Monday, May 9, 2011

Market Updates 10 May11

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Market Outlook »

 

Nifty bullish above the 5650 levels.

For the week, markets will keep a close eye on the IIP data and the outcome of the assembly polls. The Nifty has to cross 5900 convincingly to bolster investor confidence.Technically, the domestic markets still under pressure inspite of the rally on Friday. The coming week is likely to witness a range of 6000 on the upside as long as theNifty

 

Technical Calls »

Buy ICSA 115.15 target 120

Buy KOVAI MEDI 128.15 target 135

Buy PRADIP OVERSEAS 85.55 target 90

More

 

Momentum Calls »

Buy V. Guard 192.00 Near term it may touch 210

Buy Subex 61.00 Near term it may touch 70

Buy Man Industries 99.00 Near term it may touch 110

More

 

Investment »

Piramal Glass Ltd 

Capacity expansion plans- will add topline growth in next two years ??In order to support the robust demand in the C&P segment and leverage the established network with its client base....

 

Investment »

Essel Propack 

FY11 revenues grew 17%, led by strong volume growth; non-oral care in India and China report robust growth EPL reported revenues of Rs 14.2bn in FY11, a growth of 17% mainly driven by 13% volume growth.

 

Corporate Report » 
Info Edge 

Recruitment business on track to post 20% plus growth in FY12E The company’s major business, i.e.recruitment segment, posted 24% growth in FY11 with EBITDA margin of 41%.....

 

Analyst Corner » 
Jain Irrigation 

4QFY11 net profits fell 7%YoY Jain Irrigation’s 4QFY11 net profits fell 7%YoY to Rs1.1bn. Ebitda (Rs2.5bn) rose 25%YoY – inline with expectations on the back of a smart rebound in micro-irrigation topline growth to 36%YoY after two weak quarters.

 

Stock Watch


Lupin 

Lupin can turn out to be a major winner with the recent Japanese crisis by tapping the opportunity. The Japanese subsidiary Kyowa Pharma to see rise sale of CNS drugs and anti-infective grew by 16% to Rs. 1,727 million during Q3, FY 2010-11 which has 200 brands and adds 11%-12% revenue to the company.

 

Hot Delivery Investments 

 

 

Calls Reviews


Jubl Food given at 675 Achieved 804

Gitanjali given at 263 Achieved 268 

Ceat given at 97 Achieved 102 

U-Flex given at 186 Achieved 192 

Veljan given at 460 Achieved 468 

UPL given at 156 Achieved 160 

Shree Gangesh given at 215 Achieved 245 

Strides given at 385 Achieved 400 

Indusind given at 250 Achieved 260 

Recent Articles


India Consumer Tracking institutional ownership 

FII increased ownership of consumer stocks over FY11. Over past four quarters, FIIs have increased ownership across most consumer names under our coverage universe, prominent increase has been in case of ITC, HUL, United Spirits, Colgate India, Dabur and GSK Consumer.


Cipla – Margin disappointment 

 

 

 

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