Tag Archives: Tata Communications

Portfolio Review: 30 October 2010

Many more companies published their quarterly results in the past week. Hero Honda posted biggest drop in quarterly profit in three years. Tata Communications’ consolidated loss widened to Rs 213 crore in the second quarter. Tata Global Q2 net profit slid 82%. KSB Pumps reported a 34% fall in net profit. NTPC’s net profit declined marginally in the second quarter despite a 20% increase in its net sales. Hindustan Unilever Ltd (HUL) beat market expectations by posting a 32 per cent rise in net profit. BHEL Q2 net up 33% at Rs 1142 crore on good revenue from power sector. Glenmark Pharma net up 38% to Rs 112 cr.  Reliance Industries profit Jumped 28% as gas output and refining earnings rise. Mahindra and Mahindra reported 8% rise in quarterly profit.

In the past week, BSE Sensex lost 0.66%, NSE Nifty 0.80% and my portfolio 2.05%. In the month of October, my portfolio made a loss of 0.69% while year to date gain is 12.16%. Many companies in which I have large holding such as Bharti Airtel, Mangalam Cement, KSB Pumps, HUL etc declined 5% to 11% during the month. Dr. Reddys Laboratories, Maharashtra Seamless, Tata Global Beverages helped me to trim the overall loss with a gain of 3% to 15% during the month.

Good buys in my watch list

Script Sector 3 Years Target Current Price Margin
Mangalam Cement Cement 400.00 149.20 168%
Graphite India Engineering 200.00 93.20 115%
KSB Pumps Engineering 1,072.00 503.00 113%
Ess Dee Aluminium Packaging 942.00 471.30 100%
Swaraj Engines Auto Ancil 850.00 468.10 82%
Maharashtra Seamless Metal 743.00 417.20 78%
Hero Honda Auto 3,122.00 1,865.80 67%
HUL FMCG 479.00 294.10 63%
Tractors India Ltd Construction 1,150.00 715.00 61%
Divis Laboratories Pharma 1,095.00 691.85 58%

News Update

Reliance Industries Ltd., India’s biggest company by market value, posted its highest quarterly profit since 2007 after growing fuel demand boosted refining earnings and natural gas production rose. – Bloomberg

Hero Honda on Friday registered a 15% decline in net profit in September quarter, its biggest drop in quarterly profit in three years, on higher raw material costs, capacity constraints and increased competition. Net profit stood at Rs 505.60 crore against Rs 597.14 crore in the same period last fiscal. Net sales increased 11.8% to Rs 4,551.95 crore against Rs 4,069.60 crore in the same period last fiscal. Ebidta margin for the period stood at 13.36%. – The Financial Express

Mahindra & Mahindra India’s largest utility vehicles maker, reported a 7.8 percent rise in second-quarter net profit, as robust volumes in a fast-growing auto market mitigated higher input costs. Costs rose 4-7 percent between April and September, Mahindra’s automotive president Pawan Goenka told reporters on Friday and he expects them to increase further, which may prompt the automaker to pass on some of the rise to consumers, he added. – Reuters

World’s largest electric carmaker Reva Motors, owned by utility vehicle major Mahindra & Mahindra (M&M ), plans to enter China, hoping to cash in on a rising demand for ecofriendly cars as governments push for stricter emission norms globally. The Bangalore-based company looks to introduce its mass market model in China which promotes ecofriendly vehicles through a subsidy programme. – The Economic Times

State-run BHEL reported a 33 per cent increase in its net profit at Rs 1,142.28 crore for the quarter ended September 30 on the back of good revenues from the power sector. The company had posted a net profit of Rs 857.88 crore during the same period last year. BHEL’s revenues from power sector stood at Rs 6,965 crore during the July-September quarter, registering a growth of over 28 per cent against Rs 5,428.3 crore reported during the corresponding quarter of the last year. – The Economic Times

Biocon will invest $161 million in a facility in Malaysia, joining a number of Indian companies that have chosen to establish facilities in the South-East Asian country. This investment would be done through a strategic partnership with a Malaysian firm Biotechnology. – The Economic Times

NTPC’s net profit declined marginally in the second quarter despite a 20% increase in its net sales. This was because of rise in employee cost following pay revision and higher tax burden. The company reported a net profit of Rs 2,107 crore in the September quarter against Rs 2,152 crore in the same period last year. The company’s employee cost for the latest quarter worked out to Rs 709 crore against Rs 504 crore in the corresponding period of 2009-10. The company’s net tax burden for the latest quarter was Rs 9,216 crore against Rs 6,183 crore.  – The Financial Express

State-run NTPC will invest about Rs 20,000 crore to set up a 3,960-megawatt (Mw) coal-based power project in Madhya Pradesh. NTPC had signed a memorandum of understanding with the state government and MP Power Trading Company regarding this, the company said in a filing to the Bombay Stock Exchange. The project is likely to be commissioned during the Twelfth Five-Year Plan Period (2012-17). NTPC currently generates over 32,000 Mw, of which nearly 60 per cent is coal-based. It plans to increase its capacity to 75,000 Mw by 2017. – Business Standard

NTPC Ltd is scouting for tie-ups with global reactor manufacturers for setting up nuclear power projects on its own. The thermal power major, which already has a minority stake in a partnership with its state-owned counterpart Nuclear Power Corporation of India Ltd (NPCIL) for setting up nuclear units, also plans to firm up independent collaborations with global reactor vendors to set up imported Light Water Reactor-based atomic projects. – The Hindu Business Line

KSB Pumps has announced its September quarter results. The company has reported a 6% growth in topline and a 34% fall in bottomline on a YoY basis.

Tata Communications on Thursday reported a consolidated net loss of Rs 213.50 crore for the quarter ended September 30, 2010. The Tata Group company had posted a net loss of Rs 155.54 crore for the same period last year. The company’s total income, however, increased by 8.82 per cent to Rs 2,960.66 crore in Q2, FY’11, from Rs 2,720.48 crore in the same quarter last fiscal. – The Economic Times

Bharti Airtel and Aircel Cellular are interested in buying the yet-to-be-launched Indian wireless broadband business of Qualcomm, industry executives said, an indication that the scales are tilting in favour of the wireless technology being championed by the US-based cellphone chip maker. Bharti Airtel, India’s largest mobile phone company, is primarily interested in Qualcomm’s airwaves and permits for Delhi, complementing the 3G frequencies it won in the circle earlier this year, the executives said. – The Economic Times

Riding on the back of strong growth in domestic sales and R&D innovation, FMCG major Hindustan Unilever (HUL) has clocked a 32.2 per cent jump in net profit at Rs 566 crore in Q2 FY’11 against Rs 428 crore in the year-ago period. Net profit also included an exceptional gain of Rs 40 crore that HUL received through sale of property and restructuring of its closed units. – The Indian Express

Tech Mahindra Ltd has reported a positive earnings surprise for the September quarter, with operating profit adjusted for one-offs rising by 32.1% quarter-on-quarter. But investors are likely to have questions about the sustainability of this growth – The Livemint

Mangalam Cement disclosed a phenomenon drop in standalone net profit for the quarter ended September 2010.  During the quarter, the profit of the company declined 97.58% to Rs 8.57 million from Rs 354.39 million in the same quarter last year. Net sales for the quarter declined 28.08% to Rs 1,157 million, while total income for the quarter fell 27.76% to Rs 1,179.03 million, when compared with the prior year period. – Myiris.com

Swaraj Engines announced that its board has approved expansion program to increase its installed capacity from 36,000 engines to 60,000 engines p.a. The proposed expansion project will entail total capex of around Rs 400 million, which will be fully financed from internal resources. – Myiris.com

For the Sep 10 quarter, Swaraj Engines reported net profit growth of 13% to Rs. 10.82 crore on overall poor performance though partially offset by crash in effective tax rate. The topline grew by 24% to Rs. 86.20 crore on increased sales in engine and high tech components. However fall in OPM by 100 bps limited the growth in operating profit to 17% to Rs. 15.01 crore. The profits were further affected by fall in other income and interest income though partially boosted by crash in effective tax rate. – IIFL

Interesting Reading

Opto Circuits Acquisition of Unetixs Vascular Creates Strong Synergies for Criticare Systems

The acquisition of Unetixs Vascular’s detection and diagnostics products complements and strengthens the existing Opto Circuits (I) Ltd. product portfolio investment in Criticare Systems, Inc.’s vital signs monitoring line and pulse oximetry sensors. Unetixs Vascular is a leader in products aimed at the detection of peripheral arterial disease (PAD), a condition that is affecting a growing portion of the population in both the developed world and in emerging economies.

Read more: http://www.centredaily.com/2010/10/28/2302348/opto-circuits-acquisition-of-unetixs.html#ixzz13rJu5Ctj

Suzlon Energy in a soup

The high-level committee headed by the Chief Secretary that investigated the Attappadi tribal land scam has demanded stringent action against power giant Suzlon Energy Ltd and the provider of the land, Sarjan Realities Ltd, in its report submitted to the government. The committee recommended the dismantling and removal of all the windmills and related accessories from the site. Read more:  http://expressbuzz.com/cities/kochi/suzlon-energy-in-a-soup/219329.html

End of privileges

NTPC is bracing itself for competition as the government mulls starting mandatory tariff-based bidding for power projects allocation from January. The company is taking a fresh look at various cost components of power generation. In the current cost-plus regime, any escalation in cost from project delays gets capitalised. And electricity consumers bear the extra cost, since project delays and cost escalation are not the developer’s headache.  Read more: http://www.indianexpress.com/news/end-of-privileges/701812/

My Portfolio

Return (%)

My Portfolio BSE Sensex NSE Nifty
This Week -2.05% -0.66% -0.80%
This month -0.69% -0.18% -0.20%
This Year 12.16% 14.70% 15.70%
Since 1-1-2009 129.66% 107.65% 103.37%
Since 1-1-2008 54.36% -0.86% -1.02%
Since 1-4-2007 91.77% 53.25% 57.47%

Top 5 holding in my equity portfolio

Company Sector % of Total Value Average Holding Period Absolute Return %
Infosys IT 9 2.99 Years 78
Tata Global Beverages FMCG 6 1.98 Years 133
Bharti Airtel Telecom 5 10 months 15
HUL FMCG 5 4 Months 15
Hero Honda Auto 5 5 months 1

Shares I bought this month

Company Avg Cost
Graphite India 98.12
Mangalam Cement 162.85
Ess Dee Aluminium 499.41
Opto Circuits 313.74
Divi’s Laboratories 727.32
Tech Mahindra 770.31

Top 5 most gain (absolute)

Company Return % Average Holding Period
Gujarat Gas 203 2.5 Years
Dabur India 150 4.5 Years
Tata Global Beverages 133 2.0 Years
Berger Paints 152 3.7 Years
Infosys 78 3.0 Years

Top 5 most loss (absolute)

Company Return % Average Holding Period
KSB Pumps -13 2 months
Opto Circuits -9 1 month
Tata Communication -9 10 months
Mangalam Cement -8 2 months
Ess Dee Aluminum -6 1 month

Archive of previous portfolio reviews

Portfolio Review: 9 October 2010

BSE Sensex dipped 0.95% and NSE Nifty 0.65% in the week after the five-week rally and my portfolio gained 0.35% during the week. In the year to date, the gain in my portfolio is 15.13%. In the year 2010, the 65% of my total gain came from the 5 companies – Gujarat Gas, Infosys, Tata Global Beverages, HUL and Dabur India. Top 5 companies in terms of market value in my holding are Infosys, Tata Global Beverages, Bharti Airtel, HUL and Hero Honda.

Good buys in my watch list

Script Sector 3 Years Target CMP Margin
Maharashtra Seamless Metal 737.00 398.30 85%
Hero Honda Auto 3,101.00 1,833.75 69%
HLL FMCG 475.00 295.85 61%
Divis Laboratories Pharma 1,094.00 726.65 51%
Tech Mahindra IT 1,112.00 765.95 45%

News Update

Tata Communications

Tata Communications on Thursday launched InstaCompute and InstaOffice to offer productivity enhancing services to Indian businesses. This marks the company’s expansion in to the cloud space to deliver self-service, pay-as-you-use IT application and data centre infrastructure services, accessed through the Internet. – The Hindu 2010 October 07

Tata Communications expects its international operations, that contribute 65% to the overall revenues of the company, to turn profitable in the next two years. Its president and COO, Vinod Kumar, said, “We expect to break even in the next two years. The wholesale and enterprise services are expected to grow 25% and these will accelerate our growth.” – The Financial Express, 2010 October 09

Hero Honda

Hero Honda plans to set up a fourth manufacturing unit in the Baddi-Barrotiwala-Nalagarh industrial belt of Himachal Pradesh, on the expectation that it will exhaust its installed capacity in the current fiscal year. The world’s largest two-wheeler maker by volumes has sought the Himachal Pradesh government’s help in acquiring land for the project, which includes a mother plant and ancillary units. – The Economic Times, 2010 October 08

Mahindra & Mahindra

Mahindra & Mahindra (M&M), the country’s largest utility vehicles manufacturer, is planning to launch a sub-100 cc motorcycle. The bike, which will be the first of its kind in India, will help company carve out a niche of its own in the highly competitive motorcycle market in India. – The Financial Express, 2010 October 07

Auto major Mahindra & Mahindra (M&M) on Friday said it has advanced the period for redeeming the outstanding Foreign Currency Convertible Bonds (FCCBs) worth USD 141.2 million to this year from earlier April 14, 2011. – The Economic Times, 2010 October 08


Noting that a thermal power plant near human habitat and on agricultural land was not viable, a Central green panel has refused to give approval to the National Thermal Power Corporation (NTPC) to set up a 1320 MW coal-based project in Madhya Pradesh. The Public Sector Unit had proposed 2×660 MW coal based thermal power plant over 1000 acres of land in Jhikoli and Tumra villages in Narsinghpur district.  – The Hindi, 2010 October 08

The Centre will compensate NTPC to the tune of Rs 600 crore for cancellation of its 600 megawatt hydropower project at Loharinag-Pala in Uttarakhand, Power Minister Sushil Kumar Shinde said on Friday. NTPC has so far invested about Rs 600-crore on the project and placed orders worth Rs 2,000-crore for equipment. – The Indian Express, 2010 October 08

State-owned NTPC today said it may invest over Rs 10,000 crore to set up a 2,640 MW thermal power project at Gidarbaha in Punjab. – The Economic Times, 2010 October 08


Public sector power equipment manufacturer Bharat Heavy Electricals Ltd. (BHEL) has bagged an order from the Karnataka Power Corporation Limited (KPCL) for setting up 700 MW supercritical Unit-3 at the Bellary Thermal Power Station (TPS) in Karnataka on a turnkey basis. The company won the bid for the Rs.3,700-crore contract in an international competitive bidding process, according to a BHEL release. – The Hindu, 2010 October 08


State-owned gas utility GAIL India Ltd today placed orders worth Rs 677 crore for laying a gas pipeline from Dabhol in Maharashtra to Bangalore.  With this, within the last 3 months GAIL has placed orders worth about Rs 2,000 crore for both line pipes and pipeline laying to enable swift project implementation, a company press statement said here. – The Economic Times, 2010 October 06

Suzlon Energy Ltd

Suzlon Energy Ltd., India’s largest maker of wind turbines, said it plans to install 800 megawatts of wind energy plants in South Africa over the next two years as the country looks to reduce its power shortage. – Bloomberg Business Week, 2010 October 06

Dr Reddy’s Laboratories

Dr Reddy’s Laboratories is likely to see a major upside coming its way in the form of olanzapine, a drug to treat schizophrenia and bipolar disorder. Currently being marketed under the brand Zyprexa by Eli Lilly, the drug is seen having sales of $1 billion. Eli Lilly has the patent for it now, but this would expire in 2011, and Reddy’s is expected to launch it in the fourth quarter next year. – DNA, 2010 October 05

My Portfolio

Return (%)

My Portfolio BSE Sensex NSE Nifty
This Week 0.35% -0.95% -0.65%
This month 1.93% 0.90% 1.22%
This Year 15.13% 15.95% 17.35%
Since 1-1-2009 135.74% 109.91% 106.27%
Since 1-1-2008 58.45% 0.21% 0.39%
Since 1-4-2007 96.85% 54.91% 59.71%

Top 5 holding in my equity portfolio

Company Sector % of Total Value Average Holding Period Absolute Return %
Infosys IT 10 2.91 Years 84
Tata Global Beverages FMCG 7 1.90 Years 149
Bharti Airtel Telecom 6 9 months 21
HUL FMCG 6 3 Months 16
Hero Honda Auto 5 4 months -1

Shares I bought this month

Graphite India 93.61
Mangalam Cement 160.87
Ess Dee Aluminium 491.95
Opto Circuits 309.05

Top 5 most gain (absolute)

Company Return % Average Holding Period
Gujarat Gas 212 2.4 Years
Dabur India 168 4.5 Years
Tata Tea 149 1.9 Years
Berger Paints 176 3.6 Years
Infosys 84 2.9 Years

Top 5 most loss (absolute)

Company Return % Average Holding Period
KSB Pumps -6 1 month
Graphite India -5 2 months
Opto Circuits -1 0 month
Hero Honda -1 4 months
Tata Communications -1 9 months

Archive of previous portfolio reviews

Bharti Airtel, A good long term pick

Bharti Airtel and Tata Communications are two companies from the telecommunication sector in my watch list. Both are a good buys at the current market price with a long term perspective. Bharti Airtel current market price on 28th April is 293.80 and Tata Communication is available at 271.50. Since the market has been treating telecom sector stocks very badly for some time, its market valuation has become attractive. The current market treatment is mainly due to intense competition in the Telecom market which has resulted in aggressive price war and dented the profitability. But it is considered as a short term phenomena.

The immediate future of Bharti Airtel continues to remain pretty cloudy. Long term investments with 5-7 years horizon until when the positive effects of consolidation in the sector could be more pronounced in nature. The company is also well-placed to benefit from the 3G revolution. Post Africa’s Zain acquisition, the company is in a better position to diversify its revenue source and allay the fears of saturation in the Indian markets. Bharti Airtel’s acquisition of 15 of Zain’s African mobile networks will make it one of the five largest mobile groups in the world by subscriber connections, according to the latest Wireless Intelligence operator-group rankings.

2009-10 Result

Consolidated sales grow by 12% during FY10, 5% during 4QFY10 compared to same period last year. Growth for the full year was led by a 38% rise in revenues from the passive infrastructure segment. Revenues from the mobile services segment stands at 63% of sales and has increased by 7% from last year. Mobile subscriber base grows by 36% during the year. Total count of subscribers stood at around 128 m at the end of March 2010.  Operating margins decline by 0.5% during the year owing to higher network operating costs (as percentage of sales). Net profit drops by 1% during 4QFY10 as compared to same period last year, grows by 17% during the full financial year 2009-10. While higher interest income aids profit growth, the higher tax expenses curbs growth during the year. Exceptional items during the year and quarter relate to acquisition related costs such as advisory and professional fees directly attributable to the acquisitions in Bangladesh and Africa. It recommended a dividend of Re 1 per share.


One can reasonably expect a lot of potential growth in subscriber numbers that is still remaining in the India’s telecom industry. India added a record 20 million new mobile subscribers in March 2010. India had 584.32 million subscribers at the end of March, which indicates that 49.6 percent of Indians have mobile connections, according to TRAI. India’s largest operator, Bharti Airtel had a 21.84 percent share of the market at the end of March 2010, followed by Reliance Communications with 17.53 percent share, and Vodafone Essar with a 17.26 percent share, TRAI said.

Mobile phone operator Vodafone Essar has added 3.6 million new users in March to pip number one player Bharti Airtel in mobile subscriber additions.  Bharti Airtel and Reliance added 3 million subscribers each.

Competition and Price war

Indian mobile operators have dropped voice call rates to below 0.01 Indian rupees per second in a bid to gain market share, even as new entrants are rolling out services. These gains have come at the expense of lower average revenue per user and fewer calling minutes used by subscribers. Last year, the offer of a pay-per-second plan by a new operator triggered off a price war, leading to charges of predatory pricing by some telecom operators. In Q4 2009, new telecom operators such as MTS and Uninor extended the price wars with 30 paise per minute plans which led to many cases of multiple number ownerships and churn rates. Revenue per minute (a key measurable in the telecom industry) is expected to fall by five to six per cent.

3G Spectrum

All eyes are now on the 3G auctions in which the operators are expected to participate aggressively. Failing to win 3G spectrum in metros and Circle ‘A’ areas could place them at a disadvantage vis-à-vis competition. They would, therefore, be prepared to incur higher cash outflows.

Zain Deal

The last quarter gone by also saw Bharti Airtel entering into an agreement with the Zain Group to acquire Zain Africa assets for $10.7 billion. “In the short term, Zain Telecom’s financials may have some negative overhang on Bharti’s consolidated results but on a long term basis the same would prove to be earnings accretive. The key points to be monitored are market share gains in key geographies like Nigeria, the operational turnaround of Zain Telecom’s African operations and the acceptability and success of Bharti`s model in Africa,” Sharekhan Securities said in a recent report.

Airtel is to takeover Zain’s mobile operations in 15 African countries which cover a total population of over 450 million with telecom penetration at approximately 32 percent. As well as its home market of India, Airtel also launched in Sri Lanka in 2009 and acquired Warid Telecom in Bangladesh in January 2010, bringing its total to 18 markets, a global footprint surpassed only by the large European operator groups and its new African rival, MTN. Based on Q4 2009 pro forma data, international (non-Indian) markets will account for around 30 percent of Airtel’s total connections following completion of the Zain deal.

For an enlarged Airtel Group, the challenge is obtaining approvals. Given Airtel’s domestic market is in the midst of a next-generation rollout and calls for consolidation, managing existing operations whilst steering a pan-African purchase seems a daunting challenge. Airtel already has the experience of managing one of the fastest growing markets in the world. A major opportunity for Airtel would be to transplant their Indian pricing model into some of the low-usage markets Zain occupies to drive usage quickly and garner market share. Hard work lies ahead for the Indian company to turn Zain’s loss making operations into a profitable business venture.

New Services

Airtel digital TV Recorder

Recently, Airtel digital TV- the DTH service from Bharti Airtel launched ‘Airtel digital TV Recorder’, an enhanced Set Top Box (STB) with capability to record live television, anytime, anywhere. A first of its kind example of convergence between the mobile and TV screen, Airtel offers customers the convenience, to record their favorite shows using their mobile phones from anywhere in the world.

Airtel has also introduced the first universal remote in India, 9 interactive (iTV) applications, a multilingual EPG, low battery indicator and more that offer customers the freedom to book movie ticket or update themselves on the latest stock news.

3G enabled smart phones

Taiwan-based handset maker HTC entered into an exclusive partnership with cellullar operator Bharti Airtel to launch a 3G-enabled smartphone priced at Rs 9,990. As per the alliance, the touchscreen phone will be available in the country exclusively on Airtel networks.  With the operators gearing up to launch the 3G service by the end of this year, the handset makers are coming up with 3G-enabled handsets. Besides, service providers like Airtel and Vodafone had already launched the 3G version of Apple’s iPhone in India.

Airtel Talkies, World Sim and Khel Radio

Airtel Talkies a new service that offers previews and trailers of movies which are yet to come. It also offers all time classic movies in five languages – Hindi, Tamil, Telugu, Kannada and Malayalam.

Bharti Airtel launched this month a new SIM card for global travellers through which a customer can save upto 85% on international calls. Bharti Airtel and Radio Mirchi announced a new tie-up to offer mobile radio service, ‘Mirchi Mobile’ allowing Airtel’s mobile subscribers to listen to Radio Mirchi’s FM radio services of any region. It also launched a new value added service, ‘Khel Radio’ for the subscribers of UP East, UP  West, Bihar, Mumbai,Maharashtra, and Goa. Now the Airtel subscribers can enjoy bollywood quizzes, antakshari, pehchaaan kaun and exciting games with exotic prizes everyday. Airtel prepaid and postpaid customers can access this portal by calling 56655 at a charge of Rs 1/min.

Network expansion and upgrade

The recent $1.3 billion contract with Ericsson to supply its industry-leading portfolio of energy efficient 2G/2.5G radio base stations, circuit and packet core, microwave transmission and Intelligent Network will improve voice quality and faster data access to its customers. Bharti Airtel can now look forward to reduce time to market and enable the fast rollout of 3G services as its core and transport network will be 3G-ready. The expansion, according to the agreement, will cover some of the latest technologies within the wireless world. According to Ericsson, this will bring better quality voice to end users, support more users in using one base station, enhanced data rates using Evolved EDGE technology and other new services.


India Adds Record 20 Million Mobile Subscribers in March

April 27, 2010


Airtel launches World SIM

April 26, 2010


Bharti Airtel follows OnMobile in launching geographical barrier-free mobile radio services

April 26, 2010


Bharti Airtel launches ‘Khel Radio’ exclusive Bollywood portal

April 22, 2010


Mobile tariffs likely to go down further

Apr 21, 2010


Top 5 Stocks to Invest in Indian Markets

April 19, 2010


Bharti Airtel to become global mobile superplayer: WI

Apr 15, 2010


Record TV Shows Using Your Mobile Phone With Airtel

Apr 15, 2010


Bharti, RCom, Idea Cellular may post lower Q4 profits

April 12, 2010


Bharti Airtel Selects Ericsson for Network Expansion

April 06, 2010


Airtel Talkies brings movie content on mobiles pre-release

April 05, 2010


HTC in tie-up with Airtel for 3G smart phone handset

April 03, 2010


Good Buys in Indian Shares

Sensex declined 1.91% to 17,591 and Nifty declined by 1.85% to 5,263 this week. With this, year to date gain of Sensex reduced to mere 0.72% and Nifty to 1.18%. Year to date gain in my equity portfolio stands at 1.98% which lightly beat the market!

In the Indian share market which is believed to be overpriced, there are still a few stocks that are attractively priced. In my watch list, Bharti Airtel (304.35) and Tata Communications (280.40) in Telecom sector, Hero Honda (1,919.50) in Automobile sector, and NIIT Technologies (179.15) in IT sector are the good buys at the current market price. As always, set limits for individual shares and individual sectors in order to avoid concentration on a few shares in your portfolio.

Update on Watchlist of Indian Shares

Here is an update on shares in my watch list.

Opportunities to Buy:

Company Sector Current Price
Bharti airtel Telecom 308.05
Tata Communications Telecom 288.95
Hero Honda Auto 2,056.80

Hold if these are in your portfolio

Company Sector Current Price
Biocon Pharma 307.60
Blue Star Engineering 410.25
Cadila Healthcare Pharma 568.35
Castrol Energy 364.50
Exide Industries Auto Ancil 120.25
Glenmark Pharma Pharma 278.85
GSK Pharma Pharma 1,780.25
HCLT IT 343.40
HLL FMCG 221.30
IGL Energy 229.25
Infosys IT 2,678.85
NIIT Tech IT 170.00
NTPC Power 211.50
Page Industries Textiles 835.00
Pfizer Pharma 1,028.40
Piramal Healthcare Pharma 467.45
Sun Pharma Pharma 1,770.25
Suzlon Energy Power 75.10

It is time to sell if these are in your portfolio

Company Sector Current Price
ACC Cement 957.30
Ambuja Cements Cement 120.00
Ashok Leyland Auto 56.05
Asian Paints Paints 2,042.30
Aventis Pharma Pharma 1,830.00
bajaj auto Auto 2,066.80
bharat forge Auto Ancil 271.10
Bhel Engineering 2,563.75
Colgate P FMCG 711.40
Container Corporation Logistics 1,403.85
Crompton Greaves Engineering 270.35
Cummins India Engineering 528.20
Dabur India FMCG 176.15
GAIL Energy 424.85
GatewayDL Logistics 131.15
GodrejCP FMCG 282.65
Grasim Diversified 2,884.50
GSK Consumer Food 1,525.05
Gujarat Gas Energy 291.65
Kansai Nerolac Paints 1,325.00
L&T Engineering 1,641.35
Lupin Pharma 1,630.15
m&M Auto 528.25
Marico FMCG 113.60
Maruti Auto 1,381.15
Nalco Metal 408.65
Nestle Food 2,699.65
ONGC Energy 1,065.65
P&G FMCG 2,125.85
SAIL Metal 234.50
Siemens Engineering 749.00
Tata Power Power 1,365.00
Tech Mahindra IT 850.05
Ultratech Cement Cement 1,154.00
Voltas Engineering 185.80
Wipro IT 710.10
16/02/2010 bharti airtel Telecom Equitymaster
16/02/2010 Tata Communications Telecom Equitymaster
02/03/2010 hero honda Auto ValuePro