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Market Outlook »
Nifty is expected to open in a constricted range.
Trade is volatile because we have expiry coming up. Investors are cautious ahead of RBI policy next week. Therefore, it would be safe to avoid long position below the support levels of 19,535 and 5,872.The Critical range for upside is at 5,895 and on crossing this mark, on the upside the Nifty may face resistance at 5,918.
Buy EMCO LTD 69.85 stoploss 62 target 75
Buy LANCOINFRA 43.3 stoploss 40 target 50
Buy TIMEX 39.85 stoploss 35 target 45
Buy Muthoot 186.30 Near term it may touch 195
Buy Falcon Tyres 150.85 Near term it may touch 160
Buy Shalimar 299.95 Near term it may touch 310
Of the three businesses that are part of the consumer and bazaars pie (78% of revenues), the construction chemicals business, with brands such as Dr Fixit and Roff (~20% of revenues), has registered over 25%
Strong execution continues in 3Q11: BGR’s PAT at Rs876mn came 30% and 25% ahead of our and consensus estimates respectively on account of stronger execution, higher other income and lower tax
Corporate Report »
Yes Bank
Higher deposit rates and faster branch addition led to higher deposit growth of 71% YoY to | 45940 crore (up 16% QoQ). The loan book grew 55% YoY to | 34363 crore, thus moderating the CD ratio to 75%......
Analyst Corner »
REC
While the demand environment is likely to remain healthy, we expect loan growth to moderate from historical levels due to the high base. NIMs too are likely to come off from peaks, though higher ECB borrowings and tax-free bonds would provide some support.
Focus
PTC’s volumes to grow 48% YoY: As the growth in short-term power trading volumes was strong in Q4, we expect PTC’s volumes to grow 48% YoY and to 4.7BU. On a QoQ basis though, volumes are expectedto register a decline of 18% due to negligible contribution from cross-border power plants and other hydel capacities
Hindsights
While we remain positive on demand in the medium term as outstanding sanctions are robust, we expect credit growth to moderate due to the higher base. Asset quality is healthy for now, but the concentrated loan profile, absence of buffers on the balance sheet, mounting losses of state electricity boards (SEB)
Hot Delivery based Short term Investment :
Attractive Stock to Buy quoting below 10 P/E
Small & Midcap Attractive Stocks
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