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Market Outlook »
Nifty is expected to move in the broad range of 5600-6000
Traders turned cautious due to shrinking profitability and possible interest rate increase next week during the monetary policy review.The Nifty is expected to move in the broad range of 5600-6000 as maximum open interest was seen building in these strike prices. However, scepticism was seen as traders sold 5600 put optionsaggressively. Bank Nifty may slide to 11300 levels in the short term, from 11,684
Buy PFC 230.9 stoploss 215 target 235
Buy MALWA COTTON 51.6 stoploss 49 target 55
Buy SHASUN 81.75 stoploss 80 target 85
Buy RSWM 170.00 Near term it may touch 180
Buy IDFC 149.20 Near term it may touch 175
Buy Sintex 174.00 Near term it may touch 200
VIL is doubling its capacity at its Kolkata location, which is expected to be completed by May 2011. With this expansion the company will be able to deliver800 pieces of refractory products per day i.e. double the
We expect the share of replacement to go up gradually to ~56%, once the capacity ramps up in the automotive segment. Automotive four wheeler battery capacity, currently, stands at 9.6m units, which is likely to be
Corporate Report »
Coromandel International
Best agri play in India Stock corrected sharply post 4Q and is now trading at FY12 P/E of 12.9x, with underlying ROEs of 30% and a net cash balance sheet. Though near term this stock may behave like a fertiliser company....
Analyst Corner »
Sterlite Industries
Hindustan Zinc (HZ), Sterlite Industries’ subsidiary, reported 4QFY11 earnings ahead of estimates: HZL reported 4QFY11 EBITDA at Rs19.69bn (+27% y/y; +31% q/q), well ahead of both estimates (Rs15.6bn) and Bloomberg consensus (Rs16.1bn).
Focus
We expect Career Point to post Rs197mn revenue in Q4FY11 on the back of an increase in studentenrollment. We expect the operating margin to be 39% backed by better realization. We expect net profit to be at Rs72mn on the back of strong top-line growth. Since the company has IPO proceeds in its books which are unutilized, there is good probability of outperformance to our estimates.
Hindsights
We expect our construction universe to clock 20% YoY revenue growth in Q4. Q4 revenue is expected to contribute 34% of FY11 revenue. We believe this is achievable as Q4 is a seasonally strong quarter and the lower-than-expected 9MFY11 performance that resulted in higher execution backlog gives comfort. However, order-intake disappointed:
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