....

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Moneylife Digital Team 05 March 2013
NSE said the members opting for the ‘T+0’ facility would need to make the payments by 8.30am on the next settlement day, before the opening of the next trading session The National Stock Exchange (NSE) has introduced a same-day settlement scheme ‘T+0’, under which members can save on...

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Moneylife Digital Team 04 March 2013
Foreign brokers and institutions’ expectations were dashed when the recent Union Budget did not meet their expectations after being seduced by the finance minister not so long ago. Why is it not a surprise to us? Just when foreign brokers and investors were getting ready to toast their...

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Moneylife Digital Team 04 March 2013
Nifty made a fresh low today. For a rise, it has to stop making fresh lows and close above any previous day’s high The market settled marginally lower on dismal global cues which threatened to derail the growth momentum. The Nifty made a fresh low today. For a rise, it has to stop making...

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Bulls need a new hope, even if it’s a false one My column in the previous issue was titled “Reality Strikes”. Well, the inevitable happened. From a high of 6,111 on 29th January, the Nifty fell to an intraday low of 5,675 on the Budget day, a crash of 7.14% in just a month. For Moneylife...

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Moneylife Digital Team 02 March 2013
If the last week’s lows hold, the Nifty will attempt to cross 5,740 and then 5,770 The market declined over 2% in the Budget week as corporates and foreign investors were largely disappointed with the proposals announced by the finance minister on Thursday. While he made a clarification...

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Moneylife Digital Team 01 March 2013
A weak recovery on the cards   The market closed in the green, but off the highs, as the finance minister clarified there was no cause for concern about the tax residency certificates. A weak recovery is on the cards as the market is trying to form a base. The National Stock Exchange...

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Moneylife Digital Team 28 February 2013
If today’s low holds, the Nifty may make a laboured attempt to reach 5,850   The lacklustre Union Budget which proposed higher taxes on corporates and individuals saw the market paring its early gains and crashing by over 2% from the day’s high. If today’s low holds, the Nifty may make...

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Moneylife Digital Team 27 February 2013
Edelweiss conducted a survey to gauge the market sentiment on Budget Day. Majority of the respondents seem to be optimistic.   As always, market participants are eager to gauge the prevailing sentiment as well as expectations on the Budget Day. For this purpose, Edelweiss conducted a...

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