Showing posts with label ICICI Bank. Show all posts
Showing posts with label ICICI Bank. Show all posts

09 November, 2015

Samvat 2072 top pick stocks

Samvat 2072 top pick stocks

Samvat 2072 top pick stocks


Samvat 2072 is just around the corner. Here is the compilation of the top picks given by the top broking houses across the country have been highlighted with holding period of minimum 1 year or more.

Samvat 2071 being a subdued year as contrary to anticipation of huge rally for the markets failed to bring cheer to investors. Even though after hitting life highs market pared most of the gains as the year progressed.

However, experts are maintaining a positive view on the markets. Encouraging macro-economic cues such as low interest rates, low inflation and cheap global commodities are expected to be main reason. Thus, this might improve performance of the corporates earnings in the following 12-24 months.



Sharekhan
1) Bajaj Finance
2) Bharat Electronics
3) Britannia Industries
4) Cadila Healthcare
5) Larsen & Toubro Limited
6) Maruti Suzuki


Angel Broking
1) Ashok Leyland
2) HCL Tech
3) Larsen & Toubro Limited
4) Axis Bank Limited
5) Amara Raja Batteries


Edelweiss
1) Cholamandalam Finance
2) NIIT Limited
3) Tata Motors Limited
4) SRF Ltd
5) Strides Arcolab


Prabhudas Liladhar
1) Infosys
2) HDFC Bank
3) State Bank of India
4) Tata Motors Limited
5) JK Laxmi Cement


Kotak Securities
1) Maruti Suzuki
2) Sun Pharma
3) Infosys
4) ICICI Bank Limited
5) Dabur India


Motilal Oswal Securities
1) Sintex
2) Inox Wind
3) Dewan Housing




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06 May, 2013

Banks recover Rs 1,000 crore by selling assets of Kingfisher Airlines: SBI

State Bank of India (SBI) today said the consortium of lenders has recovered Rs 800-1,000 crore and is making all efforts to recover the remaining dues from beleaguered Kingfisher Airlines.

"KFA recoveries are going on. We have substantial amount of recoveries. Total recoveries for banks more than Rs 800-1000 crore," SBI (State Bank of India) Chairman Pratip Chaudhuri said here.

The consortium of 17 banks, led by SBI, has an outstanding of over Rs 7,000 crore from the carrier. It has shares of listed entities like United Spirits as collateral's which should realize Rs 500 crore. That apart, lenders have the brand Kingfisher as a security.

Additionally, the consortium has a residual right over the securities held by SREI Infrastructure Finance, which comes to Rs 500 crore, which was bought by SREI from ICICI Bank in April last year.

SBI (State Bank of India) has the maximum exposure, over Rs 1,600 crore in the Vijay Mallya-led airline, followed by PNB (Punjab National Bank) (with Rs 800 crore, IDBI at Rs 800 crore, Bank of India at Rs 650 crore and Bank of Baroda has Rs 550 crore.

Chaudhuri said the consortium is making all efforts to recover the remaining debt given to the King Fisher Airlines.

"We are making all efforts. We have treated this loan 100 per cent provided for. It does not mean that we are not going after assets," he said.

"We are going after all assets. The companies shareholding, the companies real estate, the personal assets, all are targeted," he added.

Source : The Economic Times

26 April, 2013

Market Pulse - 26 Apr, 2013

Fri, Apr 26, 2013 at 17:30 PM
Markets ended negative, snaps 4 day gains.
Markets after opening flat to negative in the morning remain subdued throughout the session on profit booking in index heavy-weights and rate sensitive sectors. Also investors remained side-lined ahesd of the RBI's monetary policy meet scheduled next week. Sensex ended down by 120.13 points or 0.62% at 19,286.72 after opening negatively down by 30.85 points or 0.16% at 19,376 and touching a high of 19,384.95 and a low of 19,249.75, while Nifty closed down by 44.85 points or 0.76% at 5,871.45 after opening down by 16.55 points or 0.28% at 5,899.75 and stroked a high of 5,907.05 and a low of 5,860.50 in the day.

Sectoral wise, barring Auto and Capital Goods indices which managed closed positively up by 0.84% and 0.29% all other indices closed negative with Realty index leading the list, dropped by 2.20%, Oil & Gas, IT, Bankex, Metal and Power closed down between 2%-1% respectively, PSU, FMCG and Healthcare fell by 0.80% each, while Consumer Durables tad down by 0.09%. Whereas in broader markets, both the indices Mid-cap and Small-cap closed negatively down by 0.64% and 0.54% respectively.

Major stock gainers were, Maruti Suzuki spurted up by 5.26%, Bharti Airtel surged up by 4.55%, Bajaj Auto gained up by 3.09%, Gail (India), Larsen & Toubro, HDFC and Tata Motors Limited gained between 2%-1% each, Hindalco Industries up by 0.81%, Cipla Limited up by 0.70%, Coal India Limited advanced up by 0.65% and Tata Power Company up by 0.26%.

Major stock losers were, Jindal Steel & Power Company dropped by 4.29%, Reliance Industries Limited fell by 3.19%, ICICI Bank Limited, Hindustan Unilever, Tata Steel Limited, Tata Consultancy Services and Mahindra & Mahindra declined between 3%-2% respectively, Sun Pharmaceuticals, BHEL, State Bank of India, Wipro Limited and Hero Motocrop dropped between 2%-1%, Sterlite Industries, Infosys and ONGC fell between 1%-0.50%, ITC down by 0.37%, NTPC down by 0.23% while Dr Reddys Laboratories and HDFC Bank Limited tad down by 0.13% and 0.03% respectively.

Jindal Steel and Power Limited slipped by 4.29%, after reporting 35% fall in its consolidated net profit at Rs 753 crore year on year (yoy) for the quarter ended on March 2013, duw to higher interest burden and lower sales.

LIC Housing Finance Limited spurted up by 6.31%, after reporting growth in net profit of Rs 316 crore an increase of 24% year on year (yoy) for the quarter ended on March 2013.

ICICI Bank Limited dropped by 2.82% ahead of RBI's policy meet, reported an increase of 21% in net profit at Rs 2,304 crore for the quarter ended March 2013 as compared to Rs 1,902 crore previous year in the same period, and net interest income increased by 22% to Rs 3,803 crore from Rs 3,105 crore.

Overall market breadth was firm negative with 1,356 shares declined compared to 949 shares advanced while 136 shares remained unchanged.

25 April, 2013

Market Pulse - 25 Apr, 2013

Thu, Apr 25, 2013 at 17:30 PM
Markets closed higher, amid buying in rate sensitive sectors.
Markets after opening flat to positve in the morning and volatile trading session throughout the sessions ended higher amid buying in rate sensitive shares after the fall in food inflation figures raising the hopes of rate cut by the RBI (Reserve Bank of India) in upcoming policy meet. Sensex closed positively up by 227.49 points or 1.19% at 19,406.85 after opening marginally up by 12.75 points or 0.07% at 19,192.11 and touching a high of 19,434.85 and a low of 19,192.11, while Nifty closed up by 79.40 points or 1.36% at 5,916.30 after opening up by 19.20 points or 0.33% at 5,856.10 and stroked a high of 5,924.60 and a low of 5,853.30 in the day.

Sectoral wise, IT index dropped by 1.65%, Realty and Consumer Durables fell by 0.64% and 0.48%, Auto and Healthcare indices surged up by 2.79% and 2.04% each, Oil & Gas, Metal, Bankex, Power and PSU indices gained up between 2%-1% each, Capital Goods gained up by 0.85% and FMCg up by 0.58%. While in broader markets, Mid-cap index gained up by 0.50% while Small-cap index tad up by 0.09%.

Major stock gainers were, Dr. Reddys Laboratories spurted up by 4.72%, followed by Gail (India), Tata Motor Limited and NTPC up by 4.25%, 4.21% and 4.06%, Maruti Suzuki, Hero Motocorp gained up between 4%-3%, Mahindra & Mahindra, Sterlite Industries, Sun Pharmaceuticals, Cipla Limited and HDFC gained between 3%-2% each, Reliance Industries Limited, State Bank of India, Hindalco industries, BHEL, Bajaj Auto, Coal India, Bharti Airtel Limited, ICICI Bank Limited, Tata Steel Limited and Larsen & Toubro aadvanced up between 2%-1% each while ITC up by 0.87%.

Major stock losers were, Wipro Limited dropped by 2.20%, Tata Consultancy Services down by 1.92%, Infosys fell by 1.55%, Hindustan Unilever down by 0.34%, while ONGC, Tata Power Company, JIndal Steel & Power Limited and HDFC Bank Limited were tad down between 0.10%-0.01% respectively.

Dr Reddys Laboratories surged up by 4.72% as stock outperforming the market by gaining 13% over past month after the company settled its claim against Nordion Inc (formerly MDS Inc.) based in Ottawa, for a cash payment of $22.5 million by Nordion to Dr Reddys Laboratories, in a case pending in a district court of New Jersey in the US.

Overall market breadth was positive with 1,221 shares advanced compared to 1,158 shares declined while 133 shares remained unchanged.

15 March, 2013

Market Pulse - 15 Mar, 2013


Fri, Mar 15, 2013 at 16:30 PM
Markets closed lower, amid profit booking in index heavy weight.
Markets closed lower after opening firm in the morning, amid profit booking in index heavy weights ans rate sensitive sector shares. Weak global cues also lend a hand dragging markets down. Sensex closed down by 142.88 points or 0.73% at 19,427.56, after opening up by 56.94 points or 0.29% at 19,627.88 and striking a high of 19,673.16 and a low of 19,383.13, while Nifty closed down by 36.35 points or 0.62% at 5,872.60, after opening up by 21.85 points or 0.37% at 5,930.80 and touching a high of 5,914.90 and a low of 5,816.00 in the day.

Sectoral wise, barring Consumer Durables index spurted up by 2.49% and IT index ended up by 0.25%, all other indices closed negative. Real-Estate index led the list of losers by dropping down by 2.81% followed by Bank and Oil & Gas indices declining by 1.67% and 1.18% each, Auto fell by 0.80%, Capital Goods and Metal down by 0.59% and 0.56%, PSU declining by 0.40%, Power fell by 0.38% and Healthcare tad down by 0.06%, while FMCG index ended the day flat. In broader markets, Mid-cap and Small-cap indices declined in line with index down by 0.62% and 0.84% each.

Major stock gainers were, Mahindra & Mahindra surged up by 1.48%, Tata Power Company gaining up by 1.19%, Hero MotoCorp advanced up by 0.73%, Wipro Limited up by 0.57%, Hindustan Unilever up by 0.49%, Sun Pharmaceuticals and Dr Reddys Laboratories gained up by 0.34%-0.32% each, Infosys up by 0.31%, HDFC and State Bank of India gained up by 0.29%-0.26%, Coal India Limited up by 0.25% and Tata Consultancy Service gained up by 0.19%.

Major stock losers were, ICICI Bank dropped down by 3.93%, Tata Motors declined by 3.27%, Gail (India) fell by 2.60%, Reliance Industries Limited down by 1.96%, HDFC Bank Limited down by 1.67%, Bharti Airtel fell by 1.25%, Larsen & Toubro and Maruti Suzuki fell by 1.09% each, Jindal Steel & Power Limited and Tata Steel Limited fell by 0.92% and 0.77%, NTPC, BHEL, Hindalco Industries, Cipla Limited and ONG declined between 0.70-0.20% each, Sterlite Industries and Bajaj Auto down by 0.15%-0.11% and ITC tad down by 0.05%.

Wipro Limited, Infosys and Tata Consultancy Services and gained up by 0.57, 0.31 and 0.19% on back of encouraging economic data from US. Motilal Oswal, the brokerage firm, believes that Infosys 3QFY13 may be the first quarter of company's growth of a visible momentum and there is further upside movement from the current levels. It has suggested as "buy" call for Infosys.

Siti Cable Network, Den Network, Hathway Cable and Datacom surted up between 4-8% each, as TV broadcasters and multi-system operators (MSOs) are gearing up to meet the deadline for mandatory switching from analogue to digital services in the National Capital Region and another 30-odd cities nationwide.

ICICI Bank dipped down by 3.93% on reports that tha goverment is investigating the allegations of money laundering practices, earlier in noon deal the stock has dipped almost by 5% on back of heavy volumes.

Reliance Industries dropped down by 1.96%, as Kotak Institutional Equities maintains its "reduce" rating in Reliance Industries Limited, stating that investors are over-estimating the impact from a potential gas price hike and the value creation from its capital spending plans.

Overall market breadth was firm negative with 1,754 shares declined compared to 1,114 shares advanced, while 122 shares remained unchanged.

07 March, 2013

Market Pulse - 07 Mar, 2013


Thu, Mar 07, 2013 at 16:30 PM
Markets closed higher.
Markets ended up higher surging in late trades, amid buying in Financial and IT sectors. Sensex closed up by 160.93 points or 0.84% at 19,413.54 after opening down by 30.56 points or 0.16% at 19,222.05 and touched a high of 19,465.52 and a low of 19,212.92, while Nifty ended up by 44.70 points or 0.77% at 5,863.30 after opening down by 17.30 points or 0.30% at 5,801.30 and it clocked a high of 5,878 and a low of 5,801.30 in the day.

Major stock gainers were, Hero MotoCorp spurted up by 4.05%, Tata Consultancy Services gaining up by 2.10%, Larsen & Toubro and Maruti Suzuki gained up by 2.08% and 2.07%, Wipro Limited advanced up by 1.82%, HDFC Bank, Sterlite Industries and Sun Pharmaceuticals gaining up by 1.70% and 1.62% each, ITC up by 1.46%, Infosys and BHEl gained up by 1.29%-1.28%, Cipla Limited gained up by 1.10%, ICICI Bank up by 1.08%, Bajaj Auto up by 1.04%, HDFC gained up by 0.97%, Mahindra & Mahindra gained up by 0.76%, ONGC up by 0.50%, Dr Reddys Laboratories inched up by 0.14%, while State Bank of India and Reliance Industries were tad up by 0.10%.

Major stock losers were, Jindal Steel & Power Limited fell by 2.28%, Hindustan Unilever down by 1.69%, Coal India Limited declined by 1.25%, Tata Motors declining by 1.07%, Tata Steel fell by 0.74%, Hindalco Industries down by 0.64%, Gail (India) down by 0.54%, Bharti Airtel fell by 0.39%, Tata Power down by 0.25%, while NTPC was marginally down by 0.20%.

Lovable Lingerie surged by over 8%, after the company stated that one of its promoter bought additional stake in the company through open market purchase.

Rollatainers ended up by 8%, after the company signed a Joint Venture Agreement with Toyo Machine Manufacturing Company Limited to develop, design, assemble, manufacture, produce industrial machines and spare parts for production packaging and printing machines for all kinds of consumer and industrial products in India and to market, sell and service the products throughout the territory.

DLF gained over by 4%, after company's board approved the issuance of fresh equity shares to reduce the promoter stake in the company, as per SEBI norms of 25% minimum public shareholding.

Elder Pharmaceuticals surged up by almost 5%, after the company said that it will form a joint venture (JV) company with the Japanese cosmetics major, Kose Corporation to manufacture and market cosmetic products for Indian market.

HDFC Bank and ICICI Bank gained by 1.70% and 1.08%, on hopes of credit growth revival after global rating agency Moody's stated that the worst might be over for India in 2014 duw to economic growth bouncing back to 7% and it also pushed the 2013 GDP forecast to 6.20% from 5.10%.

Multi Commodity Exchange of India (MCX) declined by 4%, after the reports that the NYSE Euronext (NYX) will sell its entire stake via block deal today.

Overall market breadth was positive with 1,523 shares advanced compared to 1,307 shares declined, while 131 shares remained unchanged.

Thu, Mar 07, 2013 at 14:30 PM
Markets edge higher.
Markets edged a bit higher, amid buying in IT sector, but investors remained were cautious ahead of the meetings of central banks of Britain and the euro zone for any signs of monetary stimulus to boost growth. Sensex gaining by 54.46 points or 0.28% at 19,307.07, while Nifty up by 12.70 points or 0.22% at 5,831.30.

Sector wise, IT, Real-Estate, Healthcare, FMCG and Capital Goods indices gained, while Metal, Oil & Gas, Bank and Auto indices declined. In broader market, both the indices were tad up by 0.10-0.20% respectively.

Major stock movers were, Hero Motocorp up by 3%, Infosys, Wipro Limited, Tata Consultancy Services gaining between 1-2% respectively, Larsen & Toubro, BHEL and Sun Pharmaceuticals gaining between 1-1.50%, whereas Hindalco Industries, Tata Steel and Jindal Steel & Power Limited were negative and down between 2-3% respectively, Tata Motors, ONGC, Hindustan Unilever, Gail (India), HDFC and Reliance Industries down between 0.70-1.50%.

Overall market breadth is tad negative with 1,378 shares declining compared to 1,223 shares advancing.

Thu, Mar 07, 2013 at 11:30 AM
Markets trading range bound.
Markets continue to trade range bound, amid caution ahead of the meetings of Central Banks of Japan, Britain and Euro Zone for any signs of monetary stimulus to boost growth. Sensex is down by 26.61 points or 0.14% at 19,226, while Nifty down by 11.60 points or 0.20% at 5,807.

Sectoral wise, Capital Goods, IT and Real-Estate gaining between 1-1.50% respectively, while Metal and Oil & Gas; declining by 1% each. In broader market, both the indices were trading flat with positive bias.

Major stock movers were, Larsen & Toubro, Sun Pharmaceuticals, Wipro Limited, BHEL, Hero Motocorp, Cipla Limited, Infosys and Tata Consultancu Services surging between 1-3% respectively, while Tata Steel, Tata Motors, Hindalco Industries, Hindustan Unilever and Jindal Steel & Power Limited were weak and trading between 1-3% respectively.

DLF surged up by 2.10%, after company's board approved the issuance of fresh equity to reduce the promoter holding in the company, as per SEBI norms of 25% minimum public shareholding.

Overall market breadth is tad positive with 1,114 shares advanced, while 1,190 shares declined.

Thu, Mar 07, 2013 at 11:00 AM
Markets trading in a tight range.
Markets trading in a tight range. Sensex is up by 2.61 points 0.01% at 19,255.22, while Nifty is down by 4.90 points or 0.08% at 5,813.70.

Sector wise, IT index is up by 1.36%, Capital Goods up by 0.98%, Real-Estate up by 0.87%, Healthcare, Power and Consumer Durables up between 0.70-0.30% respectively, while Metal index fell by 1.05%, Oil & Gas, Auto, Bank, FMCG and PSU down between 0.50-0.02% respectively.
Overall market breadth is tad positive with 1,195 shares advancing compared to 1,035 shares declining.
Thu, Mar 07, 2013 at 09:30 AM
Markets opens lower.
Markets opened lower with a negative bias as investors booked profits after two day rally, amid caution ahead of the meetings of Central Banks of Japan, Britain and Euro Zone for any signs of monetary stimulus to boost growth. Sensex opened down by 30.56 points or 0.16% at 19,222.05, while Nifty opened down by 17.30 points or 0.30% at 5,801.30.

Sector wise, Auto, Bank, Real-Estate, FMCG and Metal were trading weak, while Healthcare and IT were trading positive. In broader market, both Mid-cap and Small-cap fall down by 0.02% and 0.10% each.

Overall market breadth was firm with 323 shares advanced compared to 225 shares declined.

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