Indian Equity Research and Investment Strategy
Gayatri Projects Limited debuted at Rs 333, compared to the IPO price of Rs 295 per share.
Currently at 3:00 the stock is trading at 306 just 11 rupees above the offer price of 295. Their is a lot of selling pressure on the stock.
GPL recorded a total income of Rs 376.4 crore during FY06, up from Rs 303.6 crore for the year before. The net profit of the company was Rs 18 crore during FY06, which was Rs 9 crores during FY05
Tata Consultancy Services, profits for the second quarter ended Sept-30-2006 was at Rs1,019 crores, up 15.4% QoQ and 42.4% YoY. Half yearly profits is at Rs1,728 crores. TCS has beaten the CLSA expectations of Rs911.6 crores profit for Q2.
Revenues for the second quarter was just short of $1 Billion at $978 Million or Rs4,495 crores.
TCS Half Yearly EPS is at 17.66 non annualised.
I hope the weekend was nice with Diwali Shopping. Here is the technical analysis for Monday’s trading and ET’s stock recommendations in the Investor Guide.
Stop Losses are a Must. Happy Trading.
According to Bull’s Eye Recommendations from ET OCT-16, Emkay Share is bullish on Tech Mahindra Limited and has put a 12 months price target of Rs852 with the company expected to grow at CAGR of 37% in the next 18 months.
ShareKhan has a BUY recommendation on South East Asia Marine Engg with a price target of Rs270. CMP is Rs207.
Merill Lynch has turned bearish on Hindustan Lever Limited and has put a SELL recommendation without any price target. Main concern being the high PE at which HLL is quoting 35XDec-2006 earnings and 30XDec-2007 earnings which is not justified to its projected growth rates.
I have been regularly updating the status of HDFC SIP Investments every quarter.
The markets were at a peak in March and bottomed out in June and are once again at the highest peak in the Indian history of stockmarkets now. I really hope you folks will stick to discplined SIP investments like I do 🙂
Here is an update of various HDFC Mutual Fund schemes at the end of Q3-2006.(Sept-2006)
SIP has always outperfored lumpsum investments. Check out for the performance of the following funds which I have been updating since last 6 months.
Report on the performance of the above four funds at end of Q1 and Q2 are made available.
Q1-2006 report is available here.
Q2-2006 report is available here.
Happy Investing!!! Questions and comments can be sent to ichetan AT GMAIL DOT COM
The benchmark of Indian Stock Market, 30 Shares BSE Sensitive Index closed at 12,736.42 a record high in the Indian history.
Just 5 months ago when the markets had crashed, many people said that India was headed towards a bear market and only, DalalStreet.Biz ruled out and we started BUYING at those attractive levels. Keep invested. You will see many more record levels. Valuations do justify earnings in most stocks(not all) and India is the last big emerging market the world will see. FIIs have pumped in $3 Billion since the June crash. One FII will sell while other will BUY, and according to me their will be more buyers than sellers and hence India may look overvalued at certain time, but stay invested.
Small investors, kindly take the Mutual Fund and SIP route to make money as it is currently tax free. Have a great weekend!