1. How will we differentiate between private and Govt. upstream companies and which one is better and why?
In India, retail fuel prices are regulated by Govt. If the crude oil prices are high, Oil Marketing Companies (OMCs) bear under recoveries on sale of fuel at lower prices. As per Govt., public upstream companies has to bear a part of subsidies losses of OMCs, whereas private companies like RIL, Cairn don?t...
Posted by
kamal on Apr 20th, 2010 in
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Bank Sector
Rating: Positive
In 3Q 2010, our coverage universe reported positive growth in Net interest income (NII) with decent growth in advances except ICICI Bank. Net interest margins has grown up on back of falling cost of deposit as banks have bolstered their CASA base. We continue to have bullish view on sector since IIP (Index of Industrial production) can surprise on upside which will ignite private capital...
Posted by
surabhisharma on Apr 20th, 2010 in
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Historically, Oil India Ltd. (OIL) has grown reasonably well compared to its peers and has shown its competitive advantage in the exploration and development of deep-seated thin reservoirs. We expect crude oil prices to remain around US$80/ barrel in near future, which does not pose any financial risk despite its share in subsidy burden. On the back of increased exploration and development activities, better...