Recent performance of the company is robust despite increase in costs
Going forward, raw material prices may pressurize margins
ICICI Direct.com Research. Buy with a target of Rs. 2890 in 12 - 15 months. Upside: 11%
Emkay: Hold. Target of Rs. 2510
Citi: Buy/Low Risk. Target of Rs. 2772
Kotak Institutional: Buy. Target of Rs. 3000
Add commentJuly 30th, 2010
SKS Microfinance has come up with an IPO. The Issue opens on July 28, 2010 and closes on August 2, 2010. The Price Band is between Rs850-985.
SKS Microfinance (SKSMF) is a micro-finance company. It is the first such company to enter into the capital markets space. Here are recommendations for the IPO by some leading firms:
Angel Broking: Subscribe
IIFL: Subscribe
Anand Rathi: Subscribe
Fortune Interfinance: Subscribe. Target of Rs. 1205 in 1 year. Potential of 22% upside
Add commentJuly 29th, 2010
On the BSE
The Bombay Stock Exchange Sensex has closed the day gaining a mere 22.79 points testing the 17K level once again. The Sensex closed at 16,994.49 compared to the previous close of 16,971.70. The BSE Midcap and Smallcap indices closed the day gaining 41.56 points and 69.32 points respectively.
All others, sans the Consumer Durables and PSU sectoral indices, closed in the green. Reality stocks are once again the gaining sector on the BSE. The Reality Sectoral Index gained 60.28 points today.
On the NSE
The NSE Nifty closed the day at 5088.70 gaining 0.17% in trade today. The CNX IT gained 0.16%.
Amongst NSE gainers today are Hero Honda, DLF, Suzlon, Ambuja Cement, ABB, Jindal Steel, GAIL, Sun Phara, Bharti Airtel and JP Associates. Amongst the losers are Tata Motors, Axis Bank, Wipro, Unitech, Ranbaxy, Hindalco, SAIL, HCL Technologies, BHEL and Power Grid.
Analyst Stock Recommendations – SREI Infrastructure Finance Ltd (BSE: 523756; NSE: SREINTFIN; ISIN: INE872A01014 )
Firstcall Research in its research report dated March 4, 2010 is giving a BUY call on the script. The script is currently trading at Rs. 74.85 levels and has a Market Cap of 8704.31 mn. It has an EPS of Rs. 7.06, a P/E (x) of 10.60; P/BV(x) of 0.77. The target price given for the script is Rs.90.00
Friday, March 05, 2010 18:24:11 PM
Add commentMarch 5th, 2010
The Indian stock markets are on the lookout for the next big theme to take a directional course. The markets had a pretty flat day today. The NSE Nifty that closed yesterday at 5088.10 slipped marginally to close today at 5080.25. It closed down by 0.15%. The CNX IT is down 1.07%
Top Nifty gainers of the day include SAIL, Suzlon (both up over 4%), Unitech (up 3%), Reliance Communications (up 2%), DLF, Reliance Infra, Sun Pharam, Tata Steel, Hindustan Leaver and Grasim (all up over 1%). On the other hand, top Nifty losers include Axis Bank (down over 2%), Hindalco, Maruti, Infosys Technologies, Cairn, JP Associates, BPCL, Reliance (all down by over 1%), Ambuja Cement and ICICI Bank (both down marginally).
The BSE Sensex opened this morning at 17,013.68, touched an intra-day high of 17,024.96 and intraday low of 16,888.05 to finally close a little below the 17K mark at 16,971.70. It may be recalled the BSE closed yesterday at 17,000.01. The Sensex slipped 28.31 points and is down 0.17%. The BSE Midcap and Smallcap indices are up marginally.
The Reality stocks index on BSE is up 2.5% today. Consumer Durables and Metals are up over 1%. FMCG, Capital Goods, Power, PSU, Health Care and Auto are up marginally. Bankex, Oil & Gas, Teck and IT are down marginally.
Thursday, March 04, 2010 16:21:46 PM IST
Add commentMarch 4th, 2010
BSE Sensex down by 143 points (0.88%); Nify down by 0.88%
The Indian stock markets had yet another flat session with both the indices staying range bound. The Nifty that closed yesterday at 4887.75 closed today at 4844.50 losing 0.88% in the process. CNX Midca Index is down 1.41% while the Nifty Midcap 50 is down 1.90%.
Top gainers on the Nifty today include Maruti, Ranbaxy, ABB, HCL Tech, ONGC, Sun Pharma, HDFC Bank, GAIL, ITC and Axis Bank (all marginally in the green).
Top losers of the day include JP Associates, DLF (both down over 4%), Reliance Communications, Sterlite (both down over 3%), Tata Steel, SAIL, Reliance Infra, IDEA, IDFC and Jindal Steel (all down over 2%).
The BSE Sensex opened the day at 16,256.53, touched an intra-day high of 16,301.94 and intra-day low of 16,074.58 to close at 16,184.70 compared to previous close of 16,327.84. The Sensex is down 143.14 points or 0.88 in the process. The sectoral index gainers of the day on the BSE is the Health Care index that is up a mere 0.10%. All other indices – FMCG, IT, Capital Goods, Oil & Gas, Teck, PSU, Bankex (all marginally down), Auto, Power, Consumer Durables (all down over 1%), Metal (down over 2%) and Realty (down over 3%) closed in the red.
Friday, February 19, 2010 15:49:57 PM
Add commentFebruary 19th, 2010
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