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Tuesday, April 5, 2011

Resilience or complacency?

Sharekhan ValueGuide
[April 04, 2011] 
Investment Insights 
 Our regular features on investments and equity picks for our investors.


Resilience or complacency?
Ignoring numerous concerning factors, the equity market recovered smartly last month. Domestic factors like high inflation, moderation in the industrial growth, downgrade of earnings estimates and political instability pose a challenge whereas the global news flow continues to be punctuated with concerns related to the prolonged instability in the Middle East, deteriorating conditions in the euro zone, rising crude prices and, to top it all, the havoc wreaked on Japan by the recent disastrous earthquake and tsunami.  

  • Sharekhan top picks 

  • PTC India: Power Unlimited

  • Ashok Leyland: FY2011 volume guidance likely to be a miss
  • Axis Bank: Earnings momentum to continue
  • Bharat Heavy Electricals: Price target revised to Rs2,707
  • Cadila Healthcare: Taxotere approval a positive
  • GAIL: India 6% tariff reduction in DUPL and DPPL, impact insignificant
  • Godrej Consumer Products: Kiwi license termination; no material impact
  • Grasim Industries: VSF price hiked by Rs6 per kg
  • HDFC Bank: Valuation remains on the higher side
  • IDBI Bank: Increased focus on quality parameters
  • Infosys Technologies: Current underperformance an opportunity to buy
  • ITC: Price target revised to Rs211
  • Lupin: The Japanese opportunity
  • Marico: Sweekar?s divestment?in line with growth strategy
  • Maruti Suzuki India: Impact of rising yen on Maruti Suzuki
  • Max India: Reliance Life-Nippon deal adds conviction to Max India?s call
  • Orient Paper and Industries: Allotment of warrant shares leads to 6.2% equity dilution
  • Patels Airtemp India: Price target revised to Rs106
  • Phillips Carbon Black: Management meet note
  • Pratibha Industries: Growth momentum to continue
  • United Phosphorus: Acquisition presents opportunity to tap Brazilian market 


  • Monthly economy review

·         Sharekhan?s top equity fund picks

·         Retail: Indian consumption space?Opportunities galore 

  • Balkrishna Industries: Risk perception increases as operating environment deteriorates
  • Divi's Laboratories: Re-visiting the growth track

Earnings Guide
 Trader's Techniques 
 Get in-depth technical research and hot opportunities in the equities, derivatives and commodities markets.

  • Sensex: End of 8th quarterly rally
  • Aluminium: Next powerplay in the making
  • Dhaanya NCDEX Future Index: Head & Shoulders in an expanded flat
  • Derivative view: Bulls roar
 Commodities Corner
 Get view on the buzzing commodities from our fundamental research team. 

  • Impact of Japan quake on commodities  
 PMS Products
 Get view on the PMS products and their performance from our fund managers. 

  • ProPrime
  • ProTech
 Premier Ideas 
 Sift through the collection of model portfolios to evaluate your investment and trading strategies.

  • Smart Trades Ideas
  • Nifty Ideas
  • Derivatives Ideas

Click here to read report: Sharekhan ValueGuide
The Sharekhan Research Team;g=0;c=642000000;x=3840;n=642;i=0;e=i;s=0;z=%5btimestamp%5d

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