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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

Which is the Best PSU Bank worth Investment Grade in India ?

March 10, 2015

Best PSU Bank in IndiaWeak balance sheet growth and elevated credit costs would keep the profitability of PSU banks subdued. Furthermore, visibility on structural reforms remains poor. Whilst the Government has taken some initiatives, the process appears to be too gradual and it side-steps some of the key objectives of removing the Government’s direct control on PSU banks.

PSU banks’ 3QFY15 results highlighted continued stress on their loan book growth and credit quality. Slowing NII growth (5% YoY) and elevated credit costs (provisions at 1.1% of assets) led to RoA compressing to 0.3% in 3QFY15.

Focus on Structural Reforms
PSU banks, on an average, have lagged their private sector peers significantly over the last decade in terms of profitability and Read more

Larsen & Toubro – Best Bet on Infrastructure Recovery

February 12, 2015

Larsen Toubro Poised for RecoveryLarsen & Toubro – L&T reported weak results with standalone revenue growth of 4.2% versus expectations of 7.5%. EBITDA margins contracted YoY to 10.5% from 11.6% in 3Q FY15 ostensibly on job mix and some orders not crossing the margin recognition threshold.

While L&T, in revenue terms, is larger than India’s next six largest construction companies put together, owing to the fragmented market (L&T’s market share Read more

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