The time Infy started moving lower, TCS started moving up. Good case for Algo pair trade happening in these counters???
Thursday, 30 August 2012
Pair trade Algo happenning in INFY/TCS???
The time Infy started moving lower, TCS started moving up. Good case for Algo pair trade happening in these counters???
Monday, 27 August 2012
View on AP Paper and Speciality Resturants
ET NOW Exclusive on Friday 24th Aug 2012 : AP PAPER - Sources Say promoters looking to delist co preparing to send delisting docs to exchanges.
Open offer price fixed at 600 per share and delisting price is 80% above current price. RS 125 cr kept in an escrow account with Citibank.
CMP is 331
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Again on ET NOW today, interview with Speciality Resturants - Company is slowly becoming debt free. Since festive season is starting, look for more footfalls into their resturants.
CMP is 171.
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As mentioned before - This is for your information only. Please consult your qualified financial advisor before further decisions on buying or selling.
Friday, 10 August 2012
View on SBI Results today - 10th Aug 2012
Source - http://www.moneycontrol.com/news/results/sbi-q4-pat-beats-street-asset-quality-improves_706139.html
This is last quarter's results.
India's largest lender State Bank of India (SBI) on Friday reported a forecast beating net profit of Rs 4,050 crore for the fourth quarter (Jan-March) of FY12 as against Rs 21 crore a year ago.
Net interest income (NII) or the difference between interest earned and paid out, jumped more than 45% y-o-y to Rs 11,704 crore. Other income rose 9% y-o-y to Rs 5264 crore.
During the quarter, provisions for non-performing assets fell 13% y-o-y to Rs 2,837 crore. The same fell by nearly 6% sequentially (Q4 vs Q3).
Net non-performing asset (NPA) ratio declined to 1.82% as against 2.22% in the October-December quarter while the gross NPA ratio fell from 4.61% to 4.44% during the same period.
SBI's standalone net profit climbed nearly 42% to Rs 11,707 crore for the year ended March 31, 2012. Its loan book expanded nearly 15% y-o-y to Rs 8.68 lakh crore. This was slighly below than the RBI's projection of 16% credit growth for the entire industry in FY12.
Capital adequacy ratio improved at 13.86% versus 11.98% year-on-year. Provision coverage ratio for the financial year 2011-12 stood at 68.10% versus 64.95% a year back.
Disclaimer - This is just a view and not a recommendationq to buy or sell. Please take your own call after you have studied the results today, once they are out.
This is last quarter's results.
India's largest lender State Bank of India (SBI) on Friday reported a forecast beating net profit of Rs 4,050 crore for the fourth quarter (Jan-March) of FY12 as against Rs 21 crore a year ago.
Net interest income (NII) or the difference between interest earned and paid out, jumped more than 45% y-o-y to Rs 11,704 crore. Other income rose 9% y-o-y to Rs 5264 crore.
During the quarter, provisions for non-performing assets fell 13% y-o-y to Rs 2,837 crore. The same fell by nearly 6% sequentially (Q4 vs Q3).
Net non-performing asset (NPA) ratio declined to 1.82% as against 2.22% in the October-December quarter while the gross NPA ratio fell from 4.61% to 4.44% during the same period.
SBI's standalone net profit climbed nearly 42% to Rs 11,707 crore for the year ended March 31, 2012. Its loan book expanded nearly 15% y-o-y to Rs 8.68 lakh crore. This was slighly below than the RBI's projection of 16% credit growth for the entire industry in FY12.
Capital adequacy ratio improved at 13.86% versus 11.98% year-on-year. Provision coverage ratio for the financial year 2011-12 stood at 68.10% versus 64.95% a year back.
Disclaimer - This is just a view and not a recommendationq to buy or sell. Please take your own call after you have studied the results today, once they are out.
Wednesday, 8 August 2012
Events This week - 8th Aug
IIP numbers - 9th Aug 2012
Note - Pulled down by contraction in the capital goods and mining sectors, industrial production recorded a dismal growth of 2.4 percent in May - slightly better than (-)0.9 percent in April. I feel any number greater than 2.4 will spark a minor rally at this point.
Any number below this will make market move lower. Again, this is my opinion. My advice - trade cautiously with strict stop losses.
Note - Pulled down by contraction in the capital goods and mining sectors, industrial production recorded a dismal growth of 2.4 percent in May - slightly better than (-)0.9 percent in April. I feel any number greater than 2.4 will spark a minor rally at this point.
Any number below this will make market move lower. Again, this is my opinion. My advice - trade cautiously with strict stop losses.
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