Recent Blogs Posts

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

 There has been concern over the imposition of 16% excise duty on spot power sales but the government has now revised the export duty on the export of power outside an SEZ from 16% of sales to a flat rate of Rs.0.10 per kWh.

 This means that for Adani’s 4.6GW Mundra project, the risk of a 16% export duty on spot power sales has been removed.

 As per the revised rate, the duty incidence would be 3%, assuming spot power sales at the rate of Rs.3.5

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Tags: long term call, long term pick

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‎ Stock Market Update

Originally Posted by anish

 Buy call on Adani Power is reiterated with a one year target price of Rs.160. The stock is currently traded in the range of RS.133.

 The stock is trading weak due to the ruling against the company by Gujarat Electricity Regulatory Commission, rejecting the company’s request for terminating its contract with Gujarat Urja Vidyut Nigam Ltd (GUVNL) to supply 1 GW power at a tariff rate of Rs.2.35/ kwph for 25 years. It seems that there would be limited downside to the

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‎ Stock Market Update

Originally Posted by anish

 BGR Energy is recommended to buy with one year target price of Rs.968.

 The company has been implementing the projects successfully and the progress of implementation is as per schedule.A 600 MW EPC (engineering, procurement and construction) at Mettur, TN and and another one at Kalisindh, Rajasthan are progressing as per schedule.

 Company has bid for NTPC’s bulk deal 11 x 660 MW boilers and expect to get orders worth Rs.1100 crore in FY11.

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Tags: long term call, long term pick

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‎ Stock Market Update