Finance

Currently most of the investors are staying away from market. Negative sentiment is high and most of the retail investors are too scared to enter the market. A lot of them are already sitting on high loses. FII selling is on its high and there have been Analysts who have predicted Sensex to fall under [...]

Negative Sentiments All Around? Perfect Time to Start Buying!

Finance

Year 2011 is likely to be a smooth and steady year. Broad markets may gain 15-20% in this year. We are positive on Infrastructure, Retail/Consumer Durables and Banking sectors. Our Top Investment Picks for the year are:- Larsen and Toubro: Government spending is increasing again in this sector and clearly Infrastructure will be the theme [...]

Our Top Stock Picks For Year 2011

Finance

Target Price Rs:- 114 Current market Price Rs:-106.10 Adjusted loss at Rs449 mn (-132.5% yoy) below estimates (-Rs364 mn). Cement revenues (Rs7.9bn) decline 17.7% yoy – realisation down 15.4% yoy 9.6% qoq EBIDTA at Rs286mn down 90.4% yoy – below estimates (Rs435mn) – led by higher than estimated other expenses. EBIDTA/t atRs63 don 94% yoy [...]

Sell India Cements Ltd.

Finance

Target Price:-Rs 222 CMP :-Rs178.2 Tulip Telecom is ` 2500 crore (March 2010) company. It is the largest enterprise data connectivity service provider in India, also a leading network integrator & managed services provider to its customer across India, U.S and Middle East. It is operating with a customer base of 1800+ and having network [...]

Buy Tulip Telecom Ltd.

Finance

Target Price:- Rs135 Current Market Price :-Rs Q2FY11 EBIDTA grew by 1.7% QoQ to Rs16.6bn (below est of Rs17.6bn), PAT of Rs4.45bn led by lower interest expense ARPU falls 6.2% QoQ to Rs122 purely on MOU decline as RPM remains stable. Wireless traffic growth absent ¾ Cut EBIDTA and EPS estimates by 1.8% /3.5% and [...]

Hold Reliance Communications Ltd.

Finance

Target Price:-Rs 77 Current Price:-Rs54.00 Net profit at Rs5mn (-98.8% yoy) below estimates, led by poor performance of cement division. Revenues at Rs4.25bn (+8%), electricals (+26%) & Paper division (+15%) Though EBITDA declined by 74%, led by 91% decline in cement EBIT, paper division surprised positively, showing signs of turnaround. Electricals margins saw dip of [...]

Buy Orient Paper & Industries Ltd.

Finance

Target Price:-Rs458 Current Market Price:- Rs120.00 IOCL reported results which were above our estimates at EBIDTA and PAT Level, primarily due to inventory gain and issuance of oil bonds/Cash receivables during the quarter EBIDTA at Rs.68.9bn, against Rs.6.1bn a year ago, mainly due to Inventory gain and issuance of oil bonds/cash receivables from the government [...]

Buy OCL India Ltd.

Finance

Q2FY11 headline profit declined by 17% yoy to Rs826mn, below our estimate of Rs1.05bn affected by 5.7% yoy decline in revenues Shift of festivities to Q3 and high base led to ad-revenue decline of 6% yoy Cut EPS estimates by 6.5% and 5.5% to Rs12.1 and Rs15 for FY11E and FY12E respectively Target price cut to [...]

Buy Deccan Chronicle Holdings Ltd.

Finance

Current Market Price :-Rs1,028.00 Target Price:-Rs1,035 APAT at Rs0.9bn (-79.3%yoy) sharply below estimates led by lower realizations. Revenue decline of 16.9% yoy – volumes decline 3.6%yoy, realizations down 13.8% Costs increases drag EBITDA to Rs 1.69bn by 74.6%yoy. RM cost/t up 16%yoy due to outside clinker purchases & increase in fly ash prices. EBITDA/t at [...]

Hold ACC Ltd.

Finance

Target Price:-Rs960 Current Market Price:- Rs838.00 PO tweaked up; maintain Buy despite Idea downgrade We have tweaked up our PO for ABNL to Rs960/sh (+2% vs earlier) as downside due to our rating cut on Idea Cellular is offset by higher valuation of the garments business & lower net debt projections. We see strong valuation [...]

Buy Aditya Birla Nuvo Ltd.