For India, 2009 till now, been a great year with the return of a stable government at centre, good FII inflow, substantial increase in the stock market and less terror attacks. For the first time an Indian won double Oscar and Indian American received Nobel Prize for Chemistry. But H1N1 influenza claiming thousands of lives and a series of plane crashes are some events that we never want to happen again.
Meanwhile,...
It is an alarming situation when the entire world is fighting with this historical economic crisis; inflation is adding additional pressure on government as well as consumers. Major contributor of this whopping hike in inflation is food inflation at present context. Mismatch between demand and supply worldwide created chaos and sent prices of many commodities at multi year highs.
According to the latest data, food...
Now, when everyone is saying that Indian markets are over stretched and are trading on a higher P/E band, the hundred million dollar question is that will our markets be able to end the year on a positive note? At the current mark of 17,000, Sensex is trading at a P/E of 21. While comparing it with the historical average i.e. 16x, it surely looks expensive. But, this is on account of EPS of Sensex and Nifty, which...
Posted by
harsh on Nov 18th, 2009 in
Cement,
Research |
0 comments
Investors are recommended to book profit on the cement counter as this sector looks weak on the following reasons:
- Cement prices are coming down on all India basis with maximum fall observed in South India (E.g. Rs 170 per 50 Kg bag in Vishakapatnam).
- Our discussion with various industry experts suggests us that cement prices seems to have peaked out with supply overhang resulting in lower capacity...
Currently, the crude oil is trading near US$ 80 per barrel. Going forward, we expect it to go further up to US$ 85 per barrel on the back of higher energy demand on global recovery. This would result in higher realizations to upstream companies like RIL, ONGC, Cairn India. But at the same time, higher crude prices would impact the profitability of downstream companies (Oil Marketing Companies) as retail oil prices...