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WELCOME

Thursday, 18 April 2013

5 DAYS MARKET REVIEW AND UPDATE

(11/04/2013 to 17/04/2013)









ECOSCOPE: Mar-13 WPI at 40-month low of 6%; Core inflation at 3.5%; expect 25bp cut in both Repo and CRR in May 3 policy


16 April 2013









METALS: Steel | WSA cuts demand growth rates; stocks down 30-40% from 52-week high; Buy NMDC; Sell Tata Steel, SAIL, JSP & JSW Steel


17 April 2013




METALS WEEKLY: Steel prices remain subdued; Iron ore up 4% WoW on Chinese restocking


16 April 2013









L&T: L&T-IDPL top’s NHAI’s CY13 pre-qualification list; Number of enlisted players halve, competitive intensity easing BUY


17 April 2013




Reliance 4QFY13: EBIT below est; Higher other income/lower depr. brings PAT in-line; meaningful earnings contribution from new capex from FY16/17 NEUTRAL


17 April 2013




DB CORP: Well-positioned despite moderate growth environment Strong sales and content strategy to help consolidate market leadership BUY


17 April 2013




JAYPEE INFRATECH: Gearing to decline by 30% over the next 12-18 months; Limiting capex; focusing on delivery at Noida and monetization at Parcel-3 BUY


17 April 2013




NESTLE INDIA: Annual Report Update | Lowest volume growth in a decade; highest FCF generation; Valuations rich amidst muted volume growth NEUTRAL


16 April 2013




INFOSYS 4QFY13: Disappoints; Weak revenue guidance and no earnings outlook amid citations of pricing pressure; Cutting estimates BUY


15 April 2013




SUN TV NETWORK: Top digitization pick; Digitization upside of ~INR160/sh; incorporating 50% into target price BUY


15 April 2013




BPCL: Entering into next investment phase; positive on sectoral reforms BUY


11 April 2013

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