Indian Equity Research and Investment Strategy
Crunching the data releases by NSE and then looking into the books of the company, here are the top 10 companies where Foreign Institutions have sold in the last 3 months. We are providing the Data – Rank [1 – Highest sales by FIIs], Name of company, Percentage – Feee float of the company which the FIIs have SOLD.
1 Firstsource Solu: -22%
2 Ganesh Housing: -14% (more…)
Your eyes must be Red and BP shooting high the moment you read, FIIs are fleeing India. Chill, to save their siblings in the US [American Subsidiaries], they booked huge profits and thus their holding in BSE-500 has dropped from 20% to 17.8% at the end of March-08. Promoter share of the BSE500 picked up ~2.9%, rising to 58.2% in the quarter – the highest level in 32 quarters, suggesting continued promoter confidence even in a weakening market. (more…)
The substantially higher subsidy bill is a part of the strategy of the government to safeguard farmers from sharp price spiral for both raw materials and finished fertilisers in the global market.
Fertiliser shares had risen in a weak market yesterday, 27 May 2008, when the news of higher subsidy hit the market during trading hours. On that day, Nagarjuna Fertilisers and Chemicals rose 2.36% to Rs 45.55, Rashtriya Chemicals and Fertilisers gained 1.04% to Rs 67.90, and Chambal Fertilisers and Chemicals jumped 6.85% to Rs 76.40
Meanwhile, the government’s new fertiliser investment policy is likely to be finalised in the next two to three weeks. The new policy will aim at linking production cost of new fertiliser units to the international prices, in order to encourage fresh investments in the sector.
Its time to say Goodbye to Automobile Stocks. Tata Motors and Mahindra & Mahindra have been downgraded to a SELL by Merill Lynch.
Tata Motors will be impacted by strong headwinds of restricted financing in commercial vehicles and the low priced Nano car. The major reasons for the downgrade are – moderation in commercial vehicle sales on tight financing availability, margins decline on adverse sales mix and lower volumes, forex losses on weaker rupee and fallout impact on inter-related subsidiaries. (more…)
We have just been alerted by the management of Sita Shree Food Products that the company has received 400 metric ton orders from one of its valued customer Reliance Retail’s subsidiary Reliance Fresh, prevailing month to deliver Wheat flour and pulses which is increased about 250% from the last order of 160 MT.
Sita Shree is equipped with own manufacturing and marketing unit to increase and grow their sales with their well experienced personnel. The directors of the company has wide & depth knowledge of grains and pulses market to expand and grow the profitability of the company.
Have you seen anywhere in the world where Inflation numbers stand revised because of data collection issues ? Welcome to India, anything is just possible here. The Indian Inflation could be as high as 15%, yes you are reading that right. Combined Oil and Gas subsidies contribute to as much as 6.9% to the Inflation.
Adding to its woes is lack of proper financial planning by the government which has landed itself in Fiscal Deficit (more…)