The IPO Coverage from the Best Analysts on the Street is now Moved to the Following Location – IPO India Research and Analysis.
Here is a link to Archives of Past IPO Research.
Author: CP
CRR Hike and Impact on Indian Banks + Markets
The Reserve Bank of India (RBI) often likes to spring a small surprise, and today’s meeting was no exception. Contrary to market expectations, the RBI raised the CRR by 75bps v/s expectations of 50bps. RBI has raised its growth estimate for FY10 from
6% with an upward bias, to 7.5%.
The RBI raised its inflation projection, it has stated that inflation expectations are on the rise and warned of further upside risks emanating from: oil, below average monsoons in 2010, and capital flows. RBI also pointed out that large fiscal deficit is a far bigger risk to both short-term and medium-term. (more…)
CRR Hike and Impact on Indian Banks
The Reserve Bank of India (RBI) often likes to spring a small surprise, and today’s meeting was no exception. Contrary to market expectations, the RBI raised the CRR by 75bps v/s expectations of 50bps. RBI has raised its growth estimate for FY10 from 6% with an upward bias, to 7.5%.
The RBI raised its inflation projection, it has stated that inflation expectations are on the rise and warned of further upside risks emanating from: oil, below average monsoons in 2010, and capital flows. (more…)
Credit Suisse Downgrades India to Underweight
In a somewhat very surprising move, Credit Suisse Research has sent tremors with FIIs and other P-Note account holders by downgrading India Directly to Underweight from Overweight.
Credit Suisse in a research note said that on P/BV versus ROE valuation model, (more…)
RBI Hikes CRR by 0.75% – Repo Rates Unchanged
RBI has hiked the CRR – Cash Reserve Ratio by a whopping 75 bps instead of the expected 50 bps. CRR will change from 5% to 5.75% and will be effective in two stages 50 bps effective Feb-13 and the second 25bps on Feb-27. The hike will suck Rs 36,000 cr of liquidity from the market.
RBI for now has left the Repo and Reverse Repo Rates unchanged.
As outcome of CRR hike, the RBI said,
Reduction in excess liquidity will help anchor inflationary expectations. The recovery process will be supported without compromising price stability. The calibrated exit will align policy instruments with the current and evolving state of the economy.
The next date for review of monetary policy will be announced on April-20th.
Vascon Engineers + Aqua Logistics and Other Reviews
Due to some personal work and migration of the blog to new publishing platform, we have posted the reviews of IPOs on the Forum.
You can read the review of Syncom Healthcare, Vascon Engineers, and Aqua Logistics . WE hope to be back to publishing individual reviews soon. Brokerage / Analyst reviews will continue on the Forum.