Recommendation: Buy

Current price: Rs 23 (at the time of publishing this tip)

Price target: Rs 45

Key points:

Apollo Tyres has reported a massive plunge in its profitability in the Q2-FY2009 results. The top line has grown by 16.2% to Rs 980.8 crore, which was led by a sales realisation growth of 17.5%, however volumes declined by 1.3% yoy to 66,202 tonnes. The operating profit margin slumped to 5.1% as against 12.8% last year on the back of higher raw material prices, especially …

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Recommendation: Buy

Current price: Rs 256 (at the time of publishing this tip)

Price target: Rs 564

Key points:

Thermax’ quarterly results were marred by a huge forex loss of Rs 37.4 crore. Its top line growth too was lower than expected during the quarter. The company reported just its stand-alone numbers for Q2-FY2009 on account of certain changes in the regulations of the Securities and Exchange Board of India. The stand-alone top line of Thermax grew by just 4.4% to Rs 804.1 crore …

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Recommendation: Hold

Current price: Rs 316 (at the time of publishing this tip)

Price target: Rs 965

Key points:

ICICI Bank has reported a bottom line of Rs 1,014.2 crore for Q2-FY2009, marginally below expectation mainly because of a lower-than-expected growth in advances during the quarter. The net interest income of the bank registered a growth of 20.2% yoy. The calculated net interest margin expanded by 32 basis points yoy and by ten basis points sequentially to 2.21%.
The non-interest income saw decline of 9.4% yoy. Notably, …

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I wish a very Happy & Prosperous Diwali to all my readers & friends…

The festival of Diwali symbolizes winning of good over the bad… Win of God over the Devil… Prosperity & progress everywhere. We Indians (everywhere in the world) celebrate this festival by lighting lot of diyas all across our homes. It is said that diyas (i.e. fire) entices the Goddess Lakshmi (the Goddess of Money).

I am fully aware of the trauma most of the investers, including me, are …

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In its half-yearly review of the monetary policy, the Reserve Bank of India has maintained a status quo on the key rates in light of the various monetary easing measures already announced in the past few weeks. Though the central bank has expressed concerns over the slowing economic growth and emphasised the need to maintain financial stability, but the double-digit inflation remains a “critical policy concern” for the RBI.

Policy highlights:

The repo rate and reverse repo rate have been left unchanged …

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Recommendation: Buy

Current price: Rs 1,100 (at the time of publishing this tip)

Price target: Rs 1,546

Key points:

The Q2-FY2009 results of Bharat Heavy Electricals Ltd (BHEL) were a mixed bag. The revenues of the company grew by 34.7% to Rs 5,342.6 crore during the quarter led by a strong 33.4% growth in the power segment revenues. The industry business has reported a 20.4% growth in its revenues to Rs 1,496.1 crore. A favorable exchange rate movement also contributed positively (about 7-8%) to …

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The global financial crisis assumed unprecedented proportions over the last few weeks. Governments across the world had to intervene and bail out many large and leading financial institutions, and the
entire financial system was on the brink of collapse in the USA and Europe. Not surprisingly, the equity markets globally have turned extremely edgy. The ruthless carnage has taken our markets to the 10,000 levels—that’s a correction of over 50% from the highs of 21,000 in January 2008. Clearly, these are …

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