Category: Equity Research

Everybody wants a Multibagger but most of them end up with Junk Stocks in search of it. The better approach we recommend our investors is to go with modest stocks which can double in the next 3 years i.e deliver in excess of 25% compound annual returns. In an Analysts survey, the stocks that made it to the top 20 are as follows. (more…)

In a faster than expected surprise, Morgan Stanley pushed the report on Indian Banks saying that Margins are headed for a Collapse and Downgraded the Indian PSU Banking Space to Underweight. Morgan expects the NIM to fall between 40-70 bps.

The pre-provision operating profit (PPOP) will drop to single digits after the 40%+ growth in F11. PSU Bank F12E multiples have (more…)

Engineering Wage Arbitrage / Trading Company – Infosys Technologies was in a Chaos on Friday as two Sr. Members of the board quit with its CEO announcing dismal Q4 performance and a tepid guidance for the next fiscal. Infosys has lagged peers in the recent past – leading to a relative de-rating. 4Q results are weak.

4Q was weak on most counts – volumes declined ~1.4% qoq and the company missed the lower end of revenue guidance in constant currency terms. Management attributed this (more…)

Voltas a Tata group company has been in this business of Air Conditioning from Office to Commercial Retail and Cold Storage now. With Global Warming getting worse and the need of A/C increasing, Voltas is targeting a volume growth in room AC sales in India in FY12. It is also expanding market share from 19%, led by a new product range and a 20% jump in dealers.

For last quarter, owing to over a 25% decline in international MEP (Mechanical, Electrical and Plumbing works including central (more…)

We have received e-mails on which is the best Long Term [for over 20 years] Investment. Since Real Estate is completely a Black Money Market sponsored by the Government & Politicians in India and lacks real data, hence we excluded it from the study and here is what data of past 30 years suggests on investments in Gold Vs Silver Vs PPF Vs Fixed Deposits Vs BSE Sensex [Equities].

Data is compared from March-1981 till March-2010 and is as follows (more…)

India’s leading company – L&T is in the process of re-organizing the company’s operations into 9 independent companies. Each company would have an independent board and management team under the L&T legal entity with the intent of making the decision-making process quicker, resulting in (more…)