|
|
| Provisioning woes |
|
| The recent monetary policy announcements pertaining to asset quality and inflation would put pressure on the profitability of banks in the medium term. ...Read |
|
| On a growth path |
|
| Better realisations and demand scenario along with stable margins suggest that the going should be good for Wipro. ...Read |
|
| Domestic gains |
|
| An economic rebound will boost Tata Motors revenues in the domestic market, but JLR’s performance will decide its return to profitability. ...Read |
|
| Gathering speed |
|
| While Maruti had a stupendous quarter on the back of rising volumes, the stock price reflects these gains. ...Read |
|
| Improving outlook |
|
| While the economic environment is seen improving which augurs well for L&T and BHEL, valuations aren’t cheap. ...Read |
|
| The error cycle |
|
| Society is now so busy highlighting errors that it does not realise that it is repeating it. ...Read |
|
| Intermediate trend reversal confirmed |
|
| Prices collapsed in settlement week with the Nifty dropping 5.7 per cent to close at 4,711.7 points. The Sensex was down 5.5 per cent, closing at 15,896 points. The Defty was down 6.8 per cent with the dollar bouncing from over-sold levels. ...Read |
|
| Expect sharp rise in volatility |
|
| If the 4,700 level is broken, the Nifty could slide till around the 4,600 level before the next support is hit. ...Read |
|
| Deep cuts in Smart Portfolios |
|
| In a week when markets went into a tailspin, the Smart Portfolios saw significant losses. An investment of Rs 10 lakh at the start of Smart Portfolios on September 1, 2009, is now valued at Rs 10.03 lakh as against Rs 10.69 lakh in the preceding week. ...Read |
|
| Analysts' corner |
|
| During September 2009 quarter, GMR Infrastructure reported revenues of Rs 1,200 crore, up 41 per cent year-on-year (y-o-y). However, net profit after minority interest of Rs 54.9 crore was down 50 per cent y-o-y due to several one-time items like Rs 9.5 crore of write-back of depreciation towards Vemagiri project and Rs 12.5 crore of prior period service tax charge in Hyderabad airport SPV. On the operating front, its airport business witnessed momentum as passenger traffic grew on y-o-y basis by over 20 per cent at Delhi Airport and 8 per cent at Hyderabad Airport. In the road segment as well, most road projects which were under construction have entered operations phase and monthly annuity/toll collection stood at Rs 30.5 crore against Rs 11.6 crore in the quarter. ...Read |
|
| Markets at a glance |
|
| Analysts believe that the market might bounce back from lower levels. However, the weakness may continue this week as well. Investors need to keep an eye on FII investments this week given the heavy selling last week. There is a possibility of more selling on counts of profit booking and doubts over the recovery in the US economy. ...Read |
|
