Tuesday, October 13, 2009

No Diwali cheer for second quarter earnings
Leading Indian brokerages have forecast that net profits for the Sensex companies would shrink or at best stay flat this September quarter, compared to the same period last year. The most optimistic of them expect total profits for the Sensex basket to inch up one per cent; the most pessimistic expect a 16.5 per cent profit fall.

Profits for Sensex companies declined one per cent in the preceding June quarter. Forecasts for the aggregate sales of Sensex companies are more varied — ranging from a 9 per cent decline to a 7 per cent growth

Results This Week:-

Sonata Software
Motilal Oswal Financial Services
Parsvnath Developers
Transformers and Rectifiers
Ashapura Minechem
Bajaj Finserv
Infotech Enterprises
Rallies India
Container Corporation
Gandhi Special Tubes
IndusInd Bank
KCP Sugar
Maharashtra Scooters
Gruh Finance

Bajaj Auto
Reliance Industrial Infrastructure
Jindal Saw
Jaiprakash Hydro-Power
KPIT Cummins Infosystems
Bajaj Holdings
State Bank of Bikaner
Balaji Telefilms

Ultratech Cement
Television Eighteen
IBN18 Broadcast
Monsanto India
Raj Television Network
BASF India
Emkay Global Financial Services
Prime Focus
VST Industries
GTL Infrastructure
State Bank of Mysore

The BSE Sensex is poised to touch the 19000-mark in 2010 fueled by global equities’ rising growth premium, favourable demographics, diminished policy risks and inexpensive valuations of Indian stocks. Prabhudas Lilladher(PL), a leading equity research and brokerage firm for FIIs, said in its ‘India Equity Strategy´ report that Indian equities were on a long-term bull phase. http://www.livemint.com/2009/09/29120255/Sensex-to-touch-19000mark-in.html

CLSA cuts Sensex EPS target by about 10% http://www.moneycontrol.com/news/market-outlook/clsa-cuts-sensex-eps-target-by-about-10_359930.html

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