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Originally Posted by anish

TVS Srichakra Tyre

 TVS Srichakra, one of the largest suppliers of two & three wheeler tyres in India and part of US $ 2.2 billion Auto Ancillary group TVS, is poised for accelerated growth in next few years in view of impressive offtake from OEMs, coupled with increased demand from replacement market and expected recovery in overseas markets.

 Company manufactures complete range of two and three wheeler tyres & tubes for domestic OEMs such as TVS Motors,

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Stock Market Update

Originally Posted by anish

 Ambuja Cement has been downgraded to ‘sell’ as the stock looks overvalued at the current price and negative outlook on the cement sector. The stock is currently traded in the range of Rs.145 and the price is expected to drop to Rs.109 over a one year term.

 The outlook on the sector appears lower average demand growth for cement, which has been lowered to 8% yoy as against the earlier estimate of 10% yoy for FY11. This is because of lower than expected performance

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Tags: long term call, long term pick

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Stock Market Update

Originally Posted by anish

 Buy Reliance Infrastructure at the current price of around Rs.1067 and the one year target price is maintained at Rs.1331.

 The current level appears to be an attractive entry point with favorable risk – reward ratio to the buyer. The stock appeared to have bottomed out at the current level and buyers could expect around 24% return over one year term.

 It seems that the downside was mainly on concerns over some aggressive bids by the company

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Tags: long term calls, long term picks

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Stock Market Update

Originally Posted by anish

Hindusthan National Glass

CMP Rs.238
Target Price Rs. 335

The company plans to expand capacity by FY12 and should benefit from better efficiency and a hike in its stake in a float glass venture

Hindustan National Glass (HNG) is India's largest container glass solutions provider with a 65% market share. The company has a market cap of Rs 20 billion and the average traded volume over the past two weeks was at 4,000 shares. HNG has plants at Rishra

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Stock Market Update

Originally Posted by anish

Maruti Suzuki – Switch over to M&M

 Maruti has returned around 16% in August 2010 and outperformed the Sensex return by 6%.

 Outperformance is mainly due to surprising increase in sales volume and positive comments by the management.

 However, it seems that the positive volume surprise is fully reflected in the stock price and further upsides look limited.

 Despite higher volume, profit margins are unlikely

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Stock Market Update