Archive for the ‘Angel Broking’ Category
PIVOT LEVELS FOR NIFTY 50 STOCKS
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28 march, 2008 Market Outlook - Angel Broking
Dealer’s Diary
The Indian stock markets opened in negative territory on Wednesday taking cues from the weak Asian markets that were dragged down by renewed worries about the US economy. A drop in the US durable goods growth stoked concerns that the US is already in a recession. Most of the Asian indices slipped today on worries that there would be more bank write-downs in the US after a prominent analyst lowered first quarter profit forecasts for four major US banks namely Citigroup, Bank of America Corporation, JPMorgan Chase & Co and Wachovia Corp. The Sensex and Nifty ended with losses of nearly 1%. The BSE Realty and BSE FMCG indices were major gainers moving up by more than 2% while the IT, Bankex and Auto Indices closed in the red. The BSE Mid and Smallcap Indices surged 0.1% and 1%, respectively. Among the frontliners, ITC, Bharti Airtel, Cipla, HUL and Hindalco gained 3-7%, while TCS, Tata Motors, Infosys, SBI and Satyam Computers lost ground by 3-5%. In the Mid-cap Segment, Infotech Enterprises, Ashapura Minechem, Madras Alluminium, Tulip IT and Orbit Corp gained 10-16%, whereas India Infoline, Kirloskar Brothers, Kalyani Steels Ltd., Mphasis and Monnet Ispat lost 6-15%.
Markets Today
The trend deciding level for the day is 4821/15999. NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally upto 4873 – 4915/16128 - 16241. However, if NIFTY trades below 4821/15999 for the first half-an-hour of trade then it may correct upto 4779/15886. Click Here to Read More
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Market Outlook 27 march, 2008 - Angel Broking
Dealer’s Diary
The Indian stock markets opened positive but could not hold gains and slipped into the red amidst a highly volatile session. The Sensex and the Nifty ended with losses of nearly 1%. The markets traded volatile on the back of mixed global cues due to uncertainty about the US economic outlook. On the domestic front, the upcoming expiry of the March 2008 derivative contracts added to the volatility. However, the broader markets outperformed the benchmark index in Wednesday’s trades, with the Mid and Small-cap indices gaining by 2%. Realty, FMCG, IT and Auto ended in positive territory, while Power, Capital Goods, PSU, Healthcare and Teck indices closed in the red. Among the frontliners, Satyam Computers, HDFC Bank, ITC, HDFC and Tata Steel gained 0.5-4%, while Jaiprakash Associates, DLF, Bharti Airtel, ICICI Bank and HUL lost ground by 3-4%. In the Mid-cap Segment, Gujarat NRE, Yes Bank, Voltamp Transformers, Monnet Ispat and Orbit Corp gained 11-20%, whereas HCL Infosystems, S. Kumar’s, Matrix Labs, Dalmia Cement and Madras Cement lost 5-6%.
Markets Today
The trend deciding level for the day is 4850 / 16136. NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally upto 4891 / 16261. However, if NIFTY trades below 4850 / 16136 for the first half-an-hour of trade then it may correct upto 4788 –4746 / 15961 – 15836. Click Here to Read More
For more stock tips, share market information, demat account opening and online share trading help in Mumbai and India Log on to www.angeltrade.com (top retail broking house in India and Mumbai) or kindly contact sales@angeltrade.com / 022 – 40003630
Bombay Dyeing - Angel Broking Research Report
Bombay Dyeing has chalked out long-term plans to turn-around its traditional Textile business , curb costs and improve Margins. It has forward-integrated its DMT plant to a PSF plant of 1,65,000 million tonne capacity and has shifted its Home Textile operations from Mumbai to Rajangaon to control operational costs. On the anvil are plans to foray into the Real Estate business also to drive its future revenues. For this, Bombay Dyeing proposes to utilise and capitalise on its historical land bank in Mumbai. We Initiate Coverage on the stock, with a Buy recommendation. Read More
Click Here to download the complete Bombay Dyeing research report, company profile, company background, price chart, investment argument by Angel Broking and to view Bombay Dyeing 12 months target price.
For more stock tips, share market information, demat account opening and online share trading help in Mumbai and India Log on to www.angeltrade.com (top retail broking house in India and Mumbai) or kindly contact sales@angeltrade.com / 022 – 40003630
Jain Irrigation (JISL) - Angel Broking Research Report
Jain Irrigation (JISL) has grown its Earnings at a CAGR of 62% over the last three years on the back of strong growth being clocked by its Micro Irrigation, PVC Piping and Food Processing businesses. We believe JISL will maintain this momentum going ahead as well given the governments thrust on Irrigation and Infrastructure Development. We expect JISLs Consolidated Revenues to grow at a healthy CAGR of 43.7% over FY2007-10E, while expansion in OPMs is expected to aid Consolidated PAT to clock CAGR growth of 58.2% over FY2007-10E. We estimate Consolidated OPMs to expand by over 310bp to 17.6% in FY2010E from 14.5% in FY2007. We Initiate Coverage on the stock, with a Buy recommendation. Read More.
Click Here to download the complete Jain Irrigation (JISL)research report, company profile, company background, price chart, investment argument by Angel Broking and to view Jain Irrigation (JISL) 12 months target price.
For more stock tips, share market information, demat account opening and online share trading help in Mumbai and India Log on to www.angeltrade.com (top retail broking house in India and Mumbai) or kindly contact sales@angeltrade.com / 022 – 40003630
JSW Steel - Angel Broking Research Report
JSW Steel is one of the largest steel producers in India with a current capacity of 3.8mtpa and is also one of the largest exporters of galvanized products. We believe that significant capacity expansions, enriched product mix and backward integration initiatives into key inputs like coking coal and iron ore will be the key positives for JSW Steels growth going ahead. We expect JSW Steel to record a 28.9% CAGR in consolidated Bottomline over FY2007-10E. At CMP of Rs 935, on consolidated basis, JSW Steel is trading at an EV/EBIDTA of 4.7x on FY2010 EBIDTA and P/E of 6.8x on FY2010E consolidated fully diluted EPS. The company is trading at 20-30% discount to both its domestic and international peers, which we believe is not justified. We Initiate Coverage on the stock, with a Buy recommendation.
Click Here to download the complete JSW Steel research report, company profile, company background, price chart, investment argument by Angel Broking and to view JSW Steel 12 months target price.
For more stock tips, share market information, demat account opening and online share trading help in Mumbai and India Log on to www.angeltrade.com (top retail broking house in India and Mumbai) or kindly contact sales@angeltrade.com / 022 – 40003630
Exide Industries - Angel Broking Research Report
Exide Industries, which is a leader in the domestic Battery Segment with a strong brand image, has a clear growth visibility going ahead. Completion of capacity addition will enable it to enhance exports. We Initiate Coverage on the stock, with a Buy recommendation. We value its stake in ING Vyaya Life Insurance at Rs17 per share at 15x FY2010E New Business Arrived Profit (NBAP) and adjusted valuation of 11x FY2010E Earnings for its core business. Thus, the stock is available at attractive valuations.
Click here to download the complete Exide Industries research report, company profile, company background, investment argument by Angel Broking and to view Exide Industries 12 months target price.
For more stock tips, share market information, demat account opening and online share trading help in Mumbai and India Log on to www.angeltrade.com (top retail broking house in India and Mumbai) or kindly contact sales@angeltrade.com / 022 – 40003630
Nestle India - Angel Broking Research Report
For 4QCY2007, Nestle reported a strong Topline growth of 22% yoy to Rs896cr and Bottomline registered a much stronger growth of 50% to Rs94cr. Revenue growth was aided by steady growth in its Net Domestic Sales (up 22% yoy to Rs803cr) and buoyant Exports (up 22% yoy to Rs93cr). For the quarter, Nestles operating margins expanded 115bp to 17.6% driving an EBITDA growth of 30% yoy to Rs158cr. We believe Nestle offers the best opportunity to play out the growing Food Processing theme in India. At the CMP of Rs1,432, the stock is trading at 22x CY2009E Earnings and 13.7x EV/EBITDA. Nestle justifies its premium valuations compared to its peers on account of its global parent support, strong brand recall, excellent Return Ratios and superior EBITDA Margins. We maintain a Buy on the stock.
Click here to download the complete Angel Broking research report of Nestle India including Nestle India 12 months target price.
For more stock tips, share market information and online share trading help in Mumbai and India Log on to www.angeltrade.com (top retail broking house in India and Mumbai) or kindly contact sales@angeltrade.com / 022 – 40003630
Market Outlook And Stock Picks
Dealers Diary
Indian markets opened gap down on Monday tracking weak overnight (Friday) US markets and Asian indices in early trade, which fell sharply amidst growing concerns about the global impact of a US slowdown. Thus, all efforts of a recovery in the Indian stockmarkets failed as the key benchmark indices witnessed unabated selling pressure across sectors. The Sensex tumbled 900pts (5.1%) registering its second biggest single day point loss on a closing basis. It was also Sensex’s second biggest single day fall in percentage terms. Banking, Realty, Power, Capital goods, Metal and IT stocks were the worst hit sectors. However, select FMCG, Pharma and Auto stocks bucked the weak market trend. Among the frontliners, Cipla, HUL, Ranbaxy and Maruti Suzuki were the only stocks in the ending in green by 1-2% higher, while SBI, DLF, HDFC, BHEL and Hindalco lost around 6-9%. In the mid-cap segment, Colgate Palmolive, Jain Irrigation, Tanla, Allcargo Global and Aurobindo Pharma gained 1-4%, whereas India Infoline, Renuka Sugar, Bilcare, Adlabs and BL Kashyap lost ground by 9-11%.
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Angel Broking- Top Retail Broking House Of Mumbai and India.
Vesuvius India Target Price 320- Angel Broking
Vesuvius delivered yoy Top-line growth of 16% for 4QCY2007 to Rs90cr. For CY2007, Vesuvius India Topline grew 18% yoy to Rs319cr. For 4QCY2007, Vesuvius clocked a substantial 253% increase in Net Profit to Rs9.9cr (Rs2.8cr). In 4QCY2006, Vesuvius India had extraordinary expenses to the tune of Rs6cr. At the CMP, Vesuvius India stock is trading at 9x CY2009 EPS. We maintain a Buy on the stock.
Click here to download the complete Angel Broking Report of Vesuvius India.
For more stock tips, information and online share trading help in Mumbai and India Log on to www.angeltrade.com or kindly contact sales@angeltrade.com / 022 – 40003630
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