Weekly Portfolio Review: 22 August 2010

BSE Sensex ended 1.29% higher and NSE Nifty 1.44% in the past week. During the month, Tata Communications, Berger Paints, Gujarat Gas, Biocon and HUl were top gainers and Suzlon Energy, Tata Global Beverages, NTPC, Maharashtra Seamless and Dr. Reddy Laboratories were top losers in my portfolio.

Good buys in my watch list

Company Sector 3 Years Target Current Price Expected Return
Mangalam Cement Cement 400.00 160.95 149%
Graphite India Engineering 200.00 97.50 105%
Swaraj Engines Auto Ancil 850.00 415.50 105%
KSB Pumps Engineering 1,072.00 575.50 86%
Maharashtra Seamless Metal 722.00 391.70 84%
HUL FMCG 466.00 269.00 73%
Bharti Airtel Telecom 510.00 310.15 64%
Hero Honda Auto 3,054.00 1,916.40 59%
Dr. Reddy Pharma 2,106.00 1,326.05 59%
Hindustan Zinc Metal 1,730.00 1,121.75 54%
NTPC Power 293.00 193.25 52%
M&M Auto 925.00 617.75 50%

–          Bharti Airtel announced that it has achieved Gold Certification from Cisco. With this, Bharti Airtel is the first Indian telecom service provider to achieve this certification. To earn Gold Certification, Bharti Airtel had to meet rigorous standards for networking competency, service, support and customer satisfaction set forth by Cisco. – expressindia.com

–          Bharti Airtel saw the highest number of shares (1.3 crore) being bought by the fund houses, while Reliance Industries witnessed the maximum number of shares (1.7 crore) being sold, said a report from Sharekhan.com. – The Hindu Business Line

–          Bharti Airtel has outbid Idea Cellular, Karbonn Mobile and Micromax to win the sponsorship rights of all international cricket matches (barring the world cup tournament) to be played in India for the next three years. – The Economics Times

–          Bharti Airtel has dialled its highly successful minutes-factory strategy, this time for Africa. Zain Kenya, a Bharti subsidiary, halved tariffs for both prepaid and postpaid subscribers. The move is said to have led to many Kenyans switching from Safaricom, the largest Kenyan telco with about 12 million subscribers, to Zain Kenya. – DNA

–          Bharti Airtel, India’s top mobile operator, signed up 2.6 million mobile subscribers in July, taking its total to 139.2 million subscribers. Vodafone Essar, the country’s third-largest mobile phone operator and controlled by Vodafone, gained 2.4 million subscribers in July to have a total of 111.5 million, the Cellular Operators Association of India said. – The Indian Express

–          Bharti Airtel announced plans to invest $ 10 million in its newly acquired telecom network in Seychelles. The company will also participate in the Seychelles East Africa submarine cable (SEAS) project. – The Economic Times

–          Dr. Reddy’s Laboratories Ltd. is in talks to enter Japan’s generic-drug market, company announced last week. Japan is the world’s second-largest pharmaceutical market.

–          Keeping religious sentiments and environmental concerns in view, a Group of Ministers (GoM) on Friday scrapped the NTPC’s controversial 600 MW Loharinag Pala hydel project on Bhagirathi river in Uttarakhand. – The Economic Times

–          The legal dispute between Reliance Industries (RIL) and NTPC over D6 gas may be heading for a truce, with Solicitor General Gopal Subramanium recommending that the country’s biggest power generator be given gas at a concessional rate under a provision of the production sharing contract (PSC). – Business Standard

–          NTPC-BHEL Power Projects, the joint venture between state-run BHEL and NTPC for making power equipment among others, is likely to rope in a global technology provider and may offer a minority stake, an NTPC official said on Wednesday. – The Economic Times

–          Keen to get gas for its plant, state-run NTPC may offer equity stake to Qatar Petroleum in its gas-based projects, a move that would allow the company an assured supply of fuel for operations. – The Economic Times

–          Indian utility vehicles maker Mahindra & Mahindra could benefit in the long-run from its pending acquisition of Ssangyong but investors are wary about the investments it will need to make in the Korean automaker and its recent foray into commercial trucks. Analysts feel multiple moves at the same time will be a drain on Mahindra’s cash flows and the stock could enter a phase of underperformance in the next 18 to 24 months. Mahindra & Mahindra (M&M), India’s largest tractor maker, plans to scale up its production capacity by over 60% in two years to cash in on the growing rural demand, according to a senior official. – The Economic Times

–          Riding on a successful launch of ‘Maximo’ mini-trucks, Mahindra & Mahindra is in the process of developing passenger vehicles and other variants on the same platform, according to Rajesh Jejurikar, Chief Executive, Automobile division. – The Hindu

–          Mahindra & Mahindra on Friday said it has received environmental clearance from the US authorities for its diesel pick-up trucks, a step which could bring it closer to launching the vehicle there

My Portfolio

Return (%)

My Portfolio BSE Sensex NSE Nifty
This Week 0.12% 1.29% 1.44%
This month 2.09% 2.99% 3.04%
This Year 8.01% 5.37% 6.34%
Since 1-1-2009 121.15% 90.75% 86.91%
Since 1-1-2008 48.64% -8.93% -9.03%
Since 1-4-2007 84.67% 40.77% 44.72%

Top 5 holding in my equity portfolio

Company Sector % of Total Value Average Holding Period Absolute Return %
Infosys IT 13 2.75 Years 66
Tata Global Beverages FMCG 8 1.75 Years 109
Bharti Airtel Telecom 8 8 months 7
Gujarat Gas Energy 5 2.30 Years 178
HUL FMCG 6 2 months 9

Shares I bought this month

Company Average Price
Graphite India 98.85
Mangalam Cement 158.20
KSB Pumps 562.95
Swaraj Engines 434.00

Top 5 most gain (absolute)

Company Return % Average Holding Period
Gujarat Gas 177 28 months
Dabur India 159 40 months
Tata Tea 109 21 months
Berger Paints 128 42 months
Infosys 66 36 months

Archive of previous portfolio reviews

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