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 ?
Archidply Industries Limited (Archidply) is a modern manufacturer of wood panel and decorative surfacing products with its plants at Rudrapur, Uttarakhand, Mysore, and Karnataka. Archidply is the flagship company of the Archidply group, and has been
associated with plywood manufacturing for more than 30 years under the brand Archidply. (more…)
Here is how various fund managers at Reliance Mutual Fund churned their portfolio in May 2008. Ordered by Value.
Top 10 Stocks Bought by Reliance Mutual Fund:
Tata Consultancy Services Ltd
HCL Technologies Ltd
India Infoline Ltd
Biocon Ltd
Steel Authority of India Ltd
Lupin Ltd
CCL Products (India) Ltd
Zee Entertainment Enterprises Ltd
ACC Ltd
Shiv-Vani Oil & Gas Exploration Services Ltd
Top 10 Stocks Sold by Reliance Mutual Fund:
State Bank of India
Reliance Industries Ltd
Reliance Infrastructure Ltd
Oil & Natural Gas Corpn Ltd
Jaiprakash Associates Ltd
Tata Power Company Ltd
Larsen & Toubro Ltd
ICICI Bank Ltd
MphasiS Ltd
Punj Lloyd Ltd
Top-10 Holdings by Reliance Mutual Fund across various schemes:
Reliance Industries Ltd
Reliance Infrastructure Ltd
Divis Laboratories Ltd
Tata Steel Ltd
State Bank of India
Reliance Communication Ltd
ICICI Bank Ltd
Jaiprakash Associates Ltd
Maruti Suzuki India Ltd
Oil & Natural Gas Corpn Ltd
They are holding between 10-25% CASH in various equity schemes.
Inox Leisure reported a subdued topline growth for 4QFY2008 of 18.4% yoy to Rs39.3cr (Rs33.2cr) as lower Occupancy (4Q is a seasonally weak quarter) led to a muted 13.4% yoy growth in Footfall. The numbers are strictly comparable because of the inclusion of Calcutta Cine Pvt Ltd in this quarter. For FY2008, Inox registered 30.6% yoy growth in Revenues to Rs185cr (Rs141cr) driven by addition of property leading to a 35% jump in footfalls.
Operating Margins: Inox delivered a dismal performance for the quarter registering a 790bp decline in Operating Margin to 10% (17.9%) largely owing to a sharp 782bp increase in Other expenditure and 287bp rise in Staff costs owing to a lower revenue base.
At the end of March-08, Inox had 76 screens and 23,199 seats under operation. Inox will add – Faridabad (four screens with 1,108 seats) and Nagpur (four screens with 1,214 seats) taking its total tally to 84 screens.
Compared to Inox, PVR delivered much better results.
The Indian Industrial Production – IIP for APRIL-08 was 7% Vs 3.9% in MARCH-08. Led by mining up 8.6%, manufacturing up 7.5% while electricity came in at a poor 1.4%. The slowdown in industry coupled with a deceleration in service growth (mainly financing and insurance) is likely to result in overall GDP growth coming in at 7.7% in FY09 v/s 9% in FY08. (more…)
Earlier we have presented statistics on the market share of all the Life Insurance companies in India including LIC [Public Sector]. Today lets analyze the difference in market share of Private Sector Life Insurance Companies over a Year’s time.
Top 5 Life Insurance Companies in India at the end of April-2008 are:
ICICI Prudential Life – 22.1%
Bajaj Allianz – 13.8%
SBI Life – 9.8%
Reliance Life – 8%
Max New York – 8%
Top 5 Gaines in Life Insurance Business in a Year:
Reliance Life +3.9% gain in total private life insurance market share
Birla Sunlife +3.3% gain in total private life insurance market share
Met Life +2.8% gain in total private life insurance market share
Aviva +2% gain in total private life insurance market share
SBI Life +1.7% gain in total private life insurance market share
Top Losers in Life Insurance Business in a Year:
ICICI Prudential Life – 8.3% loss in total private life insurance market share
Bajaj Allianz – 2.4% loss in total private life insurance market share
HDFC Standard Life – 1.2% loss in total private life insurance market share
From the above data, the reason is now obvious on why K.V.Kamath, wanted to list ICICI Prudential Life as a separate entity on the bourses.
With the Indian Inflation out of control, India’s central bank – RBI stepped in late last evening and hiked the repo rate – the rate at which it lends/injects money by 25bps to 8%. The reverse repo rate – the rate at which RBI absorbs liquidity and the CRR were left unchanged at 6% and 8.25%.
Since the uptrend in inflation from 3% levels in Oct 07 to 8%, the RBI has used the CRR as a liquidity absorbtion tool and raised the CRR 75bps in the same period from 7.75% in Sept07 to 8.25% in May08. Despite a deceleration in the macro momentum, in a pre-election year, inflation will continue to get priority over growth.
Home Loan and Auto Loan are likely to see equivalent rise in lending rates [~ 0.25%]
