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Blockmaster14-01-2015 09:44:10
Dr. Datson’s Labs: Heshika Growth Fund sells 665,019 shrs: NSE Lloyd Electric and Engineering: Zenith Impex Pvt. sold 2.13m shrs; Orange Mauritius Investments bought 2m shrs: BSE Marico: Oppenheimer Developing Mkts sells 10.8m shrs: NSE Sterling Holiday Resorts: India Discovery Fund sold 1.5m shrs: BSE
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Globalgyaan14-01-2015 09:40:27
Some multiples are also better than others for comparing performance. Ubiquitous as the P/E ratio is, it is distorted in its traditional form by differences in capital structure and other non-operating items. For example, as Exhibit 1 illustrates, when one company is financed partially with debt and the other is financed only with equity, the one with higher debt will have a lower P/E ratio, all else being equal, even though they have the same ratio of enterprise value to earnings. As a result, most sophisticated investors and bankers compare companies relative to peers using an enterprise-value multiple1 —usually either EV/EBITA or EV/EBITDA.2 Such multiples are preferable because they are not burdened with the distortions that affect earnings ratios.
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Globalgyaan14-01-2015 09:38:46
The trouble with multiples: Many executives who worry that their multiples are too low are simply comparing their company with the wrong set of peers.In one case, we found that executives were comparing their company’s earnings multiple with those for a set of companies in a faster-growing segment of the market than their own. While the company aspired to shift more activity to this segment, its current level of activity was generating less than 10 percent of its revenues at the time of the analysis. Because investors evaluate companies based on what they are, rather than what they aspire to be, the multiples analysis was flawed. The only relevant comparable companies, for the purposes of multiples analysis, are those that compete in the same markets, are subject to the same set of macroeconomic forces, and have similar growth and returns on capital.
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Nirav D13-01-2015 20:52:51
MSCI quarterly rebalancing announcement on February 11, 2015. Some stocks could get hit.
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Kalpit09-01-2015 07:32:29
CLSA on Adani Ports : 1 year target at ₹375; 4 year target at ₹551 CLSA on Adani Ports : See PAT doubling over FY14 - 17 on expanding market share CLSA on Adani Ports : Talks of cut in MAT to 7.5% is positive for the company CLSA on Telecom : Upgrade RCom to Underperform from Sell, cut target to ₹85 from ₹101 CLSA on Telecom : Cut Idea target to ₹173 from ₹181, maintain Underperform CLSA on Telecom : Maintain Bharti Airtel as High Conviction Buy, Target ₹485 CLSA on Telecom : Raise Bharti Infratel target to ₹422 from ₹319 CLSA on Telecom : February 2015 auction will end re-farming and renewals CLSA on Telecom : Bharti Airtel and Bharti Infratel our top sector picks
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Kalpit09-01-2015 07:31:42
CLSA on Adani Ports : 1 year target at ₹375; 4 year target at ₹551 CLSA on Adani Ports : See PAT doubling over FY14 - 17 on expanding market share CLSA on Adani Ports : Talks of cut in MAT to 7.5% is positive for the company CLSA on Telecom : Upgrade RCom to Underperform from Sell, cut target to ₹85 from ₹101 CLSA on Telecom : Cut Idea target to ₹173 from ₹181, maintain Underperform CLSA on Telecom : Maintain Bharti Airtel as High Conviction Buy, Target ₹485 CLSA on Telecom : Raise Bharti Infratel target to ₹422 from ₹319 CLSA on Telecom : February 2015 auction will end re-farming and renewals CLSA on Telecom : Bharti Airtel and Bharti Infratel our top sector picks
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Futureman07-01-2015 17:50:52
Lot of Short Covering seen today in Havells, Reliance, IOCL, BPCL, DABUR, Colgate, NTPC,
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Supersurfer06-01-2015 09:23:18
Hindalco, sales surged from `8,223 crore in FY04 to `87,228 crore in FY14; but, the stock has gained only 25% in the period. ET says Companies such as Future Retail, Tata Steel, Ranbaxy , Hindalco, Reliance Infrastructure, Videocon Industries, Jubilant LifeSciences, JP Associates, IDBI Bank and HCL Infosystems have given returns ranging from 34% to 25% in the last 10 years. Best performing stock of the lot rose just 2% annually despite sales growing multi-fold.
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NARREN05-01-2015 15:32:32
Consumer stocks have lost favour with investors since growth began slowing from FY13. Analysts now believe demand has largely stabilised with volume growth settling in single digits for consumer staples
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Rarespecies03-01-2015 10:44:38
Lessons from Rakesh Jhunjhunwala - by an ex-employee. I dont know his name so didnt add here. Investing principles are simple, but following them is not easy. We have to get used to being uncomfortable –and master the self-preservation instincts of the rational mind. “We cannot rely on receiving wisdom, rather, we need to discover it for ourselves” through a journey no one else can take on our behalf. Rakesh Jhunjhunwala is a great real-life example of how to do this.
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Rarespecies03-01-2015 10:43:16
Lessons from Rakesh Jhunjhunwala Its not just about buying right. Investors need courage to take meaningful positions and patience to hold over long periods of time 2. How an investment firm handles mistakes is critical to its success 3. You can't create wealth with borrowed knowledge
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Kanika Nanda02-01-2015 16:04:03
Dev Anand, Managing Director, Sundev Appliances, said, “Kelvinator is well-known across the country, especially in tier 2 and tier 3 cities. It’s known for its durability and has strong brand loyalty. The company started with the launch of air coolers and fans early this year and we are seeing a good response.”
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Kanika Nanda02-01-2015 16:03:02
Maharaja Whiteline which was launched in the 1970s. It quickly became a hit with Indian consumers, especially for kitchen appliances such as mixers and grinders, among others. Cut to 2014: Even after the leading global home appliances company Groupe SEB took full control of the company earlier this year, it has decided to continue with the brand Maharaja Whiteline. Similarly, Sundev Appliances hopes to bank on brand Kelvinator in the small appliance business
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Rarespecies01-01-2015 09:23:15
Jhunjhunwala is bullish on: Titan Company, United Spirits and Lupin. Jhunjhunwala sees tremendous potential in MCX and Crisil Ltd, Housing Finance Companies, Rallis India
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Editor - IIFL31-12-2014 08:44:54
On the last day of the year, would you look at buying this stock?
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Editor - IIFL30-12-2014 17:18:24
Did you make money in 2014? Will you buy this stock in 2015?
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Rollingstones26-12-2014 18:54:34
Strong rollovers seen in IB Real estate, Karnataka Bank, Glenmark, Jubilant food, Adani Power, Dish Tv, Aditya Birla Nuvo, Titan, Syndicate Bank, LIC Hsg Finance, JSW Steel. Weak rolls in PTC, Jindalsteel, BPCL, Bank Nifty, Crompton Greaves, Ambuja Cement, Hind Petro, DLF, Havells, Ultracemco, Hero Motocorp
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Rollingstones26-12-2014 18:51:25
The Nifty index rolled ~2.13cr shares (~66%) into the next contracts. The Nifty contract‐wise rolls were ~11% higher when compared to the average of last five expiries. FIIs long/short rolls in index future stood at 64/24%, lowest over the last one year. The current FIIs index long/short ratio at 7.25x as against 10.5x during the start of December series. January series Nifty 8000 puts options holds the maximum OI of ~3.9mn and on call side 8400 strike has the highest positions. The current formation in index based option suggests market may remain range‐bound or drift lower in the near term.
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Editor - IIFL26-12-2014 18:22:35
December has been a choppy month even though the Sensex and Nifty have clocked smart gains. Mid-cap and Small-cap indices have done even better. In 2014, did you invest more in index stocks or mid-cap or small caps?