It was a lovely day on the Dalal Street, with the key benchmark indices climbing higher all throughout the day. The markets carried the Friday’s rally in today’s trade with strong support from the global frontiers owing to easing concerns in Egypt. The Nifty closed above the 5400 mark for the first time in the last eight sessions on account of buying in all sectors. The Sensex too closed above the 18000 mark. A marginal dip in inflation for the month of January 2011 to 8.23% versus 8.43% seen in the month of December 2010 also boosted sentiments. It was a solid session as the markets gained the most in nine months.
Monday, February 14, 2011
Experts Advice On Markets(Auto Stocks)
Dipan Mehta,Member BSE/NSE,
“The auto companies have delivered spectacular performance over the past 2-3 years and across the board quite attractive whether it’s two wheeler or four wheelers or the commercial vehicles depending upon where the comfort level is, I think investors could go for either or all of these shares. Personally I think we like M&M at this point of time. Usual caveat that we have recommendations, we feel that it is attractively valued and apart from a play on automobiles its also a very good play on the agriculture considering that a lot of their revenues come from rural areas and we have all seen the GDP growth rates and how agriculture is shaping up quite well and kind of consumer effect happening over there is quite phenomenalHe further added, “So we do fell M&M has a bit of an edge over some of its other peer group companies in the auto sector. If you take into account all the various subsidiaries and their valuations then this stock is really at quite attractive levels. We do feel that balance sheet quality has improved significantly. No risk of any large acquisition which they have done in the past or may do so in future. So there is some degree of stability and visibility within the stock. If I had to pick one company then that is the one that comes to my mind. But all the other companies be it Tata Motors, Ashok Leyland, Bajaj Auto, TVS Motor or Hero Honda are attractive investment opportunities at this point in time."Source:CNBC-TV18.
“The auto companies have delivered spectacular performance over the past 2-3 years and across the board quite attractive whether it’s two wheeler or four wheelers or the commercial vehicles depending upon where the comfort level is, I think investors could go for either or all of these shares. Personally I think we like M&M at this point of time. Usual caveat that we have recommendations, we feel that it is attractively valued and apart from a play on automobiles its also a very good play on the agriculture considering that a lot of their revenues come from rural areas and we have all seen the GDP growth rates and how agriculture is shaping up quite well and kind of consumer effect happening over there is quite phenomenalHe further added, “So we do fell M&M has a bit of an edge over some of its other peer group companies in the auto sector. If you take into account all the various subsidiaries and their valuations then this stock is really at quite attractive levels. We do feel that balance sheet quality has improved significantly. No risk of any large acquisition which they have done in the past or may do so in future. So there is some degree of stability and visibility within the stock. If I had to pick one company then that is the one that comes to my mind. But all the other companies be it Tata Motors, Ashok Leyland, Bajaj Auto, TVS Motor or Hero Honda are attractive investment opportunities at this point in time."Source:CNBC-TV18.
The Indian markets posted losses for the third consecutive week owing to worries over inflation, rising interest rates coupled with series of scams and FII outflows.During the week, the Nifty slipped below 5200 levels, however managed to close above that mark. The Sensex swung 885 points and the Nifty 263 points during the week. To close the week, the Sensex settled at 17729, lower by 280 points or 1.55% and the Nifty at 5310, down by 86 points or 1.59%.
Stocks To Watch Today,
ITC Ltd,
Cpm:155.25,
Action:Buy,Hold
Target:190.
Gujarat State Petronet Ltd,
Cmp:94.25,
Action:Buy,
Target:110.
PTC India Ltd,
Cpm:87.95,
Action:Buy,Hold,
Target:105.
Madras Cements Ltd,
Cmp:94.10,
Action:Buy,
Target:140.
Stocks To Watch Today,
ITC Ltd,
Cpm:155.25,
Action:Buy,Hold
Target:190.
Gujarat State Petronet Ltd,
Cmp:94.25,
Action:Buy,
Target:110.
PTC India Ltd,
Cpm:87.95,
Action:Buy,Hold,
Target:105.
Madras Cements Ltd,
Cmp:94.10,
Action:Buy,
Target:140.
Sunday, February 13, 2011
Piramal Health Q3 Results
The net profit of the company stood at Rs92.02 crore for the quarter ended December 31, 2010 where as the same was at Rs138.28 crore for the quarter ended December 31, 2009.Total income came in at Rs363.89 crore for the quarter ended December 31, 2010 where as the same was at Rs731.96 million for the quarter ended December 31, 2009.
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