Equity portfolio

Recomendation are done on the basis of  charts, quarterly results of companies, liquidity, assets and liabilities of companies, orders pending, dividend issued, etc.

Banking:

Invest in ::
Bank of baroda : reco price: 650
Canara bank : reco price : 370
Idbi bank : reco price: 80

BOOK PROFIT ::  BANK OF BARODA ::  724   ( 3 JULY)
                             CANARA BANK      ::  435   ( 13 TH JUNE )
                             IDBI BANK             ::  96     (3 JULY )

Avoid : Axis bank , Hdfc bank , Icici bank

Cnx IT

Invest in :
Wipro : reco price : 385
tech mahindra : reco price: 650
Tcs : reco price : 1220


BOOK PROFIT ::  WIPRO                   ::  403      ( 21 ST JUNE )
                            TECH MAHINDRA   ::  735      ( 3 JULY )
                            TCS                        ::  1275     ( 29 JUNE  )




Avoid : Patni , Infosys

Pharma :

Invest in :
Dr reddy: reco price : 1650
lupin: reco price: 500





BOOK PROFIT ::  WIPRO                   ::  553     (6 JUNE )
                           

BOOK LOSS ::        DR REDDY             ::  1622    (4 JUNE )



Avoid : biocon , cipla

Fmcg :

Invest in :
Britannia : reco price : 515
Hindunilever : reco price: 410


BOOK PROFIT ::  BRITANNIA              ::  540     (3 JULY )
                            HINDUNILEVER        ::  460     (21 JUNE)
                           


Avoid: Dabur , Itc

Energy:

Invest in :
Gail : reco price : 330
Ongc : reco price: 250


HOLD BOTH STOCKS TO GAIN EVEN MORE PROFITS 
                           



Avoid: ntpc

CURRENCY CALLS

SELL DOLLAR

CMP : 5490
SL: 56
TARGET 1 : 53
TARGET 2 : 52
TARGET 3 : 51
CALL DURATION : 1 MONTH

BOOK LOSS 

RESULTS

EQUITY RESULTS:

:::BOARD MEETINGS ON 16TH MAY:::

DISH TV

:::BOARD MEETINGS ON 17TH MAY:::

BAJAJ HOLDINGS AND INVESTMENT LTD.-
JAIPRAKASH POWER VETURES LTD.-
UNITED BREWERIESLTD.-
BAJAJ  AUTO LTD.-
JAYPEE INFRATECH LTD.-

COMMODITY AND CURRENCY RESULTS 16TH MAY :

::GBP DATA::

CLAIMANT COUNT CHANGE
 BOE GOV KING SPEAKS
BOE INFLATION REPORT

::US DATA::

BUILDING PERMITS
FOMC MEETING MINUTES

::NZD DATA::

PPI INPUT Q/Q

:: JPY DATA::

 PRELIM GDP Q/Q

Greeks pull funds from banks; emergency cabinet to be named

 

 

1 of 2. Leader of the Independent Greeks party Panos Kammenos (2nd from R) accompanied by party officials, arrives at the Presidential palace for a meeting with other political leaders and the Greek President in Athens May 15, 2012.

Credit: Reuters/John Kolesidis

By Harry Papachristou and Ingrid Melander

ATHENS | Wed May 16, 2012 3:14am EDT

ATHENS (Reuters) - Greece's political leaders meet on Wednesday to form a caretaker government to take it to a second election in just over a month, with its euro membership at stake and its president speaking of "fear that could develop into panic" at its banks.President Karolos Papoulias was forced to call a new vote after failing to cobble together a coalition government. An election on May 6 saw leftist opponents of Greece's EU/IMF bailout deprive the parties that ran the country for generations of a majority.
Polls suggest the radical left are poised to win the re-run.
That prospect has shaken faith in Greece's ability to remain in the single currency and stay solvent, sending the euro and European shares lower, and raising the bond yields that reflect the risk that other European countries will be hurt.
Greeks are withdrawing euros from banks, apparently afraid of the prospect of rapid devaluation if the country leaves the European single currency, minutes of Papoulias's negotiations with political leaders showed.
Central bank head George Provopoulos told him savers withdrew at least 700 million euros ($894 million) on Monday, the president told party chiefs.
"Mr Provopoulos told me there was no panic, but there was great fear that could develop into a panic," the minutes quoted the president as saying.
"Withdrawals and outflows by 4:00 pm when I called him exceeded 600 million euros and reached 700 million euros," he said. "He expects total outflows of about 800 million euros."
Greeks have been steadily withdrawing funds from banks for months, and there has so far been no sign of queues at banks in Athens.
Opinion polls show that voters enraged over five years of recession, record unemployment and steep wage cuts are likely to elect a parliament as fragmented as the one they chose on May 6. But the vote, probably in mid-June, may well tip the balance of power toward leftist parties opposed to the bailout conditions.
Policymakers from European Union states and at the European Central Bank have warned that they would stop sending debt-choked Athens the cash it needs to stay afloat if a new government tears up the bailout.
Many Greek voters still hope they can stay in the euro without abiding by the conditions imposed to obtain the bailouts, as promised by Alexis Tsipras, the charismatic 37-year-old leader of the surging leftist SYRIZA party.
"There is a bit of schizophrenia in our society right now. People want to stay in Europe - have the cake - but they also want to eat it - by attacking the creditors," said Theodore Couloumbis at Athens-based think-tank ELIAMEP.
"Much depends on whether the Greek people in this repeat election are going to vote with anger and passion or if they will cool off, reflect and see in effect what the real choices are. The choice is between bad and worse."
Party leaders will meet Papoulias at 1 p.m. (1000 GMT) to put together a caretaker government. It was not clear who would be part of that emergency cabinet, whose main task would be to organize the repeat election - the third in Greece in as many years.
"DOESN'T LOOK GOOD"
Many in Greece pin their hopes on newly elected French President Francois Hollande, who campaigned on a pro-growth platform. Socialist Hollande offered some hope for more flexibility towards Greece on Tuesday, saying after his first meeting with German Chancellor Angela Merkel:
"I hope that we can say to the Greeks that Europe is ready to add measures to help growth and support economic activity so that there is a return to growth in Greece."
But despite encouraging comments from the conservative German leader about wanting to see growth, differences remain over how far austerity programs might be relaxed.
IMF chief Christine Lagarde had earlier in the day joined a string of EU policymakers who have over the past days lifted the taboo of openly discussing the prospect of an exit of Greece from the euro zone. She said it was important to be prepared for that possibility and warned that an exit would be "quite messy".
European shares fell to their lowest closing level since the start of 2012 after attempts to form a government collapsed. Traders said markets could slump further in the coming days, with fears of a contagion to other crisis-hit EU states including Spain and Italy sending the euro below $1.28.
Patience is also wearing thin among a number of EU policymakers exasperated by the fact that a country which accounts for barely two percent of the euro zone's economy should drag the bloc back into a deep crisis yet again after more than two years of roller-coaster crisis.
"The 16 other governments in the euro zone really are at the end of their patience with Greece. There isn't room or any willingness to move," said one official involved in talks over Greece at the European Commission. "The decisions are really in Athens' hands. But it doesn't look good." ($1 = 0.7828 euros)
(Additional reporting by Harry Papachristou and Karolina Tagaris in Athens and Luke Baker in Brussels; Editing by Mike Peacock)

FMCG STOCKS

Large caps :

Itc:
The cigarette industry was pleasantly surprised to see unchanged excise duties on cigarettes. We estimate 4% volume growth for ITC in FY10 and FY11. The Agri division has exited low-margin commodity businesses and focusing on high-margin leaf tobacco exports, which will increase overall margin. ITC has appreciated by about 12% post budget.


short term range : 226-250
long term range: 190-250


nestle:
Nestle India is best placed to ride on the expected growth in processed food market due to strong technology of the parent company. Nestle has taken several steps to increase volume growth increased focus on popularly positioned products, lowered the entry-level price point in chocolates from Rs 3 to Rs 2, increased ad and marketing expenditure.

short term range : 4100-4490
long term range: 3950-4900





Mid caps:

Britannia industries:
Britannias sales growth remains robust. The continued consumers shift from unorganised to branded biscuits will stimulate strong growth in premium biscuits. Strategy of focusing more on the branded biscuit category, would help Britannia to improve the profitability. We expect the companys EBITDA margin to expand in FY12.

short term range : 510-600
long term range: 440-600




Marico:
Marico received approval from the Bangladesh Securities and Exchange Commission to list its 100% subsidiary in the country, known as Marico Bangladesh (MBL). The Bangladesh operations of Marico achieved sales and net profit of Rs 225 crore and Rs 25 crore respectively in FY09. The business has grown at a CAGR of 71% over 3 years.

Short term range : 146-170

long term range: 107-180

Small caps:

Ruchi soya: 
Ruchi Soya is one of the largest players in the domestic edible oil market. It has the largest processing capacity in India. However, there were lot of volatility in the commodity prices but it has been able to register a consistent growth. Also, once the oil prices starts climbing up it is going to reap the benefit.

short term range : 88-100

long term range:78-130

Mcleod russel:
The tea price boom helped McLeaod Russel to post 61.48% growth in its net profit in last quarter. It plans to acquire Vietnam based Phu Ben tea company for $2 million. McLeod, being the worlds largest bulk tea player, will continue to gain from increased preference to tea world over.

Nifty 50

Company	Weightage (%)	Change (%)	Contribution (%)	Market Cap*
INFOSYS LTD	8.46	-0.99	-0.08	16,42,180.54
RELIANCE	8.43	1.58	0.13	25,33,249.51
I T C LTD	6.78	-0.81	-0.05	16,23,940.07
ICICI BANK	6.4	6.28	0.4	10,54,250.89
H D F C BANK	5.74	1.46	0.08	12,24,156.56
HOUS DEV FIN	5.46	4.05	0.22	10,02,119.59
LARSEN & TOU	4.29	5.24	0.22	7,96,652.30
TCS LTD	3.8	1.32	0.05	23,61,093.55
STATE BANK O	3.56	3.96	0.14	14,11,159.60
TATA MOTORS	2.88	4.74	0.14	7,51,498.48
BHARTI ARTL	2.57	2.79	0.07	12,86,982.95
HIND UNI LT	2.4	-0.71	-0.02	8,25,610.05
ONG CORP LTD	2.33	1.42	0.03	24,19,920.38
MAH & MAH	1.91	0.3	0.01	4,15,200.48
TATA STL	1.91	7.41	0.14	4,35,195.60
AXIS BANK	1.86	4.17	0.08	5,00,494.49
BHEL	1.44	2.84	0.04	6,81,656.60
BAJAJ AUTO	1.43	1.13	0.02	5,06,247.60
JINDAL STEEL	1.41	7.13	0.1	5,35,519.55
NTPC LTD	1.4	2.03	0.03	14,31,412.62
WIPRO LTD.	1.34	-1.76	-0.02	10,62,026.56
SUN PHARMA	1.31	1.99	0.03	5,90,229.94
DR. REDDY	1.3	0.56	0.01	2,88,106.21
KOTAK BANK	1.29	1.14	0.01	4,13,085.27
COAL INDIA	1.29	2.8	0.04	21,15,034.62
HINDALCO IN	1.17	2.51	0.03	2,57,695.87
TATA POWER	1.15	-0.28	0	2,58,071.62
HEROMOTOCO	1.14	1.14	0.01	3,81,333.23
MARUTI SUZUKI	1.07	2.51	0.03	3,87,688.41
STERLITE (I)	1.06	4.9	0.05	3,84,690.20
GRASIM IND	1.05	2.49	0.03	2,48,866.32
GAIL	1.02	0.46	0	4,42,381.49
INFRA DEVFIN	1.01	5.23	0.05	2,12,987.24
CIPLA LTD.	0.97	-0.47	0	2,47,420.22
POWER GRID	0.97	1.43	0.01	5,09,964.25
CAIRN IND	0.83	5.1	0.04	7,13,898.68
PUNJAB NATBK	0.78	2.72	0.02	3,02,983.31
AMBUJA CEME	0.77	1.97	0.02	2,49,565.16
ACC LTD	0.76	1.1	0.01	2,48,208.75
H C L TECH	0.73	2.42	0.02	3,50,357.98
BHARAT PETRO	0.54	0.75	0	2,40,136.28
REL INFRA	0.52	1.7	0.01	1,68,141.36
JAIPRAK ASSO	0.52	4.9	0.03	1,65,649.14
SESA GOA LTD	0.5	4.36	0.02	1,74,906.66
DLF LTD	0.45	2.26	0.01	3,46,021.10
RPOWER	0.43	-1.39	-0.01	3,67,471.57
SIEMENS	0.41	-0.09	0	2,67,999.25
RANBAXY LAB LTD	0.4	-0.16	0	1,75,762.89
REL COM LTD	0.39	2.65	0.01	1,95,566.55
STEEL AUTHOR	0.37	4.29	0.02	3,91,780.32

S&P downgrade—a wake-up call

[Shishir Asthana] 27 Apr 2012 11:45 AM

By Shishir Asthana, an independent investment banker  The growing frustration of the investor community with the policy inertia in India and all the wrong policy moves outlined in my last note was reflected in the recent outlook downgrade by the global rating agency Standard & Poor’s (S&P) yesterday. The rating is affirmed at “BBB-“ but S&P has put the outlook to “negative” from “stable” and warned of a possible downgrade if the government does not pull up its socks. As per a press release by the rating agency, the negative outlook signals at least a one-in-three likelihood of a downgrade of India’s sovereign ratings within the next 24 months. A possible downgrade of the rating from “BBB-“ would put India in the “junk” grade from the “investment” grade now. The implications would be drastic. There is around $40 billion foreign investment in Indian bonds, including around $15 billion in government bonds and the rest in corporate issuances. The cost of borrowing overseas would shoot up for the Indian corporates. The downgrade jolt could come at a time when the government is under severe financial strain and requires a good dose of foreign inflows to stabilise the rupee. What if another global crisis hits the world? India has limited scope to spend its way out this time around. The fiscal deficit is already close to 10% level including the deficit of the state governments and there is no elbow room for the government to increase spending in case a crisis hits the world again. This would mean that the economic growth could slip down much sharply this time around and the country will take many years to recover from the shock unlike in 2008-09. But there is a positive outcome of this whole episode. There is some solace for the government since the other global rating agencies like Moody’s have not downgraded the outlook. However, the growing criticism and veiled warning by S&P to take steps towards fiscal consolidation should force the government to take hard decisions now. The government cannot keep depending solely on the Reserve Bank of India and its monetary policy to do the job. Fiscal consolidation is necessary to support the rupee and also to lower the interest rates in the system which will be an important base to trigger a revival of investment by the private sector. The market has held up through the recent rough patch. But the patience of the investor community has reached the hilt. Unless the government makes the right moves the economy and the equity market are headed for troubled times. Disclaimer: The views expressed in this column are the views of the author and do not necessarily reflect the views of Sharekhan.