Showing posts with label State Bank of India. Show all posts
Showing posts with label State Bank of India. 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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12 August, 2013

Market Pulse - 12 Aug, 2013

Market Pulse 12 Aug 2013
Markets closed higher on a positive note, amid volatile trading session, after RBI (Reserve Bank of India) announced more measures to support the local currency. The S&P BSE Sensex gained today by 157.64 points or 0.84% to 18,946.98. It had touched intraday high of 19,066.97. The CNX Nifty index rose up by 46.75 points or 0.84% to 5,612.40.

Among sectorally indices, Metal index gained the list up by 4.52%, followed by FMCG up by 2.30%, Healthcare gained up by 2% and Capital Goods index rose up by 1.95%. Consumer Durables and Auto indices were other gainers on the board, while Bankex and Oil & Gas indices declined. The broader market closed firm with Mid-cap and Small-cap index gaining by 1.50%.

Among index gainers were, Sun Pharma gaining up by 6.60%, Tata Steel and Jindal Steel rose up by 8.3% and 9.4% respectively, Hero MotoCorp gained up by 3% while HDFC gained up by 3.2%. ITC, Infosys, Sterlite Industries, Hindustan Unilever and Bajaj Auto were among the other gainers.

Among index losers were, SBI declining 3.4%, TCS dropped 1.2%, Tata Power fell 3.2% while Reliance Industries dropped over 2%.

Indian Rupee pared off its intra-day gains after the Finance Minister failed to provide details of measures to protect rupee. The Rupee closed at 61.2750/2850 a dollar from Friday's close of 60.88 at the Interbank Foreign Exchange Market.

State Bank of India (SBI) slipped by 3.70% after the bank reported a drop in net profit by 13.60% to Rs 3,241 crore for the quarter ended on June 2013. Its gross non-performing assets (NPA) ratio rose to 5.56% from 4.75% in the preceding quarter and 4.99% in the year-ago period.

The overall market breadth was positive with 1,366 stocks advanced as compared to 763 stocks declined.

23 May, 2013

Market Pulse - 23 May, 2013

Thu, May 23, 2013 at 16:00 PM
Markets ended lower, amid L&T.
Markets opened weak in the morning and continued to slide down and closed towards days low due to sellings in index weighs, State Bank of India, Larsen & Toubro and Reliance Industries Limited. Sensex ended down by 387.91 points or 1.93% at 19,674.33 after opening weak down by 90.87 points or 0.45% at 19,971.37 and touched a high of 20,027.56 and a low of 19,634.79 while Nifty closed down by 127.45 points or 2.09% at 5,967.05 after down by 44.10 points or 0.72% at 6,050.40 and touched a high of 6,081.45 and a low of 5,955.70 in the day.

Sectoral wise, all indices closed negative with Realty and Capital Goods index leading the list, crashed by 5.95% and 5.19%, followed by indices were Power down by 3.96%, Bankex, PSU, Oil & Gas and Consumer Durables declined between 3%-2%, Metal, Auto and Healthcare indices declined between 2%-1%, FMCG and IT down by 0.90% and 0.64%. In broader markets too ended negative, Mid-cap index declined down by 1.99% and Small-cap index fell by 2.20%.

Major stock gainers were, HDFC and Sun Pharmaceuticals were only index gainers for the day gaining up by 0.53% and 0.46%.

Major stock losers were, State Bank of India slipped by 7.96%, Larsen & Toubro shed 6.49%, Jindal Steel & Power Limited declined by 4.05%, Reliance Industries Limited, NTPC, BHEL, Bharti Airtel Limited, Mahindra & Mahindra and ICICI Bank Limited declined between 4%-3%, Tata Power Company, Sterlite Industries Limited, Maruti Suzuki, Tata Steel Limited and Bajaj Auto fell between 3%-2%, Wipro Limited, Hindalco Industries, Infosys and ITC fell between 2%-1%, HDFC Bank Limited, Coal India Limited and ONGC down between 1%-0.40%, Dr Reddys Laboratories and Tata Motors Limited down by 0.27% each, Hero Motocorp and Tata Consultancy Services declined by 0.10% each, while Cipla Limited and Hindustan Unilever ended marginally lower by 0.06% and 0.01%.

State Bank of India slipped down by 7.96%, after company reported a fall of 18.5% in net profit for the quarter ended March 2013 at Rs 3,299 crore as compared to Rs 4,050 for the same period previous year, due to higher provosions and decline in net interest income. 

BHEL fell by 3.74%, after company announced fell in net profit by 6.04% at Rs 6,614.73 crore for the year ended March 2013 as compared to Rs 7,039.96 crore for the same period previous year.

Overall market breadth was firm negative with 1,737 shares declined compared to 592 shares advanced while 117 shares remained unchanged.

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

14 February, 2013

Market Pulse -14 Feb, 2013


Thu, Feb 14, 2013 at 17:30 PM
Markets closed lower
Markets closed lower, after opening flat in the morning, amid profit booking in Financial, Auto and index heavy-weight Reliance Industries. Sensex closed down by 110.90 points or 0.57% at 19,497.18 after touching day's high of 19,639.83 and low of 19,444.33, while Nifty ended down by 36 points or 0.61% at 5,896.95 after touching day's high of 5,940.20 and low of 5,884.55 for the day.

Sector wise, barring FMCG and IT index all other indices ended lower. FMCG closed up by 0.44% and IT ended up by 0.27%. Capital Goods declined by 2.27%, Oil & Gas fell by 1.59%, Auto down by 1.49%, Power, Real-Estate, Consumer Durables and Healthcare indices closed down between 1.25-1.11%, PSU ended down by 0.71%, Bank down by 0.65%, while Metal almost ended flat tad up by 0.04%. In broader market, both Mid-cap and Small-capindex ended down by 1.43% and 1.86% each.

Major stock gainers were, Hindustan Unilever Limited gained by 2.24%, Gail (India) up by 1.97%, HDFC Bank Limited gaining by 1.65%, Tata Steel Limited gained up by 1.17%, Tata Consultancy Services gained up by 1.15%, Coal India Limited gaining up by 0.92%, Infosys up by 0.85%, Tata Power up by 0.80%, NTPC gaining by 0.78%, Sun Pharmaceuticals up by 0.46%, Mahindra & Mahindra up by 0.28%, ITC gaining up by 0.12%, while Hindalco Industries and Jindal Steel tad up by 0.09%.

Major stock loser were, Bharti Airtel drowned by 4.02%, Wipro Limited down by 3.33%, Maruti Suzuki fell by 3.30%, Larsen & Tourbo down by 2.72%, Reliance Industires declining by 2.63%, Tata Motors down by 2.59%, State Bank of India and ICICI Bank fell by 1.80% and 1.64%, Cipla Limited and Dr Reddy's Laboratories declining by 1.57%-1.44% respectively, Hero Motocorp down by 1.44%, Sterlite Industries fell by 1.11%, BHEL, Bajaj Auto and ONGC declining by 0.80%-0.60% respectively, while HDFC tad down by 0.06%.

Bharti Airtel top index loser, drowned 4.02%, after reports that government has demanded additional revenue share for spectrum usage.

Wipro slipped down by 3.30%, after National Stock Exchange of India decided to exclude these company from its benchmark index Nifty from 1st April 2013.

State Bank of India dropped by almost 2%, after posting a marginal 4% rise in net profit Y-O-Y for third quarter ended December 2012 at Rs 3,396 crore, compared a year earlier.

Reliance Industries Limited declining by 2.63%, after company said that it is not obliged to provide full access to documents relating to years that are not under audit to CAG.

Overall market breadth was negative with 1,501 shares declining compared to 656 shares advancing, while 804 shares were unchanged.

Thu, Feb 14, 2013 at 13:00 PM
Markets trading lower
Markets trading lower, after opening flat in the morning, amid State Bank of India posted weaker-than-expected third quarter result. Sensex declined by 28.36 points or 0.15% at 19,579.72, after touching day's high of 19,639.83, while Nifty fell by 18.15 points or 0.31% at 5,914.80, after touching day's high of 5,940.20.

India's WPI inflation eased to 6.62 percent as to estimated 7 percent in January.

Sector wise, IT gained by 0.52%, Metal up by 0.29%, FMCG gained by 0.18%, while Auto dropped by 1.52%, Capital Goods fell by 1.30%, Consumer Durables and Power down by 1.04%-1.02% each, Healthcare, Real-Estate, Oil & Gas and Banks fell between 0.80-0.14% respectively. In broader markets, both indices traded negative with Mid-caps down by 1.12% and Small-caps falling by 1.41%.

Major stock movers were, HUL gained by 2.4%, GAIL rised by 1.3%, TCS and Infosys gaining by 1.3% and 1% respectively, Tata Steel up by 0.6%, HDFC Bank gained by 1%. While Bharti Airtel down by 3.7%, Wipro felling by 3%, Maruti Suzuki dropped by 2.6%, State Bank of India fell by 1%, Bajaj Auto down by 1%, HUL down by 0.7% and BHEL fell by 0.4% respectively.

State Bank of India fell by 1%, after it reported a 4% increase in net profit at Rs 3,396 crore for the quarter ended December 2012. It was Rs 3,263 crore in December 2011. The gross NPA for the quarter under review was 5.30% as against 5.15% in September 2012.

Sahara Housingfinance Corporation fell by about 15%, after the market regulator Sebi froze bank accounts of Sahara Group companies yesterday.

Overall market breadth is negative, of 2,672 shares traded, 1,851 shares declined compared to 697 shares advanced.


Thu, Feb 14, 2013 at 09:45 AM
Markets open flat
Markets opened on a flat note, as Investors would watch out for January WPI data scheduled for later today, which is likely to decide the stance of RBI's monetary policy on March 19. Also, third quarter the earnings of companies like SBI and DLF to be announced later today. Sensex has opened up 18 points or 0.10%, at 19626.81 is now at 19,611.92 up by 3.84 points or 0.02%, while Nifty opened up by 0.25 points at 5,933.20 is now up by 0.3 points at 5933.25

Sectoral wise, Auto index down by 1.02%, followed were Healthcare and Consumer Durables fell by 0.55-0.51%, Capital Goods, Power and Bank down between 0.32-0.01% respectively. Whereas IT index gained by 0.58%, Oil & Gas and PSU indices gained by 0.34-0.33% each, FMCF and Real-Estate tad up by 0.10-0.05%, while Metal index remain unchanged.

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