New Location for Research & Analysis

You asked for it, you have it. We received e-mails from Readers asking for more from the research. In order to satiate the needs of our readers, we had to migrate to a new content publishing platform. Location of Equity Research is here.

In the days to come, we will unveil a new research page with lot of Analytics focused entirely on Research, never before done in the history of Dalal Street.

You can continue to Browse the Old Site here or in the Archive Section.

Pre-budget correction playing out – Merrill

A pre-budget correction in the Indian equities market is playing out with the rise of CRR. Analysts expect a market consensus on increased excise duties in the budget in February end as the Government scales back its fiscal stimulus program. Bofa-Merrill sees a weakness in the markets over next few weeks in the run up to the budget that may offer a better buying opportunity. Read more

IPO Coverage is MOVED

The IPO Coverage from the Best Analysts on the Street is now Moved to the Following Location – IPO India Research and Analysis.

Here is a link to Archives of Past IPO Research.

CRR Hike and Impact on Indian Banks + Markets

The Reserve Bank of India (RBI) often likes to spring a small surprise, and today’s meeting was no exception. Contrary to market expectations, the RBI raised the CRR by 75bps v/s expectations of 50bps. RBI has raised its growth estimate for FY10 from
6% with an upward bias, to 7.5%.

The RBI raised its inflation projection, it has stated that inflation expectations are on the rise and warned of further upside risks emanating from: oil, below average monsoons in 2010, and capital flows. RBI also pointed out that large fiscal deficit is a far bigger risk to both short-term and medium-term. Read more

CRR Hike and Impact on Indian Banks

The Reserve Bank of India (RBI) often likes to spring a small surprise, and today’s meeting was no exception. Contrary to market expectations, the RBI raised the CRR by 75bps v/s expectations of 50bps. RBI has raised its growth estimate for FY10 from 6% with an upward bias, to 7.5%.

The RBI raised its inflation projection, it has stated that inflation expectations are on the rise and warned of further upside risks emanating from: oil, below average monsoons in 2010, and capital flows. Read more

Credit Suisse Downgrades India to Underweight

In a somewhat very surprising move, Credit Suisse Research has sent tremors with FIIs and other P-Note account holders by downgrading India Directly to Underweight from Overweight.

Credit Suisse in a research note said that on P/BV versus ROE valuation model, Read more

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