GAIL (India) Ltd (Hold) Rs. 401.30 -0.40 (0.00%) Larsen & Toubro Ltd (Hold) Rs. 1635.55 -4.35 (-0.04%) NMDC Ltd (Hold) Rs. 298.30 -5.90 (-0.06%) Bajaj Auto Ltd (Hold) Rs. 1976.60 97.05 (0.97%) STOP LOSS: Rs.1933.00 TARGET: Rs. 2020.00 Suzlon Energy Ltd (Hold) Rs. 72.80 -0.20 (0.00%) STOP LOSS: Rs.70.00 Cairn India Ltd (Hold) Rs. 295.00 -3.45 (-0.03%) Dabur India Ltd (Hold) Rs. 164.90 4.80 (0.05%) STOP LOSS: Rs.146.00 ICICI Bank Ltd (Hold) Rs. 947.70 22.10 (0.22%) STOP LOSS: Rs.910.00 Unitech Ltd (Hold) Rs. 71.40 -0.60 (-0.01%)
Sunday, March 28, 2010
Indian Stock Recommendations,latest brokerage reports
Friday, August 7, 2009
Indian Stock Picks : Top Analysts recommendations
Here are some of the recommendations from analysts in recent weeks
ONGC
Research: Citigroup
Target price: Rs 910
Citigroup has rated ONGC a 'sell', with a price target of Rs 910, citing lower crude prices and lack of clarity on fuel subsidy burden. "Weak to moderate crude prices have started hurting ONGC, despite lower subsidy sharing, as realisations on JV (joint venture) and international crude suffer," the foreign brokerage said in a report.
My take: I always prefer trading in ONGC, it has support around 990 so I would be buying at this level if markets are not in a panic mode
Aban Offshore
Research: Macquarie
Target price: Rs 605
Macquarie has raised its price target on Aban to Rs 605 from Rs 315 while reiterating its 'underperform' rating after the company's net profit beat estimates, despite falling. The hike in price target is in the wake of the company's plans to raise capital through share issue.
GMR Infrastructure
Research: Enam
Target price: Rs 171
Enam Securities has maintained its 'outperformer' rating on GMR Infrastructure, relative to the sector, with a price target of Rs 171, post its June quarter earnings.
Unitech
Research: ICICI
Target price: Rs 73
ICICI Securities has downgraded its rating on Unitech to a 'sell' from hold, with a price target of Rs 73, citing expensive valuations.
Genus Power
Reasearch: Sharekhan
Target Price: 338
In its results update note, Sharekhan has maintained ‘Buy’ recommendation on Genus Power with a price target of Rs 338 which is an upside of over 90 per cent from its current market price.
Voltamp Transformers
Reasearch: Religare
Target Price: 884
Religare Securities has maintained ‘Buy’ recommendation on Voltamp Transformers with an upgraded price target of Rs 884.
Kalpataru Power
Reasearch: Kotak Securities
Target Price: 865
Kotak Securities has initiated coverage on Kalpataru Power and Transmission with a price target of Rs 865, which is around 20 per cent upside from current market price of Rs 715.
rk
Friday, June 26, 2009
Nifty adopts Free Float market cap calculation methodology
Nifty has moved on to free float method for calculating the weights of the companies in the index. I just checked on investopedia for the definition of free-float methodology and this is what it says
Free-float methodology market capitalization is calculated by taking the equity's price and multiplying it by the number of shares readily available in the market. Instead of using all of the shares outstanding like the full-market capitalization method, the free-float method excludes locked-in shares such as those held by promoters and governments.
Calculated as:
And what was the impact of this?
"stocks that will lose their weightage in the index have seen sharp falls in share prices in the past few days," says a report from business line. It also points out that the selling is from the index funds who have to realign their portfolios based on the new weights assigned. Some of the companies that have lost weightage are NTPC, ONGC, Power Grid, SAIL and Bharti Airtel.
In general I think this is a move in the right direction for NSE and Nifty.
rk
Wednesday, June 24, 2009
Warren Buffet's funny and sensible quote
Sunday, June 21, 2009
Top 10 challenges for India to overcome!!
Goldman Sachs Economic Research has come out with a list of challenges that India needs to overcome if she has to achieve her true potential. The paper titled Global Economics Paper contains the following list
1. Improve governance
2. Raise basic educational achievement
3. Increase quality and quantity of universities
4. Control inflation: Try Inflation Targeting?
5. Introduce a credible fiscal policy: a medium-term strategy
6. Liberalize financial markets
7. Increase trade with neighbors
8. Increase agricultural productivity
9. Improve infrastructure
10. Improve environmental quality
Well, there are no surprises in this list. They are more or less obvious and they are definitely the areas to invest in.
RK
Thursday, June 18, 2009
Indian Mutual Fund Investors can rejoice!!
There is GOOD news for the Indian Mutual Fund investors. Sebi decided yesterday that there will be no ENTRY LOAD for any of the mutual fund schemes AND the distributor commission is to be paid by customers themselves and it wont be deducted by the fund anymore. What needs to be done now is to make sure that this message reaches the general public. Here is the snippet taken out of the news report on CNBC
The board considered the question of the existing manner of payment to the mutual fund advisors by investors and decided that there will be no entry load for any schemes. The investor will decide the commission that he is to pay to the distributor directly. It will not be deducted by the fund and then paid to the distributor. If the investor is making an application for Rs 100 that means the entire Rs 100 will get invested. There will be no deduction from that because there is no entry load. The board also decided that if the distributor is selling different schemes then he must disclose to the investor as to what commission he is getting for different schemes. This will avoid the conflict of interest and will allow investors to understand why a particular scheme is being recommended to them.
Thursday, April 30, 2009
Warren Buffet's low diversification strategy good for small and average investors?
Warren Buffet is a great man and I am a big of him and his investment principles. He puts in lots of wisdom in those few words. However there is one principle of his that I do not fully agree with, or, at the least think is not good for small investors and for starters to follow. That's his "low diversification" strategy!
He espouses the virtue of concentration, rather than diversification, for beating the markets. This is valid but to do that the guy needs to be knowing exactly what he is doing and he needs to have lots of common sense and lots of financial acumen. But how many guys have it? 20%? maybe if you apply the 80:20 principle. That's why I think, and I experienced it first hand as well, diversification is the most important aspect that a guy, who has just started on his investing journey, and small investors, who put in their hard earned money, should follow.
For this category of investors I believe avoiding big losses and disappointments is the key and the only way to do this is through diversification - spreading your money across 30-40 stocks for e.g.. Of course one cannot achieve market beating results with this kind of diversification but one can at least limit downside on their investments. This can be the base that one can build on as they spend few years on the market and pick up the nuances of stock picking. Of course this means that one should spend the time and effort in trying to learn and gain knowledge. If the time and interest is not there then it is better to outsource your money management to a mutual fund manager.
I started investing at the end of 2007, right at the peak of the Indian markets. And I did the mistake of putting in too much money on too few stocks and too quickly. I did them by following analyst's recommendations and by following the technical charts. The result of it is that when the markets crashed my investments were down more than twice the index drop.
I have been trying to learn more about the markets and about stock picking since then. And I am also open to following different strategies to see which works for me and which I am comfortable with. Diversification and periodic investments(weekly) of smaller amounts is something that I am following now and it seems to be working for me - either because it really works or because the markets have been doing well of late. But it certainly does give me time to analyze each of these companies, that I like, in more detail without missing the upside and also limiting the downside.
RK
Warren Buffet mistakes in 2008
Wednesday, April 22, 2009
List of 50 stocks excluded from NSE futures and options contracts
The following list of stocks have been excluded from NSE futures and options contracts for an year. As per the report
3i Infotech Limitedthe existing unexpired contracts for the month of and April, May and June 2009 would continue to be available for trading till their respective expiry and new strikes would also be introduced in these existing contract months.
This circular shall be effective from May 4, 2009
Alok Industries Limited
Amtek Auto Ltd
Aptech Limited
Arvind Limited
Balaji Telefilms Ltd.
Ballarpur Industries Limited
Bata India Ltd
Birla Corporation Ltd
Bombay Dyeing & Mfg Co. Ltd
Central Bank of India
Development Credit Bank Limited
Edelweiss Capital Limited
Escorts Ltd
Everonn Systems India Limited
Gateway Distriparks Limited
Gitanjali Gems Limited
Gujarat Narmada Valley Fertilizer Co. Ltd.
Gujarat Alkalies and Chemicals Ltd.
Havells India Limited
HCL Infosystems Ltd
Hindustan Oil Exploration Co. Ltd
IRB Infrastructure Developers Limited
Jet Airways (India) Ltd.
JSL Limited
Kesoram Industries Ltd.
KSK Energy Ventures Limited
The Karnataka Bank Limited
Lakshmi Machine Works Ltd.
Mahindra Lifespace Developers Limited
Maharashtra Seamless Ltd
MindTree Limited
Monnet Ispat Ltd
MRF Ltd.
Nava Bharat Ventures Limited
New Delhi Television Limited
Network 18 Fincap Limited
NIIT Limited
Peninsula Land Limited
Rajesh Exports Ltd.
Reliance Industrial Infrastructure Limited
S. Kumars Nationwide Ltd
SREI Infrastructure Finance Limited
SRF Ltd.
Strides Arcolab Limited
Thermax Ltd
Torrent Power Limited
TVS Motor Company Limited
UTV Software Communications Limited
Wockhardt Limited
Friday, April 17, 2009
Indian Companies 2008 - 2009 Annual Results on 17th Apr 2009
The following companies have reported their annual and 4th quarter results on 17th April 2009.
SBI Home Finance:- For the full year ended March 2009, net loss reported to Rs 24.63 crore as against net loss of Rs 18.25 crore during the previous year ended March 2008.
GRUH Finance:- For the full year ended March 2009, net profit rose 18.75% to Rs 50.28 crore as against Rs 42.34 crore during the previous year ended March 2008.
Sukhjit Starch & Chemicals:- For the unaudited full year, net profit declined 40.45% to Rs 12.00 crore in the year ended March 2009 as against Rs 20.15 crore during the previous year ended March 2008.
Logix Microsystems:- For the unaudited full year, net profit rose 82.35% to Rs 8.37 crore in the year ended March 2009 as against Rs 4.59 crore during the previous year ended March 2008.
Mysore Paper Mills:- For the unaudited full year, net profit rose 337.35% to Rs 22.13 crore in the year ended March 2009 as against Rs 5.06 crore during the previous year ended March 2008.
Sonata Software:- For the full year, net profit rose 45.43% to Rs 53.36 crore in the year ended March 2009 as against Rs 36.69 crore during the previous year ended March 2008.
Power Finance Corporation:- For the unaudited full year, net profit rose 12.30% to Rs 1355.19 crore in the year ended March 2009 as against Rs 1206.76 crore during the previous year ended March 2008.
ETC Networks:- For the unaudited full year, net profit declined 59.93% to Rs 9.36 crore in the year ended March 2009 as against Rs 23.36 crore during the previous year ended March 2008.
Compuage Infocom:- For the full year, net profit rose 3.74% to Rs 4.44 crore in the year ended March 2009 as against Rs 4.28 crore during the previous year ended March 2008.
Friday, April 3, 2009
Saving money, cutting expenses during recession
I liked to buy the latest editions of popular magazines as soon as they go on sale. Now I save up some money by waiting a month or two and picking up a copy at the nearby library.
Also read "A funny way to cut costs"
RK
Tuesday, March 10, 2009
Smart ways to save money during recession
1. If you have more than one girl friend then layoff the most expensive ones
2. If you have a single girl friend then cut down on expensive dinners and gifts
3. If girl friend is not reasonable then meet her less often or better take a break and enjoy your single hood
4. If you have a mistress then its needless to say that you won't be able to maintain her any longer. So people!!! recession is not a bad thing after all. It actually helps your spouse to remain faithful to you.
5. If you have a wife then god save you!
funny?
RK
Friday, March 6, 2009
Think before investing in India's Exchange Traded Index Funds
Index Funds are good. How about Exchange Traded Index Funds? They are good. That's what we are told and that's what I thought until I checked the volumes of the ETFs listed on NSE. To my horror and surprise I found that the volumes are miserably low and for some funds there were no trades at all. I use the stats from 6th Mar 2009 to drive home my point
Benchmark Mutual Fund-Nifty Junior Benchmark ETF -6257
Benchmark Mutual Fund-Nifty Benchmark ETF -76129
Benchmark Asset Management Company Pvt. Ltd. - Bank Index -1900
Reliance Mutual Fund -Banking Exchange Traded Fund (ETF) -236
Quantum Index Fund -Exchange Traded Fund (ETF) -104
Benchmark Mutual Fund - PSU Bank Benchmark Exchange -510
Traded Scheme
Kotak Mahindra Mutual Fund -0
From the stats you can clearly see that the volumes are pathetically low so its quite possible that you won't be able to sell when you want and at the prices you want since the spread between the bid and ask prices are high. Out of these funds only Nifty Benchmark Index seems to have decent volumes so that may be the only fund worth looking at.
I think the concept itself is very good but unless more people are aware of these funds and participate in them you are in real danger of getting stuck. You may not find buyers and you may get quotes far less than the market price. So think hard before investing in the ETFs.
RK
Monday, October 6, 2008
Valuable lessons taught by Stock Markets in 2008
As a novice to investing and still in my first year I truly believe that this period is teaching me valuable lessons in having ones patience and courage and also in not taking the markets for granted. This period showcases the risk that's inherent in investing in stocks which everyone seemed to have forgotten in the ensuing great bull run. In these dark days teachings or principles of Warren Buffet prove so correct. I mean his emphasis on preservation of capital as the most important aspect of investing.
My emotions keep varying during these days but I still drum up the courage to continue with my SIPs and I now tend to think that markets are now at the last phase of this bear run. Lets see whats in store for the rest of year.
RK
Indian Markets : Are we at the end of the mayhem?
Just like optimism is at its highest during the last phase of a bull market could this be the lowest point that is common during the end of a bear market? I can't see how more pessimistic one can be! How can one explain blue chips falling 10% or more in a day! The markets are now purely fear driven and no one can talk about fundamentals anymore. Just sit and watch and hope!
Just a while ago Mr. Deepak Parekh said on CNBC that even 100 Crores were not available in the market today. You could feel the pain in his voice when he was talking and he went to the extent of blaming RBI for the mayhem today because of their rigidity in infusing liquidity in the market.
RK
Thursday, April 10, 2008
Everyday India Stock Market and Business Round up - Apr 11 2008
ArcelorMittal wins EU approval for JV
Sify.comToday at 6:23 AM
ArcelorMittal, the world's largest steel maker, won approval from the European Union (EU) on Thursday to form a flat carbon steel joint venture (JV) with Swedish company BE Sverige, Xinhua reported.
March gold imports drop 50% yr/yr
Sify.comYesterday at 8:32 PM
India's gold imports in March halved from a year ago to 27 tonnes, extending a sharp downward trend as high prices kept buyers away but recovering from a heavier fall in February, a top industry official said.
Food prices make inflation control difficult: PM
Sify.comYesterday at 8:18 PM
A steep rise in food prices will make inflation control more difficult, Prime Minister Manmohan Singh said on Thursday, as he urged the global community to act together to ease a supply-demand mismatch.
Bicycle industry may hike rates by 5%
Sify.comYesterday at 6:25 PM
The bicycle industry is thinking of increasing the prices of bicycles by atleast 5 per cent as the production cost of a bicycle has shot up following the imposition of a surcharge of Rs 5,000 per ton on hot rolled steel by the primary steel manufacturers.
BSL Board to consider dividend
Sify.comYesterday at 5:57 PM
BSL Ltd has informed the BSE that a board meeting will be held on April 30 for consideration and approval of audited financial results for the quarter and year ended March 31, 2008 and to consider recommendation of dividend for the year.
Madras Aluminium board to consider dividend
Sify.comYesterday at 5:43 PM
Madras Aluminium Co Ltd has informed BSE that a board meeting will be held on April 29 to consider the audited quarterly financial results and dividend for the period ended March 31, 2008.
Tata Motors shifts gears on overseas expansion plan
Sify.comYesterday at 5:31 PM
Tata Motors gained on Thursday on reports that the company plans to expand its business in Africa by setting up assembly facilities, mainly for commercial vehicles.
NTPC net up 4%, to double coal imports
Sify.comYesterday at 5:23 PM
NTPC Ltd, India's largest power producer, on Thursday reported a 4 per cent rise in full-year provisional net profit and said it would double coal imports in 2008/09 as it expands capacity.
FIIs make a case ahead of SEBI meet
The Economic TimesToday at 9:49 AM
FIIs have requested SEBI that margin money and collateral deposited with the exchanges be made fungible across cash and derivative segment
War on rising prices may leave exporters high, dry
The Economic TimesToday at 7:49 AM
The political focus on taming inflation has robbed this year’s update of Foreign Trade Policy and exporters looking for sops are in for disappointment.
Foreign companies may get to bid for 3G spectrum
The Economic TimesToday at 5:49 AM
Government wants a pie of the spectrum revenue to meet debt relief and other social sector obligations.
RIL to sell up to 10% in KG basin
The Economic TimesToday at 3:48 AM
The company is learnt to have mandated Goldman Sachs to scout for a strategic partner in lieu of technology for further exploration and production
Tata Motors' rating may be downgraded
The Economic TimesYesterday at 10:48 PM
Moody's said Tata Motors' liquidity position is weak since the company has a high reliance on domestic bank debt.
SEZ to attract Rs 15,000 cr investments
The Financial ExpressYesterday at 2:54 PM
TIDCO and AMR Constructions signed a MoU to implement the Nanguneri multiproduct SEZ.
Indian Hotels postpones rights issue to Sept 09
The Financial ExpressYesterday at 2:54 PM
In a release to the Bombay Stock Exchange, the company said that it has extended the closing date for the issue by nine days and has pushed the exercise of warrants to next year.
Alternative use matter of concern for rising food price
The Financial ExpressYesterday at 2:54 PM
Prime Minister, Manmohan Singh, expressed deep concern over the rising commodity and food prices both at the global level and in the country. He said that the situation was becoming complex due to alternative uses being developed like for production of bio-fuel.
Rice stocks fall as AP tightens supply
The Financial ExpressYesterday at 2:54 PM
Rice stocks have fallen to alarming levels in Kerala after Andhra Pradesh government earmarked the lion's share of its 19 million tonne bumper paddy harvest for its own 'Rs 2 per kilo' rice scheme.
ICICI Bank buys back $50 m bonds
The Financial ExpressYesterday at 2:54 PM
ICICI Bank Ltd, the nation's second biggest bank, has bought back $50 million of bonds out of the $2 billion issued by its Bahrain branch in October, a statement from the bank said.
Global real estate investment to take 30%-hit, says report
The Financial ExpressYesterday at 2:54 PM
After a record year in 2007 for direct real estate investment globally, with volumes up 8% year-on-year to $759 billion, the investment outlook for 2008 expected to be down over 30% on 2007.
Ranbaxys twin presence in Orchid under sharp focus
The Financial ExpressYesterday at 2:54 PM
Even as the Ranbaxy group made it clear that it wasn't interested in hostile takeovers, the group's presence in the Orchid Pharmaceuticals case on two separate occasions is now the topic of intense discussion in market circles.
SBI, SBS merger likely to take a backseat
The Financial ExpressYesterday at 2:54 PM
The SBI is likely to put its merger with associate bank SBS on the backburner. The contentious issue would not be brought up at SBI's board meeting to be held on May 2, sources said.
RK
http://yourmitra.wordpress.com
India Stock Review : Bartronics Limited
I came to know about Bartronics Limited in Nov, 2007. Bartronics Limited was mentioned in an article on Rediff.com as one of the top 10 stocks to invest in 2008. I had followed it since then and I saw it trade in a range for a major part of the year. I liked this company, if you take a look at their numbers over the last few years you can really see they are moving in the right direction. I wanted to get in at the right time so when the stock fell to 190 towards the end of March I jumped in. But the stock, surprisingly, nose dived right after and now it is around 145.
I want to put in some money now. I don't hear any bad press about this stock but there seems to be lack of buying interest as well, which is evident from the low volumes. I am not sure at this point if this is going to move up or down from here - no trigger as well except for a news item that its US subsidiary was given a patent for non-reusable radio frequency-based tamper resistant wrist band or bracelet-like identification device, with an option for advertisements.
I dont have any doubts about the growth of this company over the long term but I dont want to lock in anymore of my hard-earned money. So I am going to watch for a week or two and if I see a trend then I make a decision and, of course, will update this post as well.
RK
Wednesday, April 2, 2008
3 Apr 2008 - Round up of important Indian Markets and Business News and Views
Bad news from Wall Street this time. The Fed chief had indicated that US may have slipped into recession already. This means that Asian stocks should take a hit today but oddly I see all the bourses in green. Indian Markets have not opened at the time of this post but I think it will follow its Asian Bros.
Wall Street stocks ended lower on Wednesday after Federal Reserve Chairman Ben Bernanke suggested the world's largest economy may have begun to slide into recession in the first half of this year.Indian Auto Majors foreign buying spree continues!
Testifying before Congress, America's top central banker told lawmakers that the US economy would show scant expansion "and could even contract slightly" during the first six months of 2008.
The Dow Jones Industrial Average finished down 45.44 points (0.36 percent) at 12,608.92 after moving in and out of positive territory. The blue chip stock barometer had rallied by almost 400 points just a day earlier.
A consortium of Mahindra & Mahindra (M&M) and ICICI Venture Funds on Tuesday signed a definitive agreement to acquire 100% stake in Italian gear maker Metalcastello. Company officials refused to divulge details of the deal. The acquisition is part of M&M’s larger strategy to consolidate its gear business in the European market. ET first reported the deal on November 6, 2007.More news of Indian Government fighting inflation hard! I bet we would not have seen such swift actions if not for the impending general elections. Onions led to BJP's downfall once, can this be the catalyst for Congress's demise in the next election? Lets wait and see!!
With rising prices spoiling the economic growth party, the government is ready to crack the whip beginning with a ban on cement exports.Some news headlines from major papers and websites
Simultaneously, efforts are on to increase imports from Pakistan, which is willing to supply up to 11 million tonnes.
On Tuesday, in the midst of the government's multi-pronged crackdown on inflation, the cement producers had announced a rise in prices.
The export ban will augment domestic availability while the cheap imports from Pakistan will soften prices.
- Anil Ambani group's financial services arm Reliance Capital has got a new Chief Executive Officer with Sam Ghosh taking over charge
- Bajaj Auto Ltd, India's second-biggest motorcycle maker, on Wednesday said vehicle sales in March fell 10 per cent to 176,101 units from 196,592 units a year earlier.
- Suzlon Energy Ltd has informed the BSE that Suzlon Wind Energy Corporation, the subsidiary of Suzlon Energy Ltd has signed a repeat order with Horizon Wind for 200 MW of wind turbine capacity.
- The National Commodities and Derivatives Exchange Limited (NCDEX) will commence trading in future contracts of Certified Emission Reduction (CERs), the first of its kind in the developing world.
- Rising oil prices has made a dint in profits of Fast Moving Consumer Goods sector. Godrej Consumer Products Ltd, a major player in FMCG market has projected that slowdown in this sector will continue and is also mulling over revising the prices of its product range shortly.
- The National Multi-commodity exchange on Tuesday introduced futures contract in Coffee Arabica and Coffee Robusta, besides other commodities, after receiving approval of the forward markets commission.
- The government has decided to lift the ban on exports of castor oil, coconut oil and edible oils of minor forest produce with effect from April 1, 2008
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