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Sector Outlook

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...

Dabur India Ltd.

§ Bucking the general trend, the FMCG companies are likely to pull off a healthy performance for the quarter ended March 2009. Along with the growth in volumes, value growth will be the primary driver of revenues. § Dabur has launched three new variants of anti-dandruff shampoos under its premium hair care brand Vatika and has signed actress Preity Zinta as the brand ambassador for the Vatika shampoo range. Hair...

McLeod Russel India Ltd-BUY

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...

Q3 2009 results and India Inc.

The much-expected RBI rates cuts and the second economic stimulus package has come and gone. Despite the announcements, the markets remained range bound because of the expected Q3 results from the next week. Well, results are not expected to be good in most of the sectors. But there are some sectors, which have shown a positive trend and would post a good performance, providing the balance. Among all sectors, the...

Great Hopes : 2009

What is the difference between a person who starts taking bath if he accidentally falls into a river and a person who says that “O” is the last letter in Zero, instead of the first letter in Opportunity…well, a great difference. The former is Optimist and the latter one is Pessimist. The terrible 2008 has gone and once we bid adieu to the previous year, the coming of New Year holds a bag of new hopes,...

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