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Market Outlook »
Nifty is likely to take support around 5650-5700 levels..
The Indian markets will be all ears to the first official monsoon forecast from the IMD on Tuesday. They will also keep an eye on the ongoing state elections.The Indian VIX index which rose from 18 to 23 in 2-3 trading sessions gives an indication of persisting volatility. If Nifty shows strength above 5,730 level, then rally to 5,850 levels may be seen. If Nifty does not show strength above 5,700 levels then profit booking till 5,600 may also be seen.
Buy JET AIRWAYS cmp 473.3 stoploss 465 target 485
Buy KEI INDS cmp 28.35 stoploss 25 target 35
Buy KGN INDS cmp 89.2 stoploss 85 target 95
Buy Wanbury 34 Near term it may touch 40
Buy Vikram Thermo 22 Near term it may touch 25
Buy Timex 37 Near term it may touch 40
Aggressive capacity expansion to boost top-line Allcargo has planned to spend Rs 2.5bn in CY11 out of which it has allocated ~ Rs 1bn for doubling its capacity at JNPT CFS to ~288,000 TEUs (Twenty-Foot
Automotive Axles (AAL) reported strong set of numbers for 2QSY2011, backed by healthy performance by the commercial vehicle (CV) segment. We expect positive traction in the CV segment to help the company
Corporate Report »
LIC Housing Finance
LICHF to deliver 29% and 24% housing loan growth in FY2012E and FY2013E as compared to 33% and 37% in FY2011E and FY2010, respectively. In light of higherinterest rates and likely moderation in housing.......
Analyst Corner »
Reliance Industries
Regional diesel cracks have had a strong correlation with
Focus
Key demand vectors continue to be: (a) cost outs resulting in greater offshore embracement by the existing and new client base; (b) market share increase for domestic players in the renewal deal market; and (c) rise in discretionary spending. While the strong revenue growth story is intact, the street is already factoring in 25-30% growth in FY12 over FY11 for tier-I vendors.
Hindsights
Passenger car sales: Strong March for Maruti; not so for others Maruti Suzuki (MSIL) reported strong sales of 121,952 units (up 28% Y-o-Y, 9% M-o-M) primarily on advancement of capacity expansion. Barring MSIL, sales were below par as Hyundai’s sales at 52,007 units were up a mere 1% Y-o-Y and 7% M-o-M..
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