INTRADAY TIPS FOR OCTOBER 29-10-2012 MONDAY

SCRIP

ACTION

TRIGGER

TARGET 1

TARGET 2

STOPLOS

ALLCARGO

BUY

131.50

133.25

136.00

130.00

IDFC

BUY

157.00

158.50

160.60

155.50

Monday, January 30, 2012

STOCK VIEW - HDFC, YES BANK ,SHREE CEMENT

HDFC Rs. 689.00 Code : 500010 :
India’s largest housing finance major Housing Development Finance Corporation ‘s (HDFC) net profit grew at a slower pace of 10% year-on-year to Rs 891 crore in the third (October-December) quarter. Total income rose up 35% to Rs 4,473 crore from 3,321 crore a year back. The loan book expanded more than 21% Yo- Y to Rs 1.32 lakh crore while the net interest income (NII) or the difference between interests earned and paid out rose 18% to Rs 1,367 crore. During the quarter interest and other charges shot up 51% y-o-y to Rs 3,012. However, net interest margin (NIM) almost remained unchanged at 4.3%.Gross non-performing loans, according to a company release, stood at 1,109 crore or 0.82% of the loan book as against 0.85% in the same quarter previous year. The stock was on fire in recent rally and has made 52-week high of Rs. 713 on Friday. Buy on every decline for long term.
 
Shree Cement Rs. 2221.00 Code : 500387 : Cement
sector is coming out of slow down now. Q3 results are also saying so. Shree Cement is another example. Its net profit surged 115.3% to Rs 59.19 crore on 61.4% growth in net sales to Rs 1258.56 crore in Q3 December 2011
over Q3 December 2010.The board has also declared an interim dividend of Rs 6 per equity share of the company for the financial year (FY) 2011-12. The date of payment of dividend will be 31 January 2012. Shree Cement is engaged in manufacturing and selling of cement throughout India. The company is also engaged in power sector. The stock has outperformed the market in the past one quarter, surging 20.08% compared to the Sensex’s fall of 0.2%.Despite the glut in the cement industry, Shree Cement, the largest cement player in the North, has placed equipment orders of nearly Rs 700 crore for its kiln unit in Rajasthan, even projects amounting to more than Rs 13,000 crore are running behind schedule. The outlook is looking better. Accumulate.
 
Yes Bank Rs. 313.00 Code : 532648 :
Yes Bank stock had  a very sharp rally in recent days. The bank reported stronger Q3 results last week. Its net profit rose 32.95% to Rs 254.09 crore on 47.19% increase in total income to Rs 1895.49 crore in Q3 December 2011 over Q3 December 2010.Total advances grew by 15.3% to Rs 35867.8 crore as at 31 December 2011 from Rs 31112.2 crore as at 31 December 2010. Customer assets (loans & credit substitutes) grew by 28.1% year-on-year (y-o-y) to RsM 43754.6 crore. Total deposits grew by 19% to Rs 46929.1 crore as at 31 December 2011 from Rs 39452.8 crore as at 31 December 2010. The bank’s total assets grew by 36.1% to Rs 71109.1 crore. Current and Savings Account (CASA) deposits grew by 46.5% to Rs 5,913.5 crore taking the CASA ratio to 12.6%. Its Net interest income (NII) for Q3 December 2011 increased by 32.3% y-o-y to Rs 427.6 crore from Rs 323.2 crore in Q3 December 2010.Net non-performing advances as a proportion of net advances was at 0.04% as at 31 December 2011. Thes stock is near to its 52- week high of Rs. 341. Buy.

2 comments:

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    ReplyDelete