Dalal Street :: India Equity Research, Investment Analysis

Prefer HDFC Top -200 for Big Money over Other Funds

July 17, 20092 min read

I will be writing an Investment Strategy for the next 30 months to make that Big Money. For the same I shall be considering HDFC Top 200 Fund as the engine for us to ride and I am justifying my choice here.

Since my investment horizon is 30 months, and it was a blessing in disguise for me that SENSEX 30 months ago was around 14,000 levels as it is today.

I compared 3 year returns [just in case markets are extremely bad at the end of 30 months, give another 6 months grace] of diversified equity funds with (more…)

Economy, Markets and Macro Views

Investment Strategy – Beat the Sensex for Big Money

July 17, 20093 min read

Over the past few days I spent quite a bit of time understanding the dynamics of the market. All the Research Houses from Goldman Sachs to Kotak failed in seeing the SENSEX at 14,000+.

I should admit that I am investor willing to take calculated risk, want to beat the benchmark and taste Big Money, which otherwise is possible only by leveraging and trading in Derivatives and Options. (more…)

Economy, Markets and Macro Views

Sintex Industries – Disappointing Quarter

July 15, 20091 min read

Sintex Industries reported 1QFY10 results below estimates – PAT of Rs606 mn (up 7.3% yoy) was lower than street expectations of Rs742 mn. Revenues at Rs6.6 bn (down 9.1% yoy) were lower than our estimated Rs7.3 bn mainly due to lower pre-fab sales. EBITDA margin at 13.2% (estimated 17%) was below estimate due to the lower contribution from the pre-fab segment and lower-than-expected textile margin.

The monolithic order book at end-1QFY10 has grown to Rs16 bn from Rs14 bn at end-FY2009, implying new order additions of about Rs3.2 bn during the quarter. Fresh orders of around Rs1.9 bn for rural housing are in the pipeline which may further (more…)

Equity Research

HDFC Bank – Core Banking Operation Slowsdown

July 15, 20091 min read

HDFC Bank’s 1Q10 profits were slightly lower than our estimates, but it was a tough quarter and on the face of it reflects in lower core operating profitability (+14% yoy) and loan growth (+7% yoy). However, HDBK’s underlying operating parameters are as strong as ever with strong NIMs, few quality concerns, healthy deposit mix, reasonable growth and robust profitability.

Core operating profits grew slower and fee growth moderated. However, NIMs remained above 4% (HDBK has been a model of consistency), costs were in check, and the cushion from high trading gains was used to provide aggressively for loan loss charges. (more…)

Equity Research

Axis Bank – Higher NIM, trading income

July 14, 20091 min read

Axis reported 70% growth in net profits in 1Q09 to Rs5.6bn, which came ahead of Reuters consensus. NIM and trading income surprised positively. But higher-than-anticipated loan restructuring in 1Q was a negative surprise – Axis restructured Rs10bn of loans in 1Q09 (vs. Rs6.6bn in 4Q08). The key issue in our view is whether the loan restructuring cycle is likely to end soon. (more…)

Breaking Corporate India Earnings News

Axis Bank reports 70.24% rise in the net profit

July 13, 20091 min read

Axis Bank has reported a 70.24% rise in the net profit to Rs 562.04 crore for the June 2009 quarter as against Rs 330.14 crore during the year-ago period.

The bank’s total income has moved up 33.65% from Rs 2891.24 crore for the June 2008 quarter to Rs 3864.13 crore for the June 2009 quarter.

Axis Bank has strengths in both retail and corporate banking and is committed to adopting the best industry practices internationally in order to achieve excellence. As of June 30, 2009, the bank has a very wide network of more than 853 branches and extension counters. The bank has a network of over 3723 ATMs providing 24 hrs a day banking convenience to its customers.

« Prev 1 … 118 119 120 121 122 … 480 Next »

Dalal Street

Featured Articles

How HDFC Flexi Cap Fund of Prashant Jain Underperforms in Raging Bull Market ?

How to Choose & Invest in Mutual Funds the Right Way ?

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 ?