Archive for December, 2011

Sensex loses 389 points, euro zone debt concerns

The Indian markets had a disappointing day, as both the bourses shed more than 2% today. The Nifty breached the psychological 5K mark and closed down 119 points at 4943. Good inflation numbers also could not do much to cheer up the market sentiment. Primary rticles’ inflation decreased by 82 bps to 6.92% for the [...]

Ashok Leyland – Short Term Investment

Ashok Leyland Ltd. Ashok Leyland registered a volume decline in Q1FY12 Net sales were up 14% y-o-y on account of significant improvement in Net realizations. Gross margins remained flat y-o-y & declined 149 bps q-o-q. However OPM declined marginally by 53 bps y-o-y to 10.7% on account of higher other expenses & employee cost as [...]

Larsen & Toubro bagged new orders valued at 2700 crore

Larsen & Toubro has bagged new orders valued at 2700 crore across various businesses during Oct/Nov 2011. In the Buildings & Factories segment, the Company secured new orders worth 1109 crore from reputed customers for the construction of a major residential complex consisting of 23 towers of up to 29 stories. In the Infrastructure segment, [...]

SKS Microfinance board has also approved fund raising of Rs 900 crore

Country’s sole listed microfinance institution (MFI), SKS Microfinance would be diversifying into new area and has already sought board’s approval for the same.the company would stick to microfinance as a core business and it would focus on client protection.the company’s board has also approved fund raising of Rs 900 crore but the company doesn’t intend [...]

IRB Infra – Short Term Investment

Company Name : IRB Infra BSE : 532947 NSE Symbol : IRB IRB Infra reported Q2FY12 consolidated revenues of Rs 736 crore (up 5%, YoY) that is inline to our expectation, primarily increased by construction Income of Rs 528 crore (up 79%, YoY) and Toll revenue grew by Rs 238 crore (up 17%, YoY). Operating margin is [...]

Short Term Investment – 5 Dec 2011

Buy Union Bank of India with target price of Rs. 300 Buy Tata Consultancy Services with target of Rs.1480 Buy Mahindra and Mahindra With target price of Rs. 950 Buy L and T with the target price of Rs.1680 Buy ONGC with the target price of Rs. 330

Free Day Trading Tips – 5 Dec 2011

Buy Power Finance Corp. at Rs 173.1-177.2, Stop Loss at Rs 170.1, Target at Rs 184.4-195.7 Sell Cadila Healthcare at Rs 701.7-707.3, Stop Loss at Rs 710, Target at Rs 693.3-679.3

HSIL EPS Rs.6 in 1HFY12

HSIL CMP Rs. 150.00 BSE Code: 500187 Operating margin is a measurement of what proportion of a company’s revenue is left over after paying for variable costs of production such as raw materials, wages, and sales and marketing costs. A healthy operating margin is required for a company to be able to pay for its [...]

Base metal prices traded higher in the last week – 04 Dec 2011

For this week, we expect base metal to trade higher on account of upbeat sentiments in the global markets due to easing concerns over Europe’s debt worries. Additionally, dollar weakness will also act as a supportive factor. However, unfavorable manufacturing data from China may cap sharp gains in prices. MCX February Copper shall find a [...]

stocks to buy – Jain Irrigation

Jain Irrigation BSE ID : 500219 NSE ID : JAINIRRIG Jain Irrigation Systems Limited is an India based agri-business company engaged in manufacturing of irrigation systems in India. The company operates in two segments: Hi-tech agri input products and industrial products. The company’s hi-tech agri input products consists of micro and sprinkler irrigation, PVC pipes and [...]