Indian Equity Research and Investment Strategy
How to Get More Returns in Mutual Fund SIP with Swing Strategy ?
Max Life Insurance – Revised Deal, Positive for Max Financial
Will the Digital Neo Banking Platforms Succeed in India ?
Should you own the Life Insurance Business ?
Does HDFC AMC deserve High Valuation ? Review
Valuation of Indian Markets & Relentless FII Selling
Why Indian StockMarket Quoting at High P-E ?
Why Value Investing Does not Work in India ?
Axis Bank reported Q2FY10 (September) net profit of INR5.3bn, up 32% y-o-y but 10% lower than street INR5.8bn estimate. Core revenue drivers continued to moderate on the back of sluggish corporate activity: Net interest income rose 26% y-o-y and fee income increased 15% y-o-y (versus 29% and 17% y-o-y, respectively. (more…)
India’s industrial sector is back and back with a vengeance. The 10.4% year-on-year rise in August was the first double-digit increase in output since October 2007 and compares with a bottom of – 0.2% in December. On a seasonally adjusted basis, our calculations suggest that output rose 2.3% on the month and 5.9% in 3 month-on-3 month terms (25.9% annualised). The latter is India’s strongest increase since at least mid-1994 and can only be termed a powerful V-shaped recovery.
The breakdown of the August release by industry showed mining (12.9%), manufacturing (10.2%) and electricity (10.6%) all registering double-digit growth.Meanwhile, basic and intermediate goods were up 10% and 14.3% respectively, with capital goods production rising 8.3%. The last of these remains below the long-term average of 9.8%. Non-durable consumer goods were the only area to show a slowdown (to 3.7% from 5.8%).
NHPC the Green Energy producing company is on the eyes of stock analysts now. Analysts at BNP Paribas have started covering the company’s Carbon Credit Story which we had told during the time of its IPO.
Unlike Dirty Energy companies like – Reliance Power, Adani / IndiaBulls Power, NHPC projects are allowed to sell Carbon Emission Rights (more…)
SpiceJet highlighted how improving economic indicators has led to reversal in trends of domestic passenger traffic, and hoped momentum will sustain.
SpiceJet believes that recovery will favour low cost carriers (LCCs), which has already seen increase in share to ~30% share (up from 20% a year ago). Also, carriers such as SpiceJet have already returned to profitability due to relatively lower cost/ASKs, thanks to more seats/aircraft and lower distribution expenses. (more…)
Before we review the prospects of IndiaBulls Power, we would like to know what is the basis on which SEBI clears these IPOs. Power projects are Long Gestation Projects and not Dot Com Businesses which can start making money immediately [They never made either ;-).
IndiaBulls Power Ltd – IPL IPO Review and Recommendation:
IPL will have a combined installed capacity of 6,615MW in Maharashtra and Chhattisgarh post the completion of these projects with lot more projects in the evaluation stage, all of (more…)
Time for some self praise today. We have been recommending HDFC Funds for investors since long time on here. HDFC Top 200, Equity , Prudence and Tax Saver NAVs are near their Jan-2008, peak when the Index was 21,000. This means Sr. Fund Manager and CIO – Prashant Jain has managed to beat the index by 23%. [NAVS are at new peak when SENSEX ~17,000, instead of hitting the target @ 21,000]
Reliance Growth Fund which we have recommended has been market performer as its all time High NAV is still 20% away from current levels. However, note that this fund takes some serious exposure to midcaps and will perform better in bull market than in a fall & subsequent rise. So stay invested. (more…)
