MF Global India Daily Ideas - 21/JUN/2011

[Shah, Vikas (IND Int)]

 

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Today’s Key Ideas

	Stock	Ticker	REC	News/Analysis
CONSUMERS
1.	Auto			Management Meeting: Shriram Transport: expect weakness in heavy trucks
2.	Jyothy Laboratories	jyl in	nr	PE fund Apax Partners frontrunner to acquire stake in Jyothy Labs  for $150 mn. Deal will enable Jyothy to reduce debt
3.	consumer			Ice Cream and Soft Drinks category growth declines in the main seasonal quarter of March – June. No significant material impact for HUL due to low size of Ice Cream business.
4.	RETAIL			FDI IN MULTI-BRAND RETAIL Likely TO BEGIN WITH SIX CITIES
CYCLICALS
1.	Steel			World crude steel production for May 2011 up by 4.2% yoy to 129.87 mn tones
2.	Aluminium			World aluminium production for May 2011 up by 6.7% yoy to 3.71 mn tones
DEFENSIVES
1.	glenmark pharma	gnp in	neutral	receives US FDA approval for Norgestimate and Ethinyl Estradiol tablets, fourth approval in the oral contraceptive space
2.	jubilant lifesciences	jol in	neutral	Jubilant LifeSciences  and Endo Pharma announce late stage discovery milestone in oncology program
3.	pharma sector	-	-	us fda approves levofloxacin , aurobindo, dr reddy’s, glenmark, lupin, torrent and wockhardt amongst indian players get approval, crowded market product
4.	Telecom	NA	NA	GSM subscriber numbers for the month of May 2011: Slower rate of additions on account of seasonality and sluggish performance of new operators.
FINANCIALS
1.	economy	cpi		CPI for May’11 rise by 0.9% MoM
2.	economy	fdi		FDI for April’11 jumps to US$ 3.1bn, highest in 19-months
3.	us economy			Macro for Markets: No Growth Rebound Yet; Core Inflation Up
4.				trader comments

 

 

 

 

 

 

 

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