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Sunday, June 05, 2011

Top Picks


Top Picks

Grey Market Premiums - Vaswani Industries, Timbor Home, VMS Industries


Company Name

Offer Price

(Rs.)

Premium

(Rs.)

Vaswani Ind.

49

(Upper Price Band)

-3 to -5

(Discount)

Timbor Home

54 to 63

4 to 4.50

VMS Industries

36 to 40

2.50 to 3

India Pharma


India
Pharma

Colgate Palmolive


Colgate Palmolive

Mahindra and Mahindra


Mahindra and Mahindra

City Union Bank


City Union Bank

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State Bank of India, Petronet LNG, Biocon, Sintex, Automobiles


State Bank of India, Petronet LNG, Biocon, Sintex, Automobiles

Coal India Ltd


Coal India Ltd

Hindalco Industries


Hindalco

India Equity Strategy


India Equity Strategy

India Banking


India Banking

Cairn India


Cairn India

BEML


BEML

Reliance Infrastructure


Reliance Infrastructure

Weekly: Sensex, Nifty ends with modest gains


A global selloff in equities coupled with jitters over the ongoing 2G scam marred a good week for the Indian markets. Below par Q4 GDP numbers, and disappointing reports on the core sector and manufacturing also weighed on Dalal Street. However, a drop in food inflation and steady inflows from the FIIs lent good support to the Indian indices. Finally, the BSE Sensex rose 0.6% to close at 18,376 and the NSE Nifty gained 0.7% to close at 5,517 for the week.

Market Wrap Up - June 5 2011


Market Wrap Up - June 5 2011

Markets end action-packed week with modest gains


Indian markets ended its two-week loosing streak by pulling the shutters down in green witnessing a roller-coaster ride throughout the week. Sensex ended at 18,376, up 110 points and Nifty at 5516, up 40 points.

Major news for the week:

Q4FY2011 GDP at 7.8% vs 8.3% in Q3FY2011

April exports up 34.42%, imports up 14.13%

Food inflation at 8.06% vs 8.55%

Economy may grow by 8.5% in FY12

Bank credit grows 22.3% in May

Sun TV Network Ltd


Sun TV Network Ltd

Food inflation softens...Fuel inflation rises


The annual rate of inflation in the food space decreased in the third week of May but stayed above the 8% mark, data released by the Government showed on Thursday. Inflation in the Fuel & Power space climbed during the week under review while that in Non-Food category declined, the data revealed.

Annual inflation in Food Articles fell to 8.06% in the week ended May 21 from 8.55% in the preceding week, the Commerce & Industry Ministry said in a statement. With this, food inflation has remained under the much-dreaded double digit mark for the tenth straight week.

RIL to become debt-free by end-FY12: Mukesh Ambani


Reliance Industries Ltd. (RIL) will become debt free at the end of the current financial year (2011-12), according to Chairman Mukesh Ambani. He made this remark while addressing the Annual General Meeting (AGM) of RIL in Mumbai. The enterprise value of RIL is at US$75bn, he added. The market capitalisation of RIL has grown at 77% CAGR over the last 33 years, Mukesh Ambani said. RIL has free cash of Rs. 42,393 crores on its balance sheet, he said.

SBI


SBI

Punj Lloyd


Punj Lloyd

Sun TV and Spicejet shares slammed as 2G scam engulfs Marans


Shares of Sun TV Network Ltd. and SpiceJet Ltd. were pummeled on Thursday amid media reports that the CBI probe into the multi-billion-dollar 2G scam could be extended to the Maran family. Apparently, a PIL was filed to direct the CBI to probe alleged irregularities committed by Textiles Minister and DMK leader Dayanidhi Maran when he was the Telecom Minister in the UPA's first term. The application was filed by advocate Prashant Bhushan for NGO 'Centre for Public Interest Litigation'. CBI said that the agency was already investigating the matter.

Weekly Newsletter - June 5 2011


The Indian market continues to witness zigzag movements without any clear bias and sense of direction. It is seeing alternating bouts of buying and selling based on certain news flow. Though FII flows have improved slightly, the influx is still not strong enough to lift the key indices substantially. At the same time, macroeconomic landscape remains challenging and the Centre is still grappling with issues of corruption, leaving policy making in a limbo.

India Strategy - June 5 2011


India Strategy - June 5 2011

Fortis Healthcare


Fortis Healthcare

India Strategy


India Strategy