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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...
The Union Budget FY10-11 is expected to come on 26 Feb’10 and will be the next major trigger for the market.
Finance Minister is expected to provide guidelines for the introduction of the direct and indirect tax reforms i.e. the direct tax code (DTC) and the Goods & Services Tax (GST).
FM may increase excise duties to decrease the fiscal stimulus measures and may raise the service tax also from 10%. We...
Upstream Co: Positive
Downstream Co: Neutral
Gas Co: Positive
Q3 FY10 review: almost in line with our expectations
The Q3 FY10 results were broadly in line with our expectations. The upstream companies posted good profits during the quarter on account of higher average crude oil prices on YoY basis and higher GRMs. Commencement of Rajasthan field (Cairn India) and increased production in KG-D6 were the key...
As the economy teeters between bad and worse, the stock Market has always been question on every one face, how to invest and earn from it. Investing in the stock market is similar to investing in any other business. A good value investing is based upon the basis that it is possible to always find stocks that can be bought at a discount to their true worth. Judicious selection of stocks is very crucial. Now the...
McLeod Russel India Ltd. (MRIL), the world’s largest tea plantation company, is engaged in cultivation, production and marketing of tea. The company produces over 70 million kilos of tea from 53 tea estates in 34,000 hectares land spread across Assam and West Bengal. The company operates in India and outside India and accounts for approximately 7.7% of the total tea production in India and approximately 2% of the...