MOSt Weekly 6 May, 2006
MOTILAL OSWAL KURIACHIRA
Dear Investor,
The Sensex advanced by 307 points ( 2.6%) to close at all time high at 12360. It has gained by 1113 points in just three weeks. Banking stocks also some aggressive buying this week as there was a clear disconnect between perception and reality that NII and NIMs for majority of the banks would remain subdued for this quarter. SBI, ICICI Bank and BOI were the major gainers. Oil marketing companies also saw some gains as government indicated of an imminent price hike
Results for the March quarter are very much in line with our estimates with companies under our coverage showing a 25% growth in revenues and ~20% growth in PAT. However caution should be exercised at these levels as the markets are at an alltime high and some big IPOs are slated to hit the markets soon.
Week on Week Indices Change :
|
Index |
%Chg |
Points |
Index |
% Chg |
Points |
|
Sensex |
0.1 |
12.3 |
Nifty |
-0.4 |
-15.5 |
|
Sensex |
2.6 |
307.1 |
Nifty |
2.5 |
90.8 |
|
BSE Capital Goods |
1.2 |
106.1 |
BSE Tech |
-0.4 |
-10.7 |
|
BSE Consumer Durable |
6.1 |
211.8 |
BSE Pharma |
3.3 |
129.4 |
|
BSE Metal |
1.3 |
138.3 |
BSE-200 |
3.5 |
52.6 |
|
BSE IT |
1.3 |
51.7 |
BSE PSU |
3.2 |
200.2 |
|
BSE Mid-cap |
1.6 |
94.0 |
BSE Bank |
6.6 |
348.3 |
|
BSE FMCG |
1.0 |
23.1 |
BSE Oil & Gas |
9.2 |
507.7 |
|
BSE Small-Cap Index |
1.8 |
132.2 |
BSE Auto |
3.2 |
175.8 |
Corporate Updates :
• Wipro has announced that its Consumer Care and Lighting business division has acquired North-West Switches
business from North-West Switchgear Ltd, a Delhi
based company in the business of switches, sockets, MCBs etc.
in an all cash deal with an upfront consideration of Rs1.02bn.
• Tata Motors announces JV with Brazil's Marcopolo, Tata Motors to own 51% equity to build bus-body and the
production will start in one year
• ICICI Bank raises home loan rate by 50 basis points
• Sintex Industries plans to buy 74% of Zeppelin Mobile Systems India.
• Raymonds Q4 net profit at Rs348.1 mn (down 23%), income at
Rs3.84bn (up 20%) and other income at Rs159.7mn
(Rs146mn)
• Siemens buys Elpro International unit worth Rs25cr
• Tata Motors April Sales up by 51% at 36082 units
• Mahrashtra Seamless gets Rs1.78bn order from ONGC
• Glenmark Pharmaceuticals - Glenmark USA acquires exclusive marketing rights to 2 generic products
• Gujarat Ambuja March cement sales up 16% at 1.3mn tones
• BASF Q4 net profit at Rs49.8mn (up 6%) and income at Rs1.47bn (down 2%)
• HDFC Q4 net profit at Rs4.27bn (up 23%), income at
Rs12.4bn (up 30%) and approves transfer Standard Life
Insurance stake to Citi Group
• Kesoram Industries Q4 net profit at
Rs277.7mn (up 37%), income at Rs4.5bn (up 18%) and dividend at
Rs3 per share
• Hotel Leela Q4 net profit at Rs375.07mn (up 52%) and income at Rs1.02bn (up 20%)
• Aditya Birla Group April Cement sales up by 6.1% at 2.63mn tones
The Highlight of the week :
• Inflation at 3.54% against last week at 3.55%
• Sensex closes at all time high
FII's Activity for the week (net) (Cr.) :
• In Cash Segment : 1186.60
• In Index Futures :
• In Stock Futures :
-941.00
Top Gainers and Losers of the week (%) :
|
Adani Exports |
92.9 |
BEML |
-10.2 |
|
Finolex Industries |
38.9 |
India Cement |
-4.8 |
|
NIT |
26.8 |
Nestle |
-4.5 |
|
Bank of India |
24.0 |
Gillette India |
-4.4 |
|
Syndicate Bank |
19.7 |
Geometric Software |
-4.1 |
Vijo Joy Kuriakose P
Branch In Charge
MOTILAL OSWAL SECURITIES LTD
1st Floor, Flamon Complex
Kuriachira, Thrissur-680006
Ph: 0487-5523675,
Mob: 9895977410
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