Sunday, October 31, 2010
Investors can consider giving the IPO from lead metal recycler, Gravitas India, a miss on account of the company's weak operational track record, and forays into foreign markets such as Ghana, Senegal, and Ethiopia without the desired stability in its domestic operations. The company also faces significant headwinds in terms of tightening primary lead prices, which could translate into higher raw material costs and margin pressures.
Fresh investments with a more-than-two-year-horizon can be considered in the stock of Dewan Housing Finance, a non-banking finance company that extends loans predominantly to lower and middle-income groups and has presence in Tier-II and Tier-III cities.
Shareholders can remain invested in the stock of Piramal Healthcare in the near-term. With its key cash cow sold to Abbott Labs, the stock's current valuations largely take support from the cash value on its books.
The stock of EID-Parry offers a good investment proposition for investors with a two/three-year holding period, as it trades at a deep discount to the intrinsic value of its sugar and farm input businesses put together.
Buying gold during Diwali is considered auspicious. But is it only superstition or has the ‘yellow' metal really brought riches for its buyers? Well, investors who bet on gold for capital appreciation have made money, if the trend in the last five years is anything to go by. The price of gold has gone up from Rs 875/gm during Diwali 2006 to around Rs 1,968/gm now, appreciating at about 22 per cent annually on a compounded basis over the last four years.
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
29/10/2010 532682 ABG Shipyard GENUINE STOCK BROKERS PVT. LTD. B 376298 458.88
29/10/2010 532682 ABG Shipyard SMART EQUITY BROKERS PRIVATE LIMITED B 333565 457.39
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
29-OCT-2010,ABGSHIP,ABG Shipyard Limited,C D INTEGRATED SERVICES LTD.,BUY,402072,459.83,-
29-OCT-2010,ABGSHIP,ABG Shipyard Limited,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,506705,459.27,-
29-OCT-2010,ABGSHIP,ABG Shipyard Limited,GENUINE STOCK BROKERS PVT LTD,BUY,541211,458.57,-
The domestic markets shut the volatile week lower as investor sentiment turned sour on doubts over the quantum of quantitative easing by the Federal Reserve
Major news for the week
ICICI Bank Q2 net profit up 19% yoy
India to grow at 8.25-8.75% in current fiscal: FM
Food inflation eases to 13.75%
September exports at two-year high, trade deficit shrinks
Core sector growth falls to 18-month low
The Federal Reserve's decision on monetary easing at its meeting on 2-3 November 2010 holds key to emerging markets including India which have seen a liquidity driven rally due to huge amount of inflows on availability of cheap funds abroad. Most leading economists expect the Fed to buy between $80 billion and $100 billion worth of assets each month in a new program to stimulate the economy.