Month: July 2014

Most midcaps are trading below their 2008 highs and they make a good case for  allocation over pure large caps. Following are technical recommendations from HDFC Securities on stocks which have the potential to turn into multibaggers in the long-term period. IDBI Target price Rs 230 Upside: 152 % Jain Irrigation Target price Rs 252  Upside: 140 % Crompton Greaves Target price Rs 400  Upside 122% Adani Enterprises Target price  Rs 766 Upside 80%

After rallying over 24 %  so far in the year 2014, the Indian markets are now taking a breather. According to most analysts, the hope-based rally is largely over and the markets are likely to consolidate in the near term, but the broader trend for the market largely remains on the upside. We have collated a list of stocks and sectors where global brokerage firms are betting on: (Source: ET) Goldman Sachs -  The brokerage house recommends stocks with strong earnings potential and better earnings visibility such as TCS, HCL Technologies, ICICI Bank, IndusInd Bank, Power Grid and L&T. It has maintained its  overweight stance on sectors such as banks and industrials. Deutsche Bank - continue to reiterate overweight on domestic cyclical. With slowdown in decision ma...

Kotak Mahindra Bank has agreed to buy a 15 % stake in Multi Commodity Exchange of India (MCX ) from Financial Technologies (India) Ltd (FTIL) for Rs 459 crore.  the deal.  The deal values MCX at Rs 3060 crore (Rs 601/sh) whereas the stock closed at Rs 786.25 on Friday. It seems that deal is done at discount, but note that prices are increased only in this month. It was hovering around Rs 600 for quite some time. Kotak Bank has shown this interest, they send a non binding bid in April, it was at Rs 550. FTIL originally held 26 % in MCX and had to divest its stake as it was deemed not ‘fit and proper’ by Forward Markets Commission (FMC), owing to the Rs 5,600-crore NSEL fiasco. FTIL said that it would continue with its divestment process to sell the remaining 5% subject to the receipt ...

In a chat with ET Now, Pankaj Pandey, HoR, ICICIdirect.com, shares his views on top stock ideas.  Over the next 1 year or probably six quarters, we would like to believe that lot of stocks can give those kind of returns. So these are the kind of names we would believe that can give returns upwards of 30 % over  the next five to six quarters.   The seven stocks that  can give these returns are :    JK Cement Oil India, GAIL Taj GVK  Greaves Cotton Mahindra CIE Mahindra Lifespace.

HSBC has initiated coverage of Indian agricultural sector with following stocks Kaveri Seed Company  - seed supplier   (overweight' ratings) PI Industries Ltd  -  agrochemical firm   (overweight' ratings) HSBC cited their "growth profiles, favourable sector trends and attractive valuations HSBC said projections for country's food demand could see agricultural yields improving by 1.7 per cent annually, making companies in this segment "stronger gainers in coming years."  The investment bank also initiated UPL limited with an "overweight" rating, calling the company "India's only genuine play on global crop protection." But HSBC initiated Rallis India Ltd with a "netural" rating, saying a recent rally has made valuations rich.

On July 15, 2014. Rakesh Radheyshyam Jhunjhunwala bought 4,90,000 shares of Multi Commodity Exchange of India at Rs 734.49 on the BSE. Total deal worth approx Rs 36 crores Last week, he bought 10 Lakh shares of MCX @ Rs 664 . Read news   Also Read – Rakesh Jhunjhunwala Latest Portfolio Holdings – July 2014 In the previous trading session, the share closed at Rs 769.00, up Rs 62.25, or 8.81 percent. It has touched a 52-week high of Rs 783.40. The company's trailing 12-month (TTM) EPS was at Rs 29.95 per share. (Mar, 2014). The stock's price-to-earnings (P/E) ratio was 25.68. The latest book value of the company is Rs 256.77 per share. At current value, the price-to-book value of the company was 2.99. The dividend yield of the company was 3.12 percent.