Category: Economy, Markets and Macro Views

With the Sensex strong 35% rally from the 9th March low, 15 of the BSE-100 stocks in our coverage are within 10% of their 52 week high. As expected in a liquidity driven rally, asset plays, deep cyclicals and highly geared companies dominate the list.

We present to you the best and the Worst Performers in the recent bear market rally starting from March-9th.

Stock: Appreciation in %ge
HDIL 119.3
Deccan Chronicle 118.8
Jaiprakash Associates 97
JSW Steel 93.2
Axis Bank 88.9
Unitech 73.2
Suzlon Energy 73.1
Hindustan Times 72.1
Tata Motors 70.3
Bank of Baroda 68
Pantaloon Retail 67.2
ICICI Bank 67.1 (more…)

We have collected data from various sources and put together a list on stocks which FIIs have sold / bought in the quarter ending March-31st-2009. This is cumulative data and we have witnessed the recent bear market rally from March-9th to April-10th. So this could be the approximate holding pattern of FIIs in the companies listed in the spreadsheet. (more…)

Indian Industry beat Street Expectations in 4QFY09 Results. It’s still early days in India’s earnings season, but the first trends suggest earnings are in-line with modest expectations +2.3% vs. 3.3% est. for the Sensex (10/30).

So far, Banks, Capital Goods, Household Consumer Products, Metals and Telecom have beat expectations. (more…)

Simon Carves, Punj Lloyds’s UK subsidiary, has received a decision in adjudication proceedings initiated on 22 December 2008, regarding the termination, by SABIC UK Petrochemicals, of a contract originally awarded in 2006. The adjudication decision has been received and is in favour of SABIC. Simon Carves is disappointed with the initial decision, the company will now proceed to the next stage of dispute resolution.
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We would like to present to our readers Historical Bear market Rallies in India starting from the Harshad Mehta Securities Scam to Global Economic Crisis. The current rally from March 9th is the steepest with 38% rise until the 15th of April. (more…)

The sugar price in India could jump 20% in next six months and remain strong for next three years, in our opinion. Key drivers for such a strong up-cycle are – very low production in current season and forth coming season compared to consumption and lack of scope for further reduction in dealer stock level. Increased cost of production as well as cost of imports. (more…)