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 ?
As per an industry journal (Indian Petro), RIL has informed DGH that it will not be able to ramp up gas production from its KG D-6 block beyond 50 mcm/d until FY2014E. The company has highlighted that there are some serious reservoir issues including water ingression in wells, sand interference and pressure depletion.
This development, if confirmed, poses a risk to Reliance’s earnings (more…)
Sintex reported 3QFY11 consolidated EBITDA at Rs1.96 bn versus our estimates at Rs1.77bn. The outperformance has come on the back of higher execution (Rs11.86 bn vs our estimates at Rs10.69 bn) against our estimates. The EBITDA margins in 3QFY11 at 16.6% are exactly in line with our estimates. We see incremental risks and any rally on the back of good news/results should be used to pare down exposure.
The outperformance on the execution front has (more…)
Infosys reported Q3FY11 below expectations. Revenues grew 2.3% QoQ in Re and 6% Q/Q in USD terms (4.7% in CC) driven by 1) 3% Q/Q volume growth (vs. 7%QoQ expectations), 2) offshore pricing improvement of 2.6% QoQ (1.6% blended QoQ) and 3) cross currency benefits. Margins were flat QoQ despite currency headwinds, led by improvement in pricing. The weaker-than-expected revenue and 4Q topline guidance will result in lower exit rate on revenues going into FY12.
Pricing improved 2.6% offshore (1.4% CC), 2) Reported attrition was (more…)
Latest weekly data released by the Ministry indicate that prices of food articles were up 18.3%YoY for the week ended 25 Dec, vs. 14.4% the previous week.
Key products contributing to the price rise over the week were vegetables such as onions, tomatoes, brinjal. Although prices of pulses continued contracting, other protein-rich items such as milk, eggs, meat and (more…)
Rakesh Jhunjhunwala backed A2Z Maintenance & Engineering Services IPO failed to even get a fifth of subscription at the offer price of Rs 400 – Rs 410. We had recommended to AVOID the IPO and even Foreign Institutional Investors have given a thumbs down to the Over Priced A2Z IPO.
What we are picking up from our sources on the Street (more…)
Coal India Limited (CIL), the largest global coal producer (output 431mtpa) looks well positioned to gain from acceleration of domestic coal demand. Despite its 82% market share in India, most of Coal India’s sales are at prices that represent a c60% discount to imported coal. While this seems to suggest that Coal India lacks true pricing power, this is far from the truth, as Coal India’s capital (more…)
