Sensex
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Buy id >78.15.
SL 77.75
Market stuck in rut till EU opening
Abe
ANDHRA BANK POSTS NET PROFIT OVER Rs.1,000 Crore Andhra Bank has registered a Net Profit in excess of Rs.1,000 Crore and an Operating Profit of Rs.1,810 crore during the year ended March 31,2010. Describing it as a significant milestone, Sri R S Reddy, Chairman & Managing Director said the Bank achieved a net profit of Rs.1,046 Crore, a 60% increase over Rs.653 Crore registered during 2008-09. This was possible because of the bank's decision to effect a change in the business mix and focus more on retail, Ø Net Profit has crossed Rs.1,000 Crore mark for the first time Ø CAR stood at 13.93% of which Tier I Capital amounts to 8.18% and other Tier II Capital to 5.75% Ø The bank has recommended a dividend of 50 per cent Ø Andhra Bank will set up a banking company in Ø The bank expects 25-27 % growth in credit this fiscal
Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. | ||||||||||||||||||||||||
Sugar in the chaos, is trying to be a real contrarian… I feel the bottom has been created in same….. Daily signal still awaited, but in other lower TF’s, It is a GO…. With near low as SL, rather pick near the near low and apply 2-3% SL
Abe
The breaching of 4984, confirms that the best the market will see in near term is 5300+ and no more. One could be contrarians and check out deeply fallen stars. As on oil I see a possible bottom creation…… which will be confirmed 2morrow
Abe
| Sector Model Portfolio: As discussed in our note entitled, India Strategy: The Next Theme: Shift from Consumption to Investment, dated March 23, 2010, we believe the time has come to underweight Consumer Discretionary (with the second rate hike behind us) and to add further weight to our Industrials sector position. We are reducing our Consumer Discretionary weighting by 100bp and adding the same to Industrials. Accordingly, we are removing Maruti (downgraded to Equal-weight by our analyst Binay Singh, on April 26) and Zee Entertainment from our Focus List. We are overweight Energy, Financials, and Industrials, and underweight Consumer Discretionary, Healthcare, Materials, Technology, and Utilities. • Adding Bharti and Adani Power to Focus List: Following the upgrade of Bharti Airtel to Overweight today by our analyst Vinay Jaising, we are adding it to our Focus List. He argues that the pain pertaining to 3G overbidding, tariffs wars as well as Zain is behind us. The stock has underperformed the market by around 50% over the past 12 months and by about 15% over the past three months, taking valuations to close to historical lows. We are also adding Adani Power to our Focus List. Adani Power could become the second-largest private generating company in India by F2013 with 6600 MW under construction. We expect a 30%+ equity IRR across its portfolio given early commissioning of plants and healthy proportion of merchant capacity. The stock trades at a discount to its domestic and global peers on F2012E. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
Buy abv 4930, to hold CF abv 4956, with 4905 as SL. Try pick as close as poss to SL and on any neg signal, JUST EXIT….
RT may only CF today only if the low today is lower than Yesterday………. Even in with good upside.
RT’s may look to buy LONG at bottom creations…..
Abe
A $ 1 bn in selling by FIIs brings index down by 1000 points in a week. A couple of billion dollars in selling will bring BSE Sensex to below the pre-election May 17, 2009 levels. So it should be simple to identify shorts-sectors owned by FIIs. Right? Key Debate: Does institutional ownership drive stock/sector performance? • Conclusion: We have worked with over 2,000 data points on ownership and forward stock returns. The conclusion is quite clear: On its own, ownership has very little to do with prospective stock returns. Indeed, the relationship both for short-term and long-term returns is random (see charts on page 3). The results do not change whether we define ownership relative to an index or as an absolute number (which is FII stake in a company). • Summary of Shareholding Changes for the QE March 2010: Domestic institutions (including insurance companies and mutual funds) have been net buyers (up 50bp QoQ) for 12 consecutive quarters, and their ownership ended the quarter at a seven-year high. During the quarter, FII remained buyers of Indian stocks for the fifth consecutive quarter (up 40bp QoQ) for our sample of 75 large cap companies. The FII ownership for the sample is now at 19.5%, an eight-quarter high. Shareholding of controlling stakeholders, on the other hand, declined to its lowest level since Jun-06 (down 1.2% QoQ). Households remained marginal buyers. FII stake in the broad market (1,200 NSE listed stocks) went up marginally and touched a six-quarter high (at 17.1%) while controlling stake holders sold for the third successive quarter and brought down their average stake to a 16-quarter low at the end of the quarter. • Key Sector Positions of Institutional Investors:: Institutions, on an aggregate, sold Materials, Consumer Discretionary, Industrials, Telecom, Technology and Healthcare, and bought Financials, Utilities, Energy and Consumer Staples (all in that order). Institutions at the end of the quarter appear most overweight (versus the MSCI India sector weights) on Financials, Telecoms, Staples and Industrials, whereas are most underweight on Technology, Energy and Materials. The largest change in sector position for domestic institutions (including insurance companies and mutual funds) was Utilities, with a 131bp increase in its overweight position, followed by Materials, for which underweight position increased by 92bp. The three largest overweight positions are Industrials, Consumer Staples and Utilities, whereas the biggest underweight sectors are Technology, Financials and Energy. FIIs appear to be overweight in three out of the 10 MSCI sectors with Financials in the lead position in their portfolios followed by Telecoms and Consumer Discretionary, and biggest underweight positions are in Energy, Materials and Industrials. FIIs sold Industrials and Materials while purchasing Financials and Energy during the quarter ended March 2010. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
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Indian Stocks BSE |
| Posted: 19 May 2010 08:10 AM PDT Free Intraday Cash Tips from Tipz.in for 20th May 10 590111  ( MASTER MULTI)
( CALIFORN.SOF)
( KEWAL KIRAN )
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| Posted: 19 May 2010 08:09 AM PDT |
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