Fw: Sharekhan Top Picks

 

 

Top Picks [March 03, 2012]  Summary of Contents SHAREKHAN TOP PICKS After building on the gains of January this year, the equity market faltered in the later part of February delivering flattish returns since our previous issue of the ValueGuide released on February 3, 3012. Our basket of Top Picks also performed in line with the market and ended with a marginal loss of 0.6% during the same period. The performance was marred by a rather unexpected decline of 15% in Eros International Media despite its robust Q3FY2012 performance. Consequently, we are replacing Eros International Media with Orient Paper and Industries, which is our preferred mid-cap stock in the cement sector. In this month, we are increasing the beta of the Top Picks basket by replacing GlaxoSmithKline Consumer Healthcare with ICICI Bank. The second change in the Top Picks basket is to hedge against the rising crude oil prices by bringing in Selan Exploration Technology (which benefits in terms of higher average realisation) in place of GAIL (where the subsidy burden could increase due to higher under-recoveries resulting from firm crude oil prices).   Sharekhan Limited, its analyst or dependant(s) of the analyst might be holding or having a postition in the companies mentioned in the article. Regards, The Sharekhan Research Team myaccount@sharekhan.com Manage your newsletter subscriptions