The equity market went in a tailspin in October 2008 and lost as much as 40% in a matter of a few weeks at one point of time, before recovering part of the loss after a change in the mood in the Muhurat trading session. Though extremely high volatility can be a torrid experience, it is actually an opportunity for investors looking at gradually building their investment portfolio. It is only in times of extreme panic and pessimism that some …

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Recommendation: Buy

Current price: Rs 110 (at the time of publishing this tip)

Price target: Rs 275

Key points:

In Q2-FY2009, net income of Genus Power Infrastructures Ltd from operations grew by 18.6% to Rs 119.5 crore. The revenue growth was slower during the quarter due to slower-than-expected execution of project orders. The sales are expected to pick up in Q3-FY2009 on the back of faster execution by the company.
The operating profit of the company was up by 29.9% to Rs 22.2 crore resulting …

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Recommendation: Buy

Current price: Rs 452 (at the time of publishing this tip)

Price target: Rs 587

Key points:

Punjab National Bank has reported a PAT of Rs 707.1 crore for Q2-FY2009, indicating a growth of 31.3% during the quarter. The net interest income for the quarter was Rs 1,712.3 crore, up 32.6% yoy. This growth was primarily driven by a healthy growth in the advances and an expansion in the margin.
The bank has announced a 50-basis-point cut in its prime lending rate (effective immediately) …

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Recommendation: Buy

Current price: Rs 618 (at the time of publishing this tip)

Price target: Rs 1,061

Key points:

The consolidated revenues of Aditya Birla Nuvo increased by 28.6% yoy to Rs 3,594.1 crore in Q2-FY2009. The operating profit margin declined by 499 basis points to 4.9% primarily due to the losses in the insurance, garment and BPO businesses. Margin pressure in the major business segments further deteriorated the overall operating profit margin. Consequently, the operating profit declined by 36.6% despite a strong revenue …

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Recommendation: Buy

Current price: Rs 307 (at the time of publishing this tip)

Price target: Rs 482

Key points:

Shiv-Vani Oil and Gas Exploration Services is considered as the country’s largest onshore oilfield service provider, thanks to its integrated business model. Its top line for Q2-FY2009 grew by 92.4% yoy to Rs 187.2 crore. The operating profit margin improved by 170 basis points to 39.3% on account of better realisations and improved efficiencies. Consequently, the operating profit grew by 101% to Rs 73.7 crore.
The results …

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Presenting the unique investment avenue which utilizes the prosperity of the most trusted & reliable precious commodity, GOLD, and the power of making quick bucks, EQUITY - to give you combined benefits derived out of these two stalwarts…

With UTI Wealth Builder Fund - Series II, our core purpose lies in creating low-correlated asset classes that can add to one’s portfolios the benefits of asset allocation. The fund will thus bring an amalgamation of two “counter cyclical” asset classes i.e an asset allocation …

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