ValueNotes Industry Research Reports

IT: Cognizant, NASSCOM Commentary indicates tapering demand

2012-02-09

Prabhudas Lilladher continue to remain Neutral on technology services sector. However, they remain positive on strategic drive of Infosys and aggressive marketing effort by HCL Tech.

Natural Gas: Prices can get a boost in near term

2012-02-07

Natural Gas MCX prices have fallen more than 31% since December, prices which were hovering around 190 in December 2011 have fallen to nearly 120 recently...read on for a detailed technical analysis and recommendation on Natural Gas

Cement Industry: Dispatch numbers in line with estimates

2012-02-03

Dispatch numbers reported by cement giants were in-line with SPA Securities' estimates with y-o-y growth of 11.3%, aided by softer base in corresponding period last year.

Auto Sales: Good Start to 2012

2012-02-03

Auto volumes for Jan 2012 were almost in-line with expectations, with some positive surprise from firm demand from Passenger car segment led by strong dispatches by Maruti & Tata Motors. Strong growth was also seen in Utility vehicles. The demand for diesel vehicles continued to remain upbeat.

SC verdict on 2G: Advantage incumbents

2012-02-03

The Supreme Court cancelled all the 122 2G licences granted in 2008, affecting operations of 11 service providers. With the primary impact on new entrants, incumbents like Bharti and Idea will benefit from moderation in competitive intensity.

Dec'11 GSM Subscribers Update: Subscriber additions continue to be low

2012-01-20

The GSM operators continued to see low subscriber additions and added 7.55 million subscribers in December 2011 (growth of 13.1% m-o-m). In the last 3 months, GSM subscriber additions fallen significantly adding only 21.35 million subscribers.

Mumbai Real Estate: Positive surprise in Dec'11 registration unlikely to sustain

2012-01-19

December 2011 sales registrations have surprised positively, registering only a 9% y-o-y decline and a 45% m-o-m increase. The December number needs to be viewed in the context of the fewer launches witnessed in this year's festive season. Higher transactions in the secondary market could have led to the better-than-expected sales registrations

Capital Goods Q3FY12 preview: Another quarter of over hang

2012-01-18

Jaypee expects Q3FY12E sales to show muted growth for the quarter. Order inflow for the sector has dried up, due to delay in generation projects coupled with slow down in overall demand. According to them, Interest rates coupled with government policy announcements will be the trigger in medium to long term. KEC remains one of their top picks

Banking sector: Have bank stocks bottomed out?

2012-01-14

HDFC Securities reviews the Banking Sector's performance in the past and lists down the points that needs to be taken into account before investing further in the sector's stocks

Infrastructure Q3FY12 preview: Stress on earnings

2012-01-13

The infrastructure sector continued to face challenges in Q3FY12 by way of slower order inflows, rising working capital requirement, regulatory issues and higher interest costs which have hurt project execution and profitability