November, 2007 | Dalal Street

Bloodbath on BSE – Predictions Come True

November 21, 20071 min read

On the weekend of Diwali, our Analyst took time out to inform you all about the impending correction as soon as he was alerted by the FII report on India. We saw Bloodbath on the bourses today. BSE Bankex was hammered down and all the SENSEX stocks were down except TCS.

All the sectoral indices on BSE suffered losses. BSE Bankex (down 4.89% to 10,237.68), BSE Capital Goods Index (down 4.34% at 19,466.24), BSE Metal Index (down 3.78% at 16,656.36), BSE Realty (down 2.92% to 10,142.65), BSE PSU index (down 4.43% to 9,777.98), underperformed the Sensex.

BSE Oil and Gas Index (down 2.67% at 11,812.98), BSE Consumer Durables index (down 2.83% to 5,180.07), BSE Auto Index (down 2.43% at 5,209.58), BSE FMCG Index (down 2.76% at 2,137.03), BSE Health Care Index (down 2.26% at 3,856.92), BSE IT Index (down 0.61% at 4,029.76) and BSE TecK index (down 1.23% to 3,571.37), were outperformers.

Equity Research

Sharekhan bullish on HDFC

November 21, 20072 min read

Before Sharekhan’s coverage we would like to let you know that HDFC is a blind BUY at any rate. Hold it for 12-24 months, you will see the returns 🙂

HDFC has created significant value in its subsidiaries. Three of these-HDFC Bank, HDFC Life Insurance and HDFC Mutual Fund-are valued at Rs883 per share. They are also growing at a faster rate than HDFC. Separate listing of Insurance subsidiaries is on the cards too.

HDFC has gained significant market share in the (more…)

Equity Research

Buy Strides Arcolab – Kotak

November 21, 20071 min read

Kotak has initiated coverage on Strides Arcolab Ltd with a BUY rating after the some big ticket foreign deals.

Aspen will become a strategic, equal and regional partner in Strides’ Latin American operation. The transaction values the Latin American operations of Strides at over US$260 mn. Aspen will be a global partner for the development and global marketing of oncolytics.

Strides will acquire 51% interest of Co Pharma Ltd, (more…)

Breaking Corporate India Earnings News

i-flex Solutions + IZB Informatik-Zentrum partnership

November 21, 20071 min read

i-flex Solutions has informed us that the company and IZB Informatik-Zentrum, a Munich-based IT and telecommunication service provider for the financial sector has announced a strategic partnership to deliver a full range of banking application services to German banks. To this end, IZB Informatik-Zentrum will be using FLEXCUBE, i-flex’s flagship product, to deliver value-added application providing services (ASP) tailored to the specific needs of German banks.

i-flex is majority owned and managed by Oracle.

Economy, Markets and Macro Views

ICSA India – Initiating Coverage – 5Paisa

November 21, 20071 min read

5Paisa/Indiainfoline has initiated coverage on ICSA India Ltd with a BUY Rating. ICSA, offers products and solutions for power, oil and gas and the water segment, has developed products and solutions to arrest losses during transmission. Apart from conventional products, it developed Intelligent Cathodic Protection solutions (iCAP), Intelligent Automatic Meter Reading (IAMR), Intelligent Automatic Water Reading solution (IAWR) and street light monitoring control systems.

With the introduction of newer and better products, expect the company’s operating margin to expand. This will be supported by patents for three of its products, which could lead to improved realizations. We expect operating margins to sustain at 26%, an improvement of 140 bps by FY09E over FY07.

ICSA’s revenues and profits have registered high growth of (more…)

India IPO Reviews and Updates

Mundra Port Basis of Allotment

November 21, 20071 min read

We have obtained the Basis of Allotment for Retail Individual Investors in the IPO of Mundra Port and SEZ Ltd. The tentative date of listing of the stock is Nov27th. Grey Market premium (more…)

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