Category: Breaking Corporate India Earnings News

Fast economic development is critical to ensure employment for the youth and security of the country. India is currently going through one of the worst phases as far as economic development is concerned. High inflation and low growth have led to stagnation in job creation. The social impact of the economic crisis is frightening – as shown by increasing number of suicides and skyrocketing crime graph.

The present economic crisis in India is due to policy paralysis of the Corrupt Congress led UPA government resulting from high level of corruption and lack of vision for the country. (more…)

Just like Bad Parents destroy the Family, so has the Bad and Corrupt Congress led politicians in the UPA Government which have been lying there in the state of paralysis without taking any decisions for the betterment of the Indian Economy.

The Financial health of India Inc. continues to deteriorate and, in 3Q, our sample of 3,700 companies witnessed a further increase in share of debt with companies. Share of infra and metals (more…)

At the CLSA India Conference, Indians Corporates appeared to be cautious and most highlighted weak consumer demand as a near-term headwind. The cautious view was emanating from the belief that the market has already factored in, partially, the strong outcome in the elections.

Weak Consumer Sentiment
10 companies from consumer staples & retailing appeared cautious on the near term growth outlook citing weak consumer demand partially (more…)

The Nifty has been ranging for over two-years, the ranging pattern is roughly 40% (or 1,800 pts) wide. When the market finally breaks out of these ranges the minimum expectation will be for a 40-50% advance.The most dynamic price moves occur when markets emerge from a prolonged period of sideways trading. The longer the time spent ranging the greater potential of the ensuing breakout. However, with the Nifty in US dollar and relative terms nowhere near breakout levels we are not expecting the Nifty to record a sustained breakout at this time. (more…)

The Fed’s decision to continue supporting the American Economy without tapering led to a 11% rally in Indian Equities even though the BANKEX has corrected by 8% since then. HSBC is worried about India’s weak Forex Reserve, upcoming general elections and in this backdrop rates India as an UNDERWEIGHT for Equity Investors.

Indian Rupee
As Raghuram Rajan took steps to contain (more…)

Ambit Capital’s Star Analyst Saurabh Mukherjea who went on a BUY Recommendation as soon as P. Chidambram took over as the Finance Minister a year ago boldly set SENSEX Target of 23,000 by the end of FY 2014. However, things turned out to be mere Lip Service from the Government and Mr. Saurabh Mukherjea had to DOWNGRADE the BSE SENSEX Target for India from 23,000 to 21,000. The 23,000 target was premised on FY14 Sensex EPS of Rs1,350 (implied YoY growth of 14%) and a forward P/E multiple of 17.0x (in line with the six-year average). (more…)