Ambit Cuts SENSEX Target to 28000

September 1, 2015

SENSEX Targets FallAmbit Capital Research one of the best entities that has been in sync with how the markets move has cut year End BSE Sensex target to 28,000 from 32,000. Ambit cites reasons that a decisive mandate for the BJP in the 2014 General Elections, the Indian economy was entering its fourth wave of economic expansion but that has not materialized.

Even as their Sensex target moved from 36,000 initially (in November 2014) to 32,000 (FY16 Sensex EPS Read more

Out of The Box Approach Analyst from UBS Downgrade Yes Bank

July 8, 2015

We’d like to commend the remarkable job done by Out of the Box thinking Analysts covering the Finance / Banking vertical at UBS Securities. What they did is instead of completely relying on data provided by companies to them, they went a step ahead and collected 7,000 collateral documents (used to secure loans) filed at Ministry of Corporate Affairs [MCA] which are pertaining to 100 potentially stressed companies covering approximately US$100bn in loans to understand the exposure and lending practices of banks. Then they tested the financial stability of Banks against Read more

Why Citi has set Sensex Target of 33,000 ?

May 29, 2015

Indian Banks Messed up for Corrupt Govt PoliciesAfter witnessing Record run in benchmark BSE SENSEX of 40% in the last 12 months, the index cooled a little bit on the back of profit tacking by FIIs. Basically, the over leveraged position got unwound after tepid results from the Indian corporates excluding the Private Banks pack which have grown YoY beating the benchmark. However, there is a Silver Lining, the return of Domestic / Retail Investor via Mutual Funds & Insurance products.

The Indian households allocation to direct equity is very modest. India’s insurance Read more

Why are we Accumulating IDFC ?

April 22, 2015

IDFC has informed the exchanges that the shareholders have approved the de-merger of IDFC into IDFC Bank. Each IDFC shareholder will get one share of IDFC Bank. With the shareholder approval in place IDFC is on track to start the banking operations from Oct 1, 2015 as planned. IDFC has already received RBI approval and the effective date of de-merger is likely to be within one and half a months.

IDFC is already complaint with the reserve Read more

BSE Sensex Historical Performance / Returns Since Inception

April 20, 2015

Breaking News - ExclusiveThe BSE SENSEX was created in the year 1979 as benchmark to track the Indian Stock Market. Since then 100s of stocks have moved in and out of the SENSEX depending on the Economy. We’d like to present to our esteemed readers the Historical returns BSE SENSEX has delivered since its inception. All the Dates taken into account for calculation are as on March-31st of respective years.

Between 1979 and March 2015, BSE Sensex has delivered a CAGR return of 16.45%. The following chart shows the same on a 1, 3,5,7,10,15,20, and 30 year basis. What does that mean ? If you have invested in SENSEX on April-1st of 2014, by March-2015 you would have gotten a Read more

BOFA Merrill Lynch SENSEX Target at 54,000

March 17, 2015

Sensex 54000 TargetFII Mover and Shaker of Indian Equity market, BOFA Merrill Lynch hosted an investor conference at which ministers in the Narendra Modi Government (Nitin Gadkari and Jayant Sinha), senior bureaucrats and nearly 40 companies participated.

Overweight India – Global Investors are overweight on India. GEM funds are nearly 420 bps overweight India BoFA’s view is that this makes India vulnerable to any near term global correction. India remains the most owned market in GEM by Read more

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