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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Faced with the macro headwinds and continued institutional
selling pressure, the equity market shaved off most of the
post-budget gains in April 2011. The benchmark indices,
Nifty and Sensex, ended with a loss of 4.7% each as compared
to a loss of 2.3% suffered by our Top Picks basket since the
release of the last issue of Top Picks. The CNX Mid-cap Index
lost around 2% during the same period.
We are making four changes to the portfolio this time around.
NIIT Technologies replaces Polaris Software Lab as part of
the churn within the mid-cap information technology space.
The better than expected performance of NIIT Technologies
should result in better near-term performance. Selan
Exploration Technology (Selan) has been replaced by Sintex
Industries (Sintex) as part of the adjustment made following
the correction in the crude oil prices. Sintex stands to gain
from the easing of crude oil prices (in terms of the input
cost) whereas Selan would get affected due to lower
realisations. Another change is the re-introduction of Yes
Bank after the recent correction in the stock. Yes Bank comes
in place of ISMT. Lastly, we are bringing back V-Guard
Industries to replace Indian Hotels Company on expectations
of the former’s robust Q4FY2011 results.
CLICK on company name below for report
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Faced with the macro headwinds and continued institutional
selling pressure, the equity market shaved off most of the
post-budget gains in April 2011. The benchmark indices,
Nifty and Sensex, ended with a loss of 4.7% each as compared
to a loss of 2.3% suffered by our Top Picks basket since the
release of the last issue of Top Picks. The CNX Mid-cap Index
lost around 2% during the same period.
We are making four changes to the portfolio this time around.
NIIT Technologies replaces Polaris Software Lab as part of
the churn within the mid-cap information technology space.
The better than expected performance of NIIT Technologies
should result in better near-term performance. Selan
Exploration Technology (Selan) has been replaced by Sintex
Industries (Sintex) as part of the adjustment made following
the correction in the crude oil prices. Sintex stands to gain
from the easing of crude oil prices (in terms of the input
cost) whereas Selan would get affected due to lower
realisations. Another change is the re-introduction of Yes
Bank after the recent correction in the stock. Yes Bank comes
in place of ISMT. Lastly, we are bringing back V-Guard
Industries to replace Indian Hotels Company on expectations
of the former’s robust Q4FY2011 results.
CLICK on company name below for report
BHEL- Sharekhan Top Picks: May 2011
click on company name above for report
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