Markets May Remain Range November, 2010

8/8/2019 Markets May Remain Range November, 2010

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Call Put Analysis (Nifty Nov 2010 series)

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www.moneysukh.commansukh

FROM THE DESK OF EDITOR

Monthly Update From Mansukh (For Private Circulation Only) Issue : November 201

The domestic equity markets settled the futures & options' (F&O) expiry week on a negative note. The Streetwitnessed high volatility and record volume during the passing week on account of F&O October series expiry.The key indices finished higher on two out of five trading sessions of the week. The cuts on the broader indiceswere even severe compared to their larger peers. Though Q2 earnings' season has so far remained good for IndiaInc., the markets that have already witnessed sharp up-move in past two months are looking a bit exhausted forfurther rally at this point. During the week, only consumer durables and auto gauges managed to showrespectable gains while realty, power and public sector undertaking witnessed maximum unwinding ofpositions from traders.The markets witnessed a gargantuan turnover of over Rs 2.82 lakh crore in the day's trade which ishighest ever in the history of Indian markets while the previous high of over Rs 2.36 lakh crore ofturnover was registered on the day of September expiry. The markets also witnessed vast rollovers

today in stocks like ABG Shipyard (89%), Orchid Chemicals (87%) and Andhra Bank (76%). Totalopen interest (OI) for the October series expiry remained around 10% lower than September expiry.On the global front, markets in Asia ended mostly in the positive terrain while sentiments in Europeremained strong as they traded with sturdy gains of over half a percent points. Back home, buyinginterests in Heavyweights like Reliance, Bharti Airtel and Hero Honda gave some support to thefrontline indices while the broader markets proved to be the laggards today. Huge profit bookingsmarred all the sectoral indices on the NSE, with the Realty index being the biggest loser with 1.99%losses. The India VIX, a gauge for market's short term expectation of volatility, decreased 2.37% andreached 20.52 at close.

Nifty November futures saw an addition of 5.93% or 1.44 million (mn) units, taking the totaloutstanding open interest (OI) to 25.85 mn units. For Nifty calls, 6100 strike price (SP) from theNovember series was the most active call with an addition of 1.25 mn or 43.25%. Among Nifty puts, 6000 SP from the November month expiry was the most active put with anaddition of 0.81 mn or 19.02%. The maximum Call OI outstanding was at 6100 SP (4.16 mn) and that for Puts at 6000 SP (5.09 mn. The Nifty Put Call Ratio (PCR) OI wise stood at1.13 for November-month contracts. The top five scrips with highest PCR on OI were Dr Reddy's 2, ACC 1.98, Godrej Industries 1.63, Jindal Steel 0.95 and Aban Offshore 0.76.Among most active underlyings ICICI Bank witnessed an addition of 16.56% in the November month futures contract, followed by Reliance which saw an addition of 1.59% of OIin the near month contract. Tata Steel witnessed an addition of 3.65% in the near-month futures. Tata Motors saw an addition of 2.77% in the OI while Uco Bank witnessed anaddition of 3.53% in the near month futures contract.

The coming week will be the eventful one as there are few important macro as well as micro economic events lined up. There will be only four trading sessions next week. TheReserve Bank of India's (RBI) second quarter monetary policy review for FY11 is scheduled on November 02 (Tuesday). The apex bank of the country is expected to go for onemore round of rate hike in its policy review to tame spiraling inflation. Besides this, all eyes will also be on the outcome of the Federal Open Market Committee (FOMC) meeting inthe US which will be held over November 02-03. The US Federal Reserve is likely to take more monetary easing steps this time to boost the slowing economy. Technically toodomestic indices seem to be on the back foot as we expect 5830-5850 could be the crucial support zone. Any drift below this may open the flood gates however next support couldbe around 5600. On the flip side if support remains stagnant , we might see some more bullishness in the upcoming sessions however 6295 will be very crucial to watch. HAPPYTRADING..

MARKETS MAY REMAIN RANGE BOUND- GLOBAL DATA EYED

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INSIDE

1

MarketReview

TechnicalPicks

Fundamental

Picks

MarketTutorials

AuxiliarySection

EconomyUpdate

MansukhGlobal

Snapshot

CommoditySection

make more, for sure.


2/8

2

GLOBAL SNAPSHOT

GLOBAL ECONOMY- STILL THERE ARE SOME TUTORIALS LEFT TO UNDERSTAND

The U.S. at least has a innermost banker who seems to comprehend the

risk. In the face of his connivance in getting us into this mess in the firstplace, Ben Bernanke has shown he understands the risks that deflationposes, especially in a debt-laden economy, and believes that he hasample tools to thwart deflation from gaining traction in the economy(even with rates at zero).

Generally, we simply can't bring ourselves to own bonds at the yieldson offer in most markets today. However, that doesn't mean we areignoring the short-term risks. So whilst we are generally inclined to beshort nominal duration across portfolios (as suggested by the 7-yearforecasts), we have been adding nominal duration. How can one addnominal duration when bonds are overpriced? Doesn't this imply thatwe are betraying our value investing credentials?

In early 2009, Christina Romer, Chair of the Council of Economic

Advisers, gave a speech laying out six lessons from the Great Depression.Lesson I: Small fiscal expansion has only small effects. Lesson II: Monetary expansion can help to heal an economy even wheninterest rates are near zero. Lesson III: Beware of cutting back on stimulus too soon. Lesson IV: Financial recovery and realrecovery go together. Lesson V: Worldwide expansionary policy shares the burdens and the benefits of recovery. Lesson VI: TheGreat Depression did eventually end.

The European sovereign debt crisis of spring 2010 was a misnomer in more ways than one: there was not one crisis but two. Andit will continue well beyond 2010, in our view. The first crisis was, and remains, an institutional crisis of the euro, caused by aflawed multilateral fiscal surveillance framework. This is reflected by the acceptance by the Greek, Spanish and Portuguesegovernments of fiscal measures largely dictated from Berlin and Brussels. The second crisis was, and remains, a sovereign debtcrisis: a crisis caused by sovereign balance sheets being overstretched, to the point where insolvency ceases to be merely possibleand becomes plausible. This crisis is not limited to the periphery of Europe. It is a global crisis and it is far from over. Howeverthere are good reasons why government bonds should rank senior to most other liabilities. To mention one: governments need tobe able to raise finance to fund public investment as well as to perform their macroeconomic stabilization role. They cannot issueequity, and cannot credibly issue secured debt2. Unrestricted access to unsecured, confidence-based funding is core to their'business model', as it is for banks. This was, historically at least, the main argument for honoring sovereign debt. There areothers, not least the consequences of a government default for output and for financial stability when banks own substantialexposure to the sovereign.

GMO 7 - Year Asset Class Return ForecastsAs of June 30, 2010



3/8

3

ECONOMY UPDATE

INDIAN ECONOMY - ON THE TRACK BUT EARNINGS REVISI ONS ARE NO LONGER HEADED SOUTH

Indias economy chalked up impressive real GDP expansion of 8.6% year-on-

year (y-o-y) (and 13.4% saar quarter-on-quarter [q-o-q]) in Q110 (Q4 FY2009/10). The quarterly outturn helped to propel full fiscal year growth to7.4% in FY 2009/10 (April-March). While we believe headline expansionshould cool going forward, India s domestic demand-driven economy and alack of direct exposure to the Chinese economy should propel real GDP growthto a robust 7.8% for both FY 2010/2011 and FY 2011/2012. With the economywell on track, the government will need to address pressing internal securityissues as well as the urgent need to boost the countrys infrastructurecapacity. The success of policies on all these issues will undoubtedly help shapethe country s long-term economic prospects, on which we remain bullishoverall, penciling average real GDP growth of 7.7% over the next decade.

In the 12 months since the ruling United Progressive Alliance (UPA)won the general elections in 2009, the Indian economy has performedwell and, notably, steps are being taken to address the fiscal situation.

In particular, we point to the removal of fuel subsidies that will have asignificant positive impact on the government budget for the longerterm. Despite success on the economic front, the UPA still faces considerable challenges in the form of a resurgent Naxalitethreat and still-frosty relations with Pakistan.

Indias real estate market has recovered strongly over the last three quarters, sparking fears that emerging Asias second-largesteconomy might be facing a reflated property bubble. In our view, although there are parallels to be drawn with the Chineseproperty market (on which we are decidedly bearish), we argue that India faces comparatively more benign macroeconomicconditions over the medium term. Therefore, we are in favour of price stability in the residential market over the next year,noting that the bulk of price increases might be behind us. For commercial real estate, ample upcoming supply for the retail andcommercial segments should limit rent increases in the coming quarters.

Awaiting February 2010 (as per the 2004-05 WPI series), food and textiles contributed more than 60% of the overall 9.7% WPIinflation on account of the drought-driven increase in the prices of food grains, sugar and cotton, among others. By August 2010,their contribution to the 8.7% WPI, though still high at 47% was on a downward trend. Oil's contribution to overall inflationincreased to 18% from 13%. Contribution of other items (having more than 54% weightage in the WPI index) increased to 37% in

August 2010 due to the increased prices of coal, metals, electricity and wood products among others, indicating that inflation isbecoming more broad based. Over the next few months, we expect inflation to continue to moderate from the peak levels seen inthe recent months. underrepresented in GDP.



4/8

TECHNICAL PICKS

TECHNICAL ANALYSIS

NDTV LTD

SWARAJ MAJDA LTD

MANSUKH DESK

New Delhi Television (NDTV) was foundedin 1988. It started its journey by live electioncoverage in India. Later in 1998 it becameIndia's first 24-hour channel in alliance withStar. During this period it also produced 80%of the content for BBC India. It also launchedNDTV Online in 1998. Today NDTV is India'sfirst and largest private producer of news,current affairs and entertainment television.Presently it beams channels like NDTV 24X7,NDTV Good Times, NDTV Profit, NDTCImagine to the Indian audiences. It alsoprovides news to mobile users through NDTVActive. NDTV has also launched 'AstroAwani' channel in Indonesia in partnership

with Astro, a leading South East Asia mediagroup. It is a 24 hour news, infotainment andlifestyle channel. It has also launched NDTVArabia catering to the Middle East countries.

On technical perspective, stock currently in itsretracement phase fromthe highs of Rs 117 ondaily basis. Moreover entire correction fromthe highs of Rs 131 to the lows of Rs 100 seemsto be completing at current juncture and weexpect some counter actions in upcomingsessions. Moreover

technical indicators i.e.RSI and MACD also revealed some buyingopportunities in near term. Hence investorsare advised to BUY this stock for the target ofRs.130-135 in one month.

MANSUKH DESK

Swaraj Mazda, incorporated in 1983 as SwarajVehicles, is engaged in manufacturing ofvehicles for goods and passenger applications. In1984 the company entered in a joint venture withPunjab Tractors, Mazda Motor Corporation andSumitomo Corporation, Japan for themanufacture of light commercial vehicles(LCVs). Swaraj Mazda manufactures a range ofvehicles such as trucks, buses and ambulances.The company has launched products like 4WD,Samrat, Sartaj, Dual Cab, Supreme-8 tonner,Truck- Super 12, Super ALFD and many more.Sumitomo raised its stake in the Company to53.5% by buying entire equity holding of PunjabTractors Ltd. in the Company in January 2009.Other prominent shareholders of the companyare private equity firms Actis (7.74%), CDC(9.28%) and Reliance Capital (7.89%).

On technical viewpoint, stock currently seems tobe forming a shaven bottom pattern from thelows of Rs 340. Moreover stock has alreadycompleted its retracement arena and is wellpoised for a new counter move towards Rs 400 inupcoming sessions. It's RSI and other technicalindicators also suggest some buyingopportunities in close proximity. Henceinvestors are advised to BUY this stock for a pricetarget of Rs 400-420 in one month.

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SCRIP NAME

NDTV

TRIGGER PRICE

100-102 130 135 95 1 Month

TARGET 1 TARGET 2 STOP LOSS DURATION

SCRIP NAME

SWARAJ MAZDA

TRIGGER PRICE

350-355 400 420 330 1 Month

TARGET 1 TARGET 2 STOP LOSS DURATION



5/8

5

FUNDAMENTAL PICK

FUNDAMENTAL PICKS

Mangalore Chemicals and Fertilizers Limited (MCF),

FINANCIALS:

INVESTMENT GROUNDSIndustry Outlook

part of the UBGroup with group shareholding of 30.44% is the manufacturer of bothnitrogenous and phosphatic fertilizers in the State of Karnataka. TheCompany has capacity to manufacture 2,17,800 MT Ammonia, 3,79,500 MTUrea, 2,55,500 MT Phosphatic, 15,330 MT Ammonium Bi-Carbonate and33,000 MT Sulphuric Acid annually. The factory is situated on the banks ofthe Gurpur River, in front of the New Mangalore Port and the plant is alsowell connected, both by rail and road.

During FY05 to FY10 the Topline of the company grew byCAGR of around 19%, Operating Profit and Net Profit of the company hasalso grown by 25% and 20% respectively. In FY10 due to poor monsoon theNet Sales of MCF came down by 16% to Rs 2075.65 crore over FY09,Operating Profit also declined by 1.5% to Rs 130.61 crore while MCF has

managed to report more than 100% jump in Net Profit to Rs 56.49 over FY09.In Q2FY11 the Net Sales of the company surged by 67.5%, Operating Profitand PAT also grew by 58% & 127% respectively. The OPM & PATM of MCFfor the same period were 5.8% & 3.3% respectively.

India's agricultural sector is the foundation of the rural economy and allsocio-economic privileges and hardships always revolve around it, and anychange in its structure draws a corresponding impact on the existingpattern of social equality. Fertilizer being the key efficiency booster in theentire production process occupies a center stage in rural economy. It is sosignificant that even the Indian National political scenario gets influencedby any amendments in the Fertilizer Policy. In FY10 Due to poor monsoonthe fertilizer demand was slack down but now in FY11 the demand for both

Nitrogenous & Phosphatic fertilizers is increasing steadily and expected togrow at a compounded annual rate of 5%. With the domestic productionalmost stagnant and the demand supply gap widening, the supply deficithas to be met from imports.

Mangalore Chemicals and Fertilizers Ltd Target Price: 51

Nutrition Based Subsidy will add Volume Growth

Insured Gas Supply to improve the Margins

An Incredible M arket Share in South India

To give the nourishment to Indian economy the government of India has also taken step to encourage the fertilizer sector in India andhas implemented a scheme of Nutrient Based Subsidy scheme (NBS) with effect from 1.4.2010 and also announced concession rates forthe year 2010-11 in advance, thereby facilitating import of higher quantities of Phosphatic and Potassic fertilizers. This move of theGovernment indicates a step towards further reforms in the fertilizer sector. MCF has also entered into agreements with leadingsuppliers of fertilizers abroad for import of DAP and MOP on a larger scale compared to last year.

MCF is in process for receiving the gas supply to its Mangalore project and the work on the LNG terminal at Kochi is also progressingwell. GAIL has already entered into a MOU with Governments of Karnataka and Kerala for right of use for laying the pipeline fromKochi to Mangalore. The gas pipeline connectivity to Mangalore is expected only by end of 2012. The Company is in final stage ofconcluding gas supply agreement with IOC and gas transportation agreement with GAIL. Considering the importance of fertilizer for

ensuring food security in the country, Government of India has agreed to allocate gas on priority to fertilizer companies.

MCF is the only manufacturer of fertilizers in the State of Karnataka. About 65% of the Company's products are sold in the State ofKarnataka, which meets about 25% of the needs of the farmers in the State. The Company has maintained a modest share of the market inthe neighboring States of Kerala, Tamilnadu, Andhra Pradesh and Maharashtra. MCF is also looking for diversifying into otherproducts that are synergistic with the existing operations. In addition, MCF has increased imports of DAP and specialty fertilizers and amajor thrust have been given to maximize trading operations and focus on the Integrated Nutrient Management business.

Qtr & Yr Ended Q2FY11 Q2FY10 FY10



6/8

The juggling of stock m arket is alw ays being surrounded by st ocks t raded

on the exchanges and IPO , FPO, primary or secondary m arkets are the

display places w here we can find these stocks easily av ailable. IPOs and

FPOs are the route by w hich the stocks are poured into t he markets and if

w e want t o invest into t hat w e should understand the different concepts

used while issuing the share thorough IPO and FPO.

IPO and FPO

Draft Offer document

Prospectus

Book Building Process or Normal Public Issue

Cut-Off Price

Issue Price

Initial Public Offers (IPO) and Follow on Offers (FPO) are the part of theprimary markets and the difference between them is that in IPO is theselling of securities to the public in the primary market. It is when anunlisted company makes either a fresh issue of securities or an offer forsale of its existing securities or both for the first time to the public. Thispaves way for listing and trading of the issuer's securities. The sale ofsecurities can be either through book building or through normal public

issue. Whether FPO means an issuing of shares to investors by a publiccompany that is already listed on an exchange. An FPO is essentially astock issue of supplementary shares made by a company that is already publicly listed and has gone through the IPO process.

'Draft Offer document' means the offer document in draft stage. The draft offer documents are filed with SEBI, atleast 21 days prior tothe filing of the Offer Document with ROC/SEs. SEBI may specify changes, if any, in the draft Offer Document and the issuer or the leadmerchant banker shall carry out such changes in the draft offer document before filing the Offer Document with ROC/SEs. The DraftOffer Document is available on the SEBI website for public comments for a period of 21 days from the filing of the Draft Offer Documentwith SEBI.

A large number of new companies float public issues. While a large number of these companies are genuine, quite a few may want toexploit the investors. Therefore, it is very important that an investor before applying for any issue identifies future potential of acompany. A part of the guidelines issued by SEBI (Securities and Exchange Board of India) is the disclosure of 23 information to the

public. This disclosure includes information like the reason for raising the money, the way money is proposed to be spent, the returnexpected on the money etc. This information is in the form of 'Prospectus' which also includes information regarding the size of theissue, the current status of the company, its equity capital, its current and past performance, the promoters, the project, cost of theproject, means of financing, product and capacity etc. It also contains lot of mandatory information regarding underwritingandstatutory compliances. This helps

Book Building is basically a process used in IPOs for efficient price discovery. It is a mechanism where, during the period for which theIPO is open, bids are collected from investors at various prices, which are above or equal to the floor price. The offer price is determinedafter the bid closing date. In case of Book Building, the demand can be known everyday as the book is being built. But in case of thepublic issue the demand is known at the close of the issue. Priceat which securities will be allotted is not known in case of offer of sharesthrough Book Building while in case of offer of shares through normal public issue, price is known in advance to investor. Under BookBuilding, investors bid for shares at the floor price or above and after the closure of the book building process the price is determined forallotment of shares.

In a Book building issue, the issuer is required to indicate either the price band or a floor price in the prospectus. The actual discoveredissue price can be any price in the price band or any price above the floor price. This issue price is called Cut-Off Price. The issuer andlead manager decides this after considering the book and the investors' appetite for the stock.

The price at which a company's shares are offered initially in the primary market is called as the Issue price. When they begin to betraded, the market price may be above or below the issue price.

MARKET TUTORIALS

Jargon of IPO and FPO

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7/8

The connotation of "foothills" is a perfect way of stating precisely where we are at in thecollapse of the US Dollar based global financial system and the return of the king, gold,as money. It is perfect because while we are certainly seeing a movement towards amania, with gold hitting fresh all-time highs in US Dollar terms on almost a daily basisthroughout September and much of October, we are still far from reaching the top of themountain.

We have begun to enter into the mania stage but, we are still a long away from reachingits peak. Here are arguments and proof for both statements. It should be pointed out,however, that we don't necessarily see gold as being in a "typical bull market". What webelieve we are witnessing is the return to gold as money after decades of suppression.However, we believe that the mania phase of this progression will transpire.

It is our belief that once we reach the new paradigm, it actually will be the newparadigm. There will not be any denial nor "return to normal" because returning gold tofunctioning as money is in itself a return to normal. That is not to say that certainly goldwill likely overshoot, by a great amount, its "true" value at the height of the collapse ofthe US Dollar based global financial system in terms of its value in comparison to othergoods. And there will be a time when it will make sense to sell some or all of our yourgold in favor of other assets. But for our purposes lets use the following chart to try toapproximate where we currently are in the mania stage of gold.

MANSUKH SECURITIES & FINANCE LTD. :MANSUKH COMMODITY FUTURES PVT. LTD :

NSE: INB/INF230781431, NSDL: IN-DP-NSDL-140-2000MEMBER NCDX-CO-04-00187& MCX: 10615(FMC:NCDEX/TCM/CORP/0293 & MCX/TCM/CORP/0740

Printed & Published on behalf ofMansukh Securities & Finance Ltd.

Publication Address :Mansukh House, 6, Pandav Nagar, New Delhi-110092Ph. : 011 - 30211800, 47617800, Fax : 011 - 30211835, E-mail : [email protected]

Website : www.moneysukh.com

For any query, suggestion and feedback write to :

[email protected]@moneysukh.com

Disclaimer :This report isfor informational purposes only and contains information, opinion, material obtained from reliable sources and every effort has been made to avoid errors and omissionsand is not to be construed as an advice or an offer to act on views expressed therein or an offer to buy and/or sell any securities or related financial instruments. Mansukh, its employees and its groupcompanies shall not be responsible and/or liable to anyone for any direct or consequential use of the contents thereof. Reproduction of the contents of this report in any form or by any means withoutprior written permission of the Mansukh is prohibited. Please note that we and our affiliate, officers, directors and employees, including persons involved in the preparation of issuance of thismaterial may; (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company (ies) mentioned herein or (b) may trade in these securities in ways different fromthose discussed in this report or (c) be engaged any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments or thecompany(ies) discussed herein or may perform or seek to perform investment banking services for such Company(ies) or act as advisor or lender / borrower to such Company(ies) or have otherpotential conflict of interest with respect to any recommendation and related information and opinions. All disputes shall be subject to the exclusive j urisdiction of Delhi High Court.

Safe Harbor Statement : Some forward looking statements on projections, estimates, expectation, outlook etc are included in this update ot help investors / analysts get a better comprehension ofthe Company's products and make informed investment decisions. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations,tax regimes, economic developments within India and the countries within which the Company conducts its business exchange rate and interest rate movements, impact of competing products andtheir pricing, product demand and supply constraints. Investors are advised to consult their certified financial advisor before making any investments to meet their financial goals.

P i t d

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COMMODITY SECTION

GOLD AT THE FOOTHILLS OF A MARKET MANIA

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For those that have been invested in this sector since 2004, we can recognize the period from 2004-2009 as being the awareness phase. And that brings us toAugust of 2010, which began the very first baby-steps into the mania phase. We can see all the signs of it around us now.

The dumb money, governments and central banks, are finally starting to catch on to what is happening. The central bank of Bangladesh bought 10 metric

tonnes of gold from the IMF last month. This is on top of 212 tons of gold the IMF sold last year to the Reserve Bank of India, the Bank of Mauritius, and thecentral bank of Sri Lanka. And Saudi Arabia, Russia and the Philippines have recently announced big additions to their gold reserves. But how can we be surethat we aren't very close to the peak in the precious metals market? Nothing is certain in life but there are numerous indications that we are still early on in themania phase.As we can see, if we are near the top then this was one of the most disappointing bull markets in bubble history! In fact, just to match the gold & silver bullmarket of the early 1980s gold would have to quadruple in price from here to $5,200 per ounce. And we think this bull market will be much stronger than the1980 bull market.

Gold is mentioned more and more inthe media and it has begun to start making all -time highs on a regular basis.



8/8

AUXILIARY SECTION

MIFM - A ST RAIGHTFORWARD MOVE TOWARDS CAREER ENRICHMENT

NIFTY- Q2FY11 Results Update

Reliance Inds. 57479.0 22.7% 9396.0 30.2% 4923.0 27.8% 15.0 28.4% 8.21 0.32 1096 19.4 358588

ONGC 18193.6 20.6% 11321.8 26.1% 5388.8 5.9% 25.2 5.9% 29.17 -3.90 1303 17.6 278749

TCS 7267.5 26.5% 2158.6 29.1% 1812.7 34.5% 9.3 34.5% 24.94 1.48 1052 32.4 205861

Infosys Tech 6425.0 23.5% 2176.0 21.0% 1641.0 14.1% 28.6 14.1% 25.54 -2.11 2970 28.8 170465

NTPC 12989.3 20.5% 3871.9 5.1% 2107.4 -2.1% 2.6 -2.1% 15.79 -3.34 195 19.3 160745

ICICI Bank 6309.1 -5.2% 634.0 3.7% 1236.3 18.9% 10.7 15.0% 19.60 3.97 1162 30.5 133372

ITC 5061.2 16.3% 1874.9 17.9% 1246.7 23.5% 1.6 21.6% 24.22 1.30 171 29.3 131504

Larsen & Toubro 9260.8 17.7% 1005.7 20.0% 694.1 19.6% 11.5 16.2% 7.37 0.11 2022 35.9 122891

BHEL 8328.4 25.7% 1632.4 32.5% 1142.3 33.2% 23.3 33.2% 12.87 0.64 2446 25.0 119722

HDFC Bank 4810.0 20.5% 846.4 56.9% 912.1 32.7% 19.7 22.6% 18.96 1.74 2278 31.2 105386

Wipro 6556.9 11.9% 1362.9 -7.1% 1172.1 -4.9% 4.8 -5.2% 17.88 -3.16 420 21.7 102862

HDFC 2906.6 4.4% 2791.8 3.9% 807.5 21.6% 5.5 18.7% 27.78 3.93 687 32.4 100445

SAIL 10602.9 6.6% 1694.8 -29.0% 1090.0 -34.5% 2.6 -34.5% 9.16 -6.21 195 13.4 80522

Jindal Steel 2295.5 42.7% 856.0 51.9% 478.2 56.8% 5.1 837.5% 20.79 1.85 697 36.4 65086

Hind. Unilever 4680.9 10.7% 646.9 -0.8% 566.1 32.1% 2.6 32.0% 11.88 1.84 294 28.7 64176

Axis Bank 3624.3 26.7% 453.1 88.7% 735.1 38.3% 18.0 35.9% 20.28 1.70 1467 20.7 60040

Sterlite Inds. 2902.4 -19.7% 136.3 7.6% 400.9 91.3% 1.2 91.4% 13.79 8.00 169 42.7 56710

Maruti Suzuki 8937.1 26.8% 960.3 4.8% 598.2 5.0% 20.7 5.0% 5.87 -1.36 1551 18.6 44816

Bajaj Auto 4180.9 49.7% 897.2 41.0% 682.1 69.3% 11.8 -15.3% 14.86 1.61 1514 19.2 43804

Sun Pharma 512.2 8.0% 337.3 27.5% 345.7 70.3% 16.7 70.3% 42.78 12.21 2107 35.1 43646

Mah. & Mah. 5311.3 19.0% 895.0 7.7% 758.5 7.9% 13.3 3.4% 12.73 -1.26 732 18.9 43622

Power Grid 2126.6 25.0% 1785.8 25.3% 654.9 42.1% 1.6 42.1% 30.80 3.71 100 17.6 42194

PNB 6455.4 21.7% 1381.9 65.5% 1074.6 15.9% 34.1 15.9% 16.65 -0.83 1291 9.5 40690

Hero Honda 4511.3 11.7% 607.9 -18.3% 505.6 -15.3% 25.3 -15.3% 10.33 -3.47 1866 17.5 37258

Kotak Mah. 1014.7 30.9% 187.4 38.6% 194.7 54.6% 1.3 -26.9% 19.19 2.94 465 46.9 34088

Dr Reddy' 1278.3 19.1% 273.9 -7.3% 220.2 11.7% 13.0 11.4% 16.87 -0.52 1658 31.7 28054

Sesa Goa 803.8 79.3% 258.3 142.3% 353.0 153.7% 4.1 142.2% 43.34 12.49 322 9.4 27648

HCL Tech 1498.3 20.1% 278.3 -26.9% 194.9 -35.2% 2.9 -36.0% 13.01 -11.11 404 29.0 27578

JP Associates 2993.3 62.3% 759.0 45.9% 113.5 -87.0% 0.5 -87.1% 3.70 -42.37 120 14.8 25570

Ambuja Cement1564.0

-2.9%302.2

-34.5%152.1

-52.2%1.0

-52.3%9.61

-9.78140 17.1 21331

Source: ACE Equity Rs Crore

Market

Cap.P/E

CMP

Rs

Y-o-Y

Chng

PATM

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Chng

EPS

Rs

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Y-o-Y

ChngPBIDT

Y-o-Y

ChngNet SalesCompanies


Documents

Markets May Remain Range November, 2010