Monday, February 6, 2012
Friday, February 3, 2012
Results For February 4, 2012
Wednesday, February 1, 2012
IFCI leads gainers in 'A' group
Power Finance Corporation, Crompton Greaves, Rural Electrification Corporation and Jindal Steel & Power are among the other gainers
IFCI galloped 8.55% to Rs 31.10. The stock topped the gainers in the BSE's 'A' group. The stock outperformed the market over the past one month till 31 January 2012, rising 31.12% compared with Sensex's 11.25% return. The scrip, however, underperformed the market over the past one quarter, sliding 13.05% as against Sensex's 2.89% fall.
M&M in top gear on robust January sales
Mahindra & Mahindra
gained 1.98% to Rs 685.30 at 15:12 IST on BSE after total automotive
sales rose 22% at 44,717 in January 2012 over January 2011.
The announcement was made during market hours today, 1 February 2012.
Meanwhile, the BSE Sensex was up 83.27 points, or 0.48% to 17,276.82
Result For February 2, 2012
| February 2, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tuesday, January 31, 2012
Tata Global Beverages leads gainers in 'A' group
Tata Global Beverages surged 10.01% to Rs 107.75 after the company said it has entered into a 50:50 joint venture with Starbucks Coffee Company to open Starbucks cafés across India. The company made this announcement after market hours on Monday, 30 January 2012. Tata Global Beverages said that the 50:50 joint venture (JV) with Starbucks named TATA Starbucks will own and operate Starbucks cafés which will be branded as Starbucks Coffee
"A Tata Alliance". The retail stores will be developed in cities across
the country, beginning with stores in Delhi and Mumbai in calendar 2012. The stock topped the gainers in the BSE's 'A' group.
RESULTS For February 1, 2012
| February 1, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Saturday, January 21, 2012
SEBI curbs listing day volatility with call auction session
In a move to check volatile price movements on the first day of
trading in newly listed and re-listed stocks, market regulator SEBI has
said that normal trading can now take place only after a call auction
session, reports CNBC-TV18's Sajeet Manghat.
RIL shocks street, buyback seen as cover for poor results
Reliance Industries
(RIL) has posted a net profit of Rs 4440 crore, down 13.6%
year-on-year on the back of lower refining and petchem margins. Sales,
however grew 40.2% to Rs 87,480 crore.
While the company's gross refining margins declined to $6.8 per barrel from $9 per barrel and its petchem stood at 10.9% versus 11.5% year-on-year.
While the company's gross refining margins declined to $6.8 per barrel from $9 per barrel and its petchem stood at 10.9% versus 11.5% year-on-year.
Wednesday, January 18, 2012
Tuesday, January 3, 2012
MMTC leads gainers in 'A' group
Hindustan Copper, JSW Steel, Gujarat Fluorochemicals and GMR Infrastructure are among the other gainers
FY13 growth may be 7.5% but with conditions: Commerce Secy
commerce secretary, Rahul Khullar to get his comments on where our economy is headed. He expects FY12 growth to be 7-7.3% and FY13 growth to be marginally better towards 7.5%. “This however comes with conditions,” he says. “A 7.5% growth next fiscal depends on dampening inflation, reversal of interest rates and revival of investment and consumption, apart from a good rabi and kharif season,” he says.
Monday, January 2, 2012
Jet Airways delays December salary
Trouble for airline companies continues, as India largest airline by market share, Jet Airways has delayed payment of salary for the month of December.
The worst hit are the pilots, engineers and senior management, who will receive their salaries on the 14th of January. The remaining employees will get their salaries by 7th of January.
The worst hit are the pilots, engineers and senior management, who will receive their salaries on the 14th of January. The remaining employees will get their salaries by 7th of January.
SP Tulsian, sptulsian.com in an interview to CNBC-TV18
Reliance Industries rose 1.02% at Rs 700 at 14:35 IST on BSE on bargain hunting after falling 8.01% in prior four trading sessions.
Tulsian, sptulsian.com in an interview to CNBC-TV18 gave reading and outlook for stocks across various sectors like Coal India , Sesa Goa , Orchid Chemicals , Hexaware and others. From the IT space, one could bet on stocks like Mphasis , Rolta and Polaris , he added. Below is the edited transcript of Tulsian’s interview with CNBC-TV18. Also watch the accompanying videos. Q: What did you take away from what Coal India’s management told us? A: The new price mechanism will help the company because of gross calorific value, basic formula on which it is recognised world over. The company is deliberating to price based on that and it will help. But, the only thing is that FY12 production targets may take a little hit here or there. The wage revision is also going to happen and I don't think that will be such a big dampener. Overall, it seems that positive view can be taken on this stock because the government will be very serious in seeing the production by Coal India increases. Considering the power situation now, you can’t substitute feed stock with gas, which is continuously on a declining trend. All power sector projects have been excluded for that supply largely to divert it to fertilizer or other priority areas. So, coal will be the focus of the government to ramp up production which will directly help Coal India. Any pricing based on gross calorific value will definitely be in favour of the company. Q: Some serious damage is going on in some of the metal names. Sesa Goa has collapsed to Rs 156. Hindalco is down to Rs 112. The year hasn’t begun well for this set which has already fallen such a lot in 2011? A: Sesa Goa is a victim of export duty increase which has been made from retrospective from December 30 to 30%. That can directly be attributed as a reason for the fall in Sesa Goa. I am unable to understand for Hindalco. I don’t think that it can just be a short-term, because we have not seen the matching fall in the price of Hindustan Zinc or Sterlite Industries. Sterlite Industries is seen to be bottoming out. In fact non-ferrous metal stocks like JSW Steel have been holding on. But I have been maintaining my view for last 15-20 days, I am seeing not much fall in the share price of non-ferrous metal from hereon. Sesa Goa is a victim of the increase in the export duty. Obviously, the global prices of the iron ore are falling, so that will definitely be putting a pressure on the realizations of the margin of Sesa Goa. From hereon even China maybe consuming less of the iron ore, which means lower off take with the lower realisation. So any increase in export duty it has to be matched with the reduction in the realizations by the company. Sesa Goa can settle at about Rs 150. I have been taking a fundamental call last week that it looks to have bottomed out. Considering its market cap of Rs 14,000 crore backed by 20% investments in Cairn India valued at Rs 12,000 crore, the core business is cheaply available even by including Rs 4,000 crore debt. Sesa Goa is one of a case, but overall I don’t think that I have my negative view on the non-ferrous metal stocks. Hindalco is just one of a case probably that maybe to do with the trading shorts or whatever we are seeing in the stock happening today. Q: Orchid Chemicals has spiked up on some new drug development news. Have you tracked that? A: I have only heard this news and this is going to be quite positive. I think it is from Europe region. Apart from that even forex losses should be helping the company, maybe new guidelines on booking of forex losses. It could be a combination of both these factors because stock has been seeing short sold positions existing in the system. Both these news put together may have had this positive effect on the stock price. Q: The management of Hexaware indicated that they have seen lot of strength and from hereon as well things look quite strong. Ahead of the IT earnings season, is there anything in the midcap IT bunch that you would want to play for either with a shorter term or a medium term time horizon? A: I don’t know whether I will be taking a positive call on Hexaware. When the company came out with September quarter results, a lot of trading interest or buying interest was seen and it went up to Rs 85-89. Since then it has been moving in a range. As far as two or three stocks where one can take a punt are concerned, one is Mphasis it looks good at Rs 300. Second could be Rolta, it has taken a beating because of FCCB liability or debt concerns, that made it to correct a lot. Third could be Polaris because it has started showing some interest for last 15 days. I will keep on radar on these three rather than Hexaware because Hexaware has not been showing any trading movement for the last couple of months or so.
Tulsian, sptulsian.com in an interview to CNBC-TV18 gave reading and outlook for stocks across various sectors like Coal India , Sesa Goa , Orchid Chemicals , Hexaware and others. From the IT space, one could bet on stocks like Mphasis , Rolta and Polaris , he added. Below is the edited transcript of Tulsian’s interview with CNBC-TV18. Also watch the accompanying videos. Q: What did you take away from what Coal India’s management told us? A: The new price mechanism will help the company because of gross calorific value, basic formula on which it is recognised world over. The company is deliberating to price based on that and it will help. But, the only thing is that FY12 production targets may take a little hit here or there. The wage revision is also going to happen and I don't think that will be such a big dampener. Overall, it seems that positive view can be taken on this stock because the government will be very serious in seeing the production by Coal India increases. Considering the power situation now, you can’t substitute feed stock with gas, which is continuously on a declining trend. All power sector projects have been excluded for that supply largely to divert it to fertilizer or other priority areas. So, coal will be the focus of the government to ramp up production which will directly help Coal India. Any pricing based on gross calorific value will definitely be in favour of the company. Q: Some serious damage is going on in some of the metal names. Sesa Goa has collapsed to Rs 156. Hindalco is down to Rs 112. The year hasn’t begun well for this set which has already fallen such a lot in 2011? A: Sesa Goa is a victim of export duty increase which has been made from retrospective from December 30 to 30%. That can directly be attributed as a reason for the fall in Sesa Goa. I am unable to understand for Hindalco. I don’t think that it can just be a short-term, because we have not seen the matching fall in the price of Hindustan Zinc or Sterlite Industries. Sterlite Industries is seen to be bottoming out. In fact non-ferrous metal stocks like JSW Steel have been holding on. But I have been maintaining my view for last 15-20 days, I am seeing not much fall in the share price of non-ferrous metal from hereon. Sesa Goa is a victim of the increase in the export duty. Obviously, the global prices of the iron ore are falling, so that will definitely be putting a pressure on the realizations of the margin of Sesa Goa. From hereon even China maybe consuming less of the iron ore, which means lower off take with the lower realisation. So any increase in export duty it has to be matched with the reduction in the realizations by the company. Sesa Goa can settle at about Rs 150. I have been taking a fundamental call last week that it looks to have bottomed out. Considering its market cap of Rs 14,000 crore backed by 20% investments in Cairn India valued at Rs 12,000 crore, the core business is cheaply available even by including Rs 4,000 crore debt. Sesa Goa is one of a case, but overall I don’t think that I have my negative view on the non-ferrous metal stocks. Hindalco is just one of a case probably that maybe to do with the trading shorts or whatever we are seeing in the stock happening today. Q: Orchid Chemicals has spiked up on some new drug development news. Have you tracked that? A: I have only heard this news and this is going to be quite positive. I think it is from Europe region. Apart from that even forex losses should be helping the company, maybe new guidelines on booking of forex losses. It could be a combination of both these factors because stock has been seeing short sold positions existing in the system. Both these news put together may have had this positive effect on the stock price. Q: The management of Hexaware indicated that they have seen lot of strength and from hereon as well things look quite strong. Ahead of the IT earnings season, is there anything in the midcap IT bunch that you would want to play for either with a shorter term or a medium term time horizon? A: I don’t know whether I will be taking a positive call on Hexaware. When the company came out with September quarter results, a lot of trading interest or buying interest was seen and it went up to Rs 85-89. Since then it has been moving in a range. As far as two or three stocks where one can take a punt are concerned, one is Mphasis it looks good at Rs 300. Second could be Rolta, it has taken a beating because of FCCB liability or debt concerns, that made it to correct a lot. Third could be Polaris because it has started showing some interest for last 15 days. I will keep on radar on these three rather than Hexaware because Hexaware has not been showing any trading movement for the last couple of months or so.
SP Tulsian reviews Coal India, Sesa Goa, Orchid Chem
SP Tulsian, sptulsian.com in an interview to CNBC-TV18 gave reading and outlook for stocks across various sectors like Coal India , Sesa Goa , Orchid Chemicals , Hexaware and others.
From the IT space, one could bet on stocks like Mphasis , Rolta and Polaris , he added.
Below is the edited transcript of Tulsian’s interview with CNBC-TV18. Also watch the accompanying videos.
From the IT space, one could bet on stocks like Mphasis , Rolta and Polaris , he added.
Below is the edited transcript of Tulsian’s interview with CNBC-TV18. Also watch the accompanying videos.
Market can still tank 10-15% more, says IIFL's Nirmal Jain
Market can still tank 10-15% more, says IIFL's Nirmal Jain
After partying all weekend, investors would not have complained about the slow-paced opening to trading on Monday. Lack of global cues and thin FII participation kept indices on a tight leash. The Nifty ended trade 12 points up, while Sensex gains 79 points to close at 15,517
Major loser stocks of 2011: Do you own any of them?
Major loser stocks of 2011: Do you own any of them?
down 86%
Factors responsible:
Government’s policy to tighten micro-finance industry.
Vikram Akula’s exit.
Catamaran VC arm of NR Narayana Murthy exploring exit options from the company.
down 86%
Factors responsible:
Government’s policy to tighten micro-finance industry.
Vikram Akula’s exit.
Catamaran VC arm of NR Narayana Murthy exploring exit options from the company.
