Moneycontrol Market Edge

Colgate drifts down; Citi maintains sell on rich valuation

Tue, 21 May 2013 11:41:43 +0530

While PG's impending entry is a cause for concern, Citi feels it would be wrong to assume that Colgate would straight away lose market share. What Citi appears more worried is Colgate's expensive valuations, which leave little room for error.

Pharma losing health: 4 reasons that led to weakness

Mon, 20 May 2013 19:00:24 +0530

At first glance, it appeared the new Drug Pricing Control Order was to blame. But there were other factors as well. Here are the reasons…

Midcaps hog limelight: 5 stocks you can focus on

Thu, 16 May 2013 18:05:38 +0530

Big mover of the day Apollo Hospitals (up 8.5 percent) rallied after it got included in the MSCI index. Adani Ports (up 6.3 percent) and Polaris (up 6.5 percent) were big gainers among the midcap stocks.

Wockhardt, 3 other shares up on MSCI India index inclusion

Thu, 16 May 2013 14:59:35 +0530

Investors are betting that the inclusion of these stocks in the MSCI Index would attract interest from global fund managers who track the index.

BSE Sensex at 28-mnth high: 4 things 'not to do' right now

Wed, 15 May 2013 18:35:30 +0530

Benchmark indices surged over 2.5 percent to a 28-month high. The Nifty added a solid 151 points to close at 6,146 and the Sensex rallied 490 points, closing comfortably above the 20,000 mark.

Kotak Sec, Edelweiss keep 'buy' on TV18 post Q4 earnings

Wed, 15 May 2013 11:40:29 +0530

TV18 remains one of the few comprehensive broadcasting plays on Digital Access System rollout, says Kotak Securities.

Analysts upbeat on Tata Steel despite $1.6bn write down

Tue, 14 May 2013 09:28:50 +0530

The write down is a non-cash charge and hence does not impact operating earnings or cash flows. Only stated net worth and debt equity ratios get impacted. Also, the stock already appears to be discounting the write down.

Sensex drops 430 pts: 4 reasons that led to huge landslide

Mon, 13 May 2013 18:29:48 +0530

FMCG, metal and capital goods shares were the worst performers. ITC topped the list of frontline losers, shedding over 5 percent. Sterlite, GAIL, BHEL, Larsen Toubro, Tata Motors, Bharti Airtel and Tata Steel were the other big losers, falling 3-4 percent.

Pledged shares value in Q4 steady; 10 pointers: Edelweiss

Thu, 09 May 2013 09:22:56 +0530

Between Q3FY13 and Q4FY13, incremental promoter pledge was in Crompton Greaves (61.58 percent versus 47.86 percent), Shree Renuka Sugar (38.88 percent versus 26.10 percent) and United Phosphorous (18.91 percent versus 7.04 percent). Promoter pledge in Crompton Greaves has been on a steady rise over the past three quarters.

See room for only one more rate cut by RBI: JPMorgan

Wed, 08 May 2013 11:40:30 +0530

Contrary to the widely-held view in the market, the RBI is unlikely to cut interest rates more than once in the foreseeable future, says brokerage house JP Morgan.

FMCG valuations stretched; bullish on ITC, 2 others: IIFL

Wed, 08 May 2013 10:42:39 +0530

IIFL feels FMCG companies will be able to expand their gross margins going forward, but the stocks appear fairly valued at current levels.

Sensex at 20,000; but it may not be a bull market yet: Citi

Wed, 08 May 2013 10:19:54 +0530

According to Citi, participation by domestic investors holds the key to a sustained uptrend. This is borne out by the fact that equity benchmarks declined 3 percent in the January-March quarter even as FIIs were buying heavily.

Indian equities high on FII boost, but will 6000 hold?

Tue, 07 May 2013 16:13:10 +0530

The SP BSE Sensex surged over 200 points intraday on expectations of further rate cuts and pick-up in economic activity. FMCG, banks, realty and auto were the top sectoral gainers on the BSE.

Why Cobrapost expose was a non-event for bank stocks

Mon, 06 May 2013 15:58:22 +0530

The shrill Cobrapost bite, this time mostly on large state-owned banks and insurance companies, failed to upset the market confidence on banking shares. The latest sting operation turned out to be a non-event that did not lead to panic-selling by investors on Monday. Bank Nifty was flat to close the day's trading at 12,396.

FinMin too not acting firm on money laundering: Cobrapost

Mon, 06 May 2013 12:54:04 +0530

The Ministry of Finance has wrapped up the Directorate of Criminal Investigation (DCI) that was set up to pursue industrialists and politicians who have parked their black money with the Geneva branch of HSBC Bank and whose names were made public by the French government