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Market Outlook »
Nifty must stay above the 5840 levels sustainably with volumes....
Overall market breadth was quite strong today.It was mostly a Large-Cap led rally but the non-index counters also managed to join the party. The market could gain slightly more if the global rally prevails. But one has to be careful at this stage in picking the right stocks.The RBI (Reserve Bank of India) policy is the next big event to watch out for.The coming session is likely to witness a resistance at the 5875 levels on advances above which the 5900
Buy FINOLEX INDS cmp 104.8 stoploss 100 target 110
Buy SAREGAMA cmp 82.1 stoploss 80 target 90
Buy BRIGADE cmp 99.15 stoploss 90 target 110
Buy FACT 41.00 Near term it may touch 45
Buy BILPOWER 114.85 Near term it may touch 120
Buy Twilight Litica 62.00 Near term it may touch 70
The
With an orderbook of ~Rs15 bn, HDOR is strategically placed to benefit from the robust industrial production and increasing capex in the core industries in
Corporate Report »
Dish TV
TRAI, has set a cap on wholesale tariff rates paid by DTH operators to C&S broadcasters at 42% of ‘analog’ cable versus 50% previously. This is moderately positive for Dish TV as ~20% of its content deals will be reprised downwards.....
Analyst Corner »
IndusInd Bank
The focus on the next phase of growth appears to be on earnings quality over growth. Management was very clear in the analyst meet that the current ROA levels of 1.6% are not in line with long-term objectives.
Focus
Collections in the state of Andhra Pradesh continue to be dismal at 20-30% levels. If this continues for a couple of more quarters, we expect there will be substantial write-offs in the offing and things don’t seem to be improving much. AP alone accounts for 30-35% of the MFI portfolio.....
Hindsights
CIS HRC export price declines to $660/MT: As per the trade press (MB, SBB, Bloomberg), Ukrainian HRC export prices saw a sharp decline this week to $660/MT after falling to $700/MT earlier this week. This implies imported HRC price of Rs33.5k/MT, 6% lower than current domestic prices. We see Indian mills needing to cut prices/give discounts, given the sharp decline.
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