Asset quality at risk amid strong performance… Axis Bank (AXB) declared a robust set of results beating our estimates. AXB reported 60% YoY PAT growth to Rs 581 crore (I-direct estimate of Rs 435 crore). The buoyancy in the PAT can be attributed to huge treasury gains of Rs 166 crore coupled with better operating [...]
Stock Advice On India Oil & Gas – ANAND RATHI Mar ’09 quarter results preview Expect low margins to continue. Q4FY09 results would be struck by lower yoy refining and petrochemicals margins; lower realizations for the crude producer will continue. Positive aspects would be the qoq fall in under-recoveries, no upstream subsidy and inventory gains [...]
Poor visibility on soda ash business Tata Chemicals (TCL) management shared cautious outlook on their soda ash business in near future in our recent meeting with company’s key management. Management maintained their view of 10-15% drop in soda ash sales volumes due to recent economic slowdown. However future outlook on global soda ash prices remains [...]
J.K. Lakshmi Cements (Code: 500380) :- One of the leading cement manufacturer of the countr J.K. Cements has rich experience of 25 years in the sector. Company sales its products with the brandname of J.K. Laxmi. It has net work of 1500 dealers across the country including Gujarat, Rajasthan, Delhi, Haryana, U.P., Uttaranchal, Punjab, Jammu-Kashmir,
MIC Electronics (Code: 532850) :- Company is connected with the manufacturing and business like two colour led video display, LCD, lighting products, solution designs and developments. It is the only company in India with manufacturing capacity of such products. Company has established a state of the art automated unit at Hyderabad on 29 th
GSPL (Rs. 40.00) (Code: 532702) :- Gujarat State Petronet Ltd, the subsidiary of Gujarat State Petroleum Corporation, is providing infrastructure of transportation of energy. The Gujarat government owned company GSPL has found huge gas reserve in block 21 of KG Basin, which is termed as a big success. It is estimated that the company will [...]
LARGE CAP Angel Broking & Bajaj Capital NTPC CMP: Rs 194 NTPC registered 21% y-o-y growth in net sales to Rs 11,277 crore in the last quarter in spite of increase in fuel costs by 23.4%. It has cash of Rs 16,540 crore in its books, which is adequate to meet its capex re-quirements. It [...]
About The Company The stock has been on the lime light for long time and been fancied among the investors. About The Financials The financial performance of Thermax for the third quarter ended 31st Dec 2008, on a QoQ has been better than its performance when compared on a
About The Company House of Pearl Fashions (HOPF) is a ready-to-wear apparel company operating in three distinct business streams: manufacturing, marketing and distribution, and sourcing of garments. Basically, the company is good but right now, the investor perception for the entire textile sector, be it ready
About The Company Gontermann Peipers India Ltd (GIP) was promoted in technical and financial collaboration with Gontermann-Peipers GmbH, Germany, a front-ranker in the manufacture of Rolls – casting and forging rolls. In 1981 the company was taken over by the Ispat Group. The promoters and their various companies hold 55.13% of the equity.
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