BHEL :: BHEL bags Rs 4051 cr contract from OPG

BHEL bags Rs 4051 cr contract from OPG

link: http://www.business-standard.com/article/companies/bhel-bags-rs-4051-cr-contract-from-opgc-113042800487_1.html

Tata Steel :: Tata Steel to shut UK technology centres, job cuts expected

Tata Steel to shut UK technology centres, job cuts expected

link: http://www.moneycontrol.com/news/business/tata-steel-to-shut-uk-technology-centres-job-cuts-expected_860822.html

RIL :: another negative news

Govt wants RIL to give up 86% of KG-D6 area

Link: http://timesofindia.indiatimes.com/business/india-business/Govt-wants-RIL-to-give-up-86-of-KG-D6-area/articleshow/19769680.cms

Gold, Crude, $

[24042013]

- Gold :: CMP = 26430

- $/Rs :: CMP = 54.38

- Brent Crude :: $101

[25042013]

- $/Rs :: CMP = 54.22; 16 paisa up on rising stock market;

[26042013]

- Gold :: CMP = 26960

- Brent Crude :: $102

Falling Crude, Gold is positive for India economy as it reduced twin deficit which big issue for India. Let' see trend continue or not.

Wipro :: Accumulate

Started buying WIPRO.
Below 350 seems good buy. It went down from 440 to 340 after de-merger and subdued result and guidance in march quarter. MCap =  84415 Cr.

Post de-merger, Profit margin will improve and so RoE. Once this will start to factored in, PE re-rating may seen.

Gruh Finance

Started investing in Gruh Finance. Below 190 stock looks good to accumulate.

INFY

Started investing in INFY. It seems solid investment in range of 2200-2300. Dividend yield of more than 2% looks lucrative.

MCap = 129889 Cr; Half of TCS (MCap = 279801 Cr); INFY is relatively undervalued compared to other major IT peers.

Note: Growth is slowing down for IT sector because of higher base effect and external environment.