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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...

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...

Tamil Nadu Newsprint & Papers Ltd.

Tamil Nadu Newsprint & Papers Ltd. (TNPL), promoted by the Government of Tamil Nadu in 1979, is into production of business stationary, classical writing, computer stationary, newsprint, premium printing, quality printing. TNPL has the largest bagasse-based plant in the world and a mill with the largest production capacity in India with an installed capacity of 2,45,000 tons per annum. It is the market leader in...

Bombay Rayon Fashions Ltd.

Bombay Rayon Fashions Ltd. (BRFL), incorporated in 1992, is engaged in the manufacture and sale of a variety of fabrics, garments and home textiles and focus on servicing the export.The company offers fabrics like premium shirting, suiting, voils and fashion garments; apparel collection for office and casual wear; home textiles with a focus on exporting beddings. The company has 12 plants in the country. The...

Zodiac Clothing Company Limited

Zodiac Clothing Company Ltd. (ZCCL), incorporated in 1984 and promoted by M Y Noorani and Others, is into manufacturing and exporting of ready-made apparel and clothing accessories. It operates through brands, such as Zodiac, ZOD! and Z3.. The company has three plants located in Bangalore, Umbergaon (Gujarat) and Mumbai. The shirts unit in Bangalore exports most of its production to European countries. Zodiac is...

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