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Market Outlook »
Nifty is consolidating in a range of 5,700-6,000..
The earnings season has started on a weak note following disappointing numbers from Infosys. Inflation at 9% for March 2011 raises risk of further monetary tightening (negative for banks). Crude oil prices have also stayed firm at USD 122 per barrel. Thus considering these negatives, a minor correction is not ruled out.
Buy PREMIER INST cmp 20.25 stoploss 18 target 22
Buy RATNAMANI cmp 130.95 stoploss 125 target 135
Buy JYOTHY LAB cmp 219.95 stoploss 215 target 225
Buy Camlin cmp 76.00 stoploss 72 target 80
Buy L.T. Foods cmp 53.00 stoploss 50 target 60
Buy Finolex Cable cmp 54.00 stoploss 50 target 60
Ajanta Pharma’s sale has grown at CAGR of 15.5% for last five years with bottom-line growing at much faster pace at 28.1% CAGR. The success can be attributed to the strategy of targeting niche segments with strong
Navneet has a strong demand pull from students and a wide distribution reach with 75,000 retail outlets for its various products, 1,50,000 schools for direct marketing covering almost 20 mn students
Corporate Report »
IndusInd Bank
The corporate segment has been the engine that lifted loan growth of IIB close to that of peers in the past three years. The older franchise in retail loans grew slower than peers and stays concentrated in highyield vehicle loans.......
Analyst Corner »
Hindalco
For the next six months though, stock might stay range-bound unless aluminium prices rally or Novelis surprises. We cut FY12-13 EPS 6% factoring in the 30% hike in coal prices by Coal
Focus
BUY rating on Crompton based on (1) diversifiedbusiness profile, (2) resilient consumer-facing business, (3) strong cash flow generation characteristics, and (4) recovery in overseas subsidiaries. We retain our negative stance on ABB and Siemens, primarily based on sector level pricingpressures, company specific issues, volatility in operating performance and very high valuations.
Hindsights
Inflation surprises again March' s headline WPI of 9.0% was above market expectations of 8.4% as core manufacturing inflation again surprised to the upside. Yoy core manufacturing product inflation was 7.0%, the highest since October 2008. Stay cautious on the markets/financials ! The core manufacturing inflation data suggest that inflation pressures are getting more entrenched in the economy. As such, we think the RBI will continue raising policy rates.
Disclaimer : This report is for the personal information of the authorized recipient and does not construe to be any investment, legal or taxation advice to you. And not soliciting any action based upon it. The report is based upon information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon such. We or any of its affiliates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report
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