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Market Outlook »
Nifty could head towards 6000 and can further rise till 6150 levels
In the past two trading sessions, over 20 lakh puts have been written at 5800 and over 40 lakh Puts at 5900 .We observed that put writers were highly active at 5800 and 5900 put strikes hinting at their bullish stance.Going forward, the Nifty is expected to face resistance in the range 5900~5950. However, any close above can trigger short squeeze resulting in the Nifty crossing 6100. .
Buy PARABOLIC cmp 51.2 stoploss 50 target 55
Buy TCI FINANCE cmp 66.05 stoploss 60 target 70
Buy BILPOWER cmp 118.5 stoploss 115 target 125
Buy HOEC 217.00 Near term it may touch 225
Buy Garware 70.00 Near term it may touch 80
Buy Timken 213.00 Near term it may touch 220
HSPP is the undisputed market leader when it comes to portable generators. This has created a dual advantage. First, it provides a solid network for launching other products as well as address the
eClerx has been the best performing
Corporate Report »
Zee Entertainment
Sports business and ad revenue surprised. Zee’s 4QFY11 operating revenue of Rs7.98bn improved 6% QoQ and 23% YoY on a positive surprise in its sports business, and was 13% ahead of expectations.....
Analyst Corner »
Sesa Goa
If Sesa acquires 20% from open offer (at Rs355/share): Sesa Goa will own 30.4% stake in Cairn India i.e., 10.4% stake acquired at Rs331/share from Petronas and 20% stake acquired at Rs355/share from the open offer.
Focus
Traffic growth continues to be strong; slight pressure on tariffs: We expect RPM decline of 2-3% QoQ v/s 1-2% decline for GSM incumbents in the last two quarters and an average decline of 7-8% QoQ in the preceding three quarters. Subscriber additions back to normalized level of 19m-20m: Industry subscriber netadds were 19m-20m in January-February 2011 v/s an average of 21.5m in 3QFY11, mainly due to decline in subscriber additions for BSNL, Uninor, Videocon, and S Tel. MNP update
Hindsights
hile revenue growth will remain buoyant driven by seasonal Q-O-Q vehicle sales growth (MHCV 36%, LCV 12%, PC 15%, 2W 2%), high commodity prices(Crude 17%, steel 10%, lead 9%, rubber 16% Q-O-Q) will impact sector wide margins despite product price increases.We expect the Net Interest Margins (NIMs) to have peaked in Q3FY11 and there will be substantial pressure on the same in Q4FY11E due to hardeninginterest rate environment.
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