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Page 27 of 101« First...1020...262728...304050...Last »
The Indian markets may start today's trading session on a flat to positive note as volatility still lingers. SGX Nifty is up by 17.50 points.

Headlines for the day:

HC sets aside contempt order against IFCI, its CEO.
FDI up 74% in Feb to $2.21 bn.
Wipro to be title sponsor of San Francisco Marathon.
RBI cuts bank rate to 9%.

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Top Picks


Tata Motors, Ashok Leyland, NIIT Technologies, Wockhardt


HDFC Bank


Global Cues:

The European stocks fell on Wednesday (April 18, 2012), FTSE100 fell by 0.38%, CAC40 down by 1.59% and DAX declined by 1.01%.

The US stocks closed lower on Wednesday. Dow Jones fell by 0.63% and Nasdaq down by 0.37%.

The Asian shares are trading mixed on Thursday (April 19, 2012). SGX Nifty up by 17.50 points.

Events for the day:

Results: IndusInd Bank, ACC, Ambuja Cements, Hindustan Zinc


5336.00 +23.75 (+0.45%)


The company is expected to report total sales of Rs15b in 4QFY12 to match out full year expectation of Rs42b. The stock trades at 21.3 times its FY13E EPS of Rs9.3, 18.5 times its FY14E EPS of Rs10.7 and 33% discount to the NAV estimate of Rs295. Maintain buy
During Q4FY12, Anant Raj Industries revenue is expected to increase by 83% y-o-y to Rs1.2b, EBITDA to grow by 14% y-o-y to Rs518m and PAT to increase by 5% y-o-y to Rs320m. EBITDA margin is expected to be 45%. Maitain buy
Motilal Oswal expect HZ's net sales to grow 9% q-o-q (down 6% y-o-y) to INR30.4b on higher LME prices and better sales volume. LME zinc and lead prices have increased 7% and 6% q-o-q to USD2,046/ton and USD2,132/ton, respectively.
HCL Technologies reported a 2.5% QoQ growth in dollar revenues to US$1,048mn, while rupee revenues fell slightly by 0.6% QoQ. The BPO segment turned EBITDA-positive for the first time since 2QFY10 and, Nirmal Bang believes, this could be a margin lever for FY13. However, after a 28% rise in the stock over the past three months, valuation at 12.5x FY13E EPS is on the higher side. Maintain hold
HDFC Securities recommends investors to buy Hinduja Ventures at CMP of Rs385.20 and add on dips for a sequential targets of Rs448 and Rs512 for a period of 1-2 quarters
Investment Ideas


PowerGrid Corporation


India IT Services


India Infrastructure


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