Fw: ValueGuide: Chain reaction spikes volatility

 

 

Sharekhan ValueGuide [December 03, 2011]  Sharekhan www.sharekhan.com

Summary of Contents EQUITY FUNDAMENTALS THE STOCK IDEAS REPORT CARD FROM SHAREKHAN'S DESK Chain reaction spikes volatility The euphoria generated in October over the approval of the Greece bail-out plan was short-lived. In November the euro zone crisis escalated spreading to more euro countries. The resulting strength in the dollar was the rupee's undoing. The local currency depreciated by nearly 8% and the macro environment deteriorated further. As concerns crowded in, the market went into a freefall plummeting by over 1,500 points during the month. Volatility has risen as stray positive news, such as that of opening of the retail sector to foreign direct investment (FDI) and concerted efforts from central banks of major countries to ease liquidity, are vying with the emerging concerns for the market's attention. Wild swings in the market sentiments are confusing investors.   SHAREKHAN TOP PICKS Sharekhan top picks  STOCK IDEA Raymond: Premium brand at a discount STOCK UPDATE Aditya Birla Nuvo: Strong performance; insurance business drives earnings Bharat Heavy Electricals: Price target revised to Rs400 Bharti Airtel: Heightened seasonality hurt operational performance CESC: Swing in other expenses changed bottom line picture Divi's Laboratories: Growth momentum continues Eros International Media: Price target upgraded to Rs298 Gayatri Projects: Price target revised to Rs310 Hindustan Unilever: A quarter of impressive performance IL&FS Transportation Networks: Strong execution drives earnings Ipca Laboratories: Super operating performance IRB Infrastructure Developers: Strong execution led to robust performance Jaiprakash Associates: Price target revised to Rs105  Lupin: Milestone payments boost results Madras Cements: Price target revised to Rs122 Mahindra & Mahindra: Toned down exhilaration Marico: Price target revised to Rs156 Max India: Strong growth continues Orient Paper and Industries: Cement division drives Q2 performance Ratnamani Metals and Tubes: Price target revised to Rs132 Selan Exploration Technology: Higher realisation boosts performance State Bank of India: Asset quality concerns persist, maintain Hold Tata Chemicals: Surprises positively on the back of strong margins SHAREKHAN SPECIAL Q2FY2012 earnings review FDI in retail SECTOR UPDATE Fertilisers: Consumption outlook for complex fertiliser looks positive  VIEWPOINT Coal India: Concerns priced in currently  EQUITY TECHNICALS  Sensex: Downward slope  EQUITY DERIVATIVES  Derivative view: Bulls back with a bang  COMMODITY FUNDAMENTALS  Macro-economy Crude oil: Sell on rallies Precious metals: Gold trading as a risk asset now Base metals: Energised by liquidity move Major economic events in December 2011   COMMODITY TECHNICALS  Gold (London): @ Make or break Silver: Monthly 20 moving average @ $29.8  Light sweet crude oil: Bullish momentum intact Zinc: Channeled Up Lead: Nearing resistance Pepper NCDEX: Bulls start a new journey  CURRENCY FUNDAMENTALS  Currency market: Asian currencies slide in Novembers INR-USD CMP: Rs51.71 INR-EUR CMP: Rs69.66 INR-GBP CMP: Rs81.15 INR-JPY CMP: Rs66.57  CURRENCY TECHNICALS  USD-INR: Upside restricted GBP-INR: Channelised move EUR-INR: Back into the channel  JPY-INR: Correction on the cards  PMS DESK Sharekhan PMS funds: Fund manager's view and product performance ProPrime-Top Equity ProPrime-Diversified Equity ProTech-Diversified ProTech-Nifty Thrifty ProTech-Trailing Stops  ADVISORY DESK  Monthly performance of Advisory products Smart Trades Derivative Trades MID Trades  MUTUAL FUNDS DESK  MF PICKS Sharekhan's top mutual fund picks (equity) Sharekhan's top SIP fund picks EARNINGS GUIDE "Sharekhan Limited, its analyst or dependant(s) of the analyst might be holding or having a postition in the companies mentioned in the article."   Click here to read report: Sharekhan ValueGuide

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