Posts in category All News
Prakash Industries Limited – Resignation of Company Secretary/Compliance Officer (07-09-2015)
Markets to remain volatile in Sept-Nov: Bank of Amercial Merrill Lynch (07-09-2015)
Domestic capital markets are likely to remain volatile in the September-November period due to factors like US Fed’s policy action, second quarter corporate earnings and Bihar state elections, Bank of America Merrill Lynch (BofA-ML) said in a report.
“We continue to see volatility till markets price in three expected event risks: Fed action, earnings turnaround and Bihar polls,” BofA-ML said in the report.
As per the report, the American brokerage firm continues to expect the US Federal Bank to hike interest rates on September 17 on account of improving US data, even as market turmoil would “continue to pose a risk”.
The US Fed will decide if it should raise interest rates from near-zero levels first time in a decade.
It also noted that Indian markets would watch September results “for signs of a turnaround in earnings in October”.
“Our equity strategists expect FY16 earnings to grow 12 per cent from 1 per cent in June,” it added.
The report said that Bihar poll results, which are expected to be out by November, would impact the market’s perception of reforms.
“It is another matter that we think lending rate cuts are far more critical for cyclical recovery at this point than reforms,” BofA-ML observed.
It said that as RBI may cut rates by 25 basis points on September 29 and 50 basis points by early 2016, debt foreign portfolio investors are likely to subscribe the USD 5-6 billion FPI government securities limit hike in full.
Further, it estimated that the RBI can sell about USD 20 billion to defend the rupee level at Rs 65 against the dollar “allowing for some seasonal weakness now”.
What you are buying in this major correction ? PF readjustment! (07-09-2015)
Bought some Hdfc bank Eicher motors gruh finance today.
Waterbase – Can it be Next Avanti Feeds? (07-09-2015)
Hi everyone,
I was looking at the discussion on Business Quality: Calculating the value drivers of a business and wanted to tryout similar thing for Waterbase and the numbers look encouraging.
The way i see it is that the company has now started on a path of creating high ROIC and Economic Profit. It would be interesting if someone could do the same exercise on Avanti Feed so that we can compare these two businesses.
The numbers are from screener.in, if there are any mistakes or changes that need to be made let me know (I am new to equity analysis).
Disc: Hold a few shares at Rs.100 level. Currently trying to increase my confidence in the company.