Go Back   ManagementParadise.com | Management & Business Education Learning Platform Quiz , Marketplace and Community games > Stock Markets Tips & Gyan !!

Analysts' Picks - Gujarat Ambuja Cement, Federal Bank and Dena Bank

Discuss Analysts' Picks - Gujarat Ambuja Cement, Federal Bank and Dena Bank within the Stock Markets Tips & Gyan !! forums, part of the Quiz , Marketplace and Community games category; Gujarat Ambuja Cement Khandwala Research, in its company update, recommends a 'hold' on Gujarat Ambuja Cement, one of the leading ...

Reply

 

Thread Tools Display Modes
Analysts' Picks - Gujarat Ambuja Cement, Federal Bank and Dena Bank
Old
 (1 (permalink))
Vijith Pujari
ViJiT has much to be proud ofViJiT has much to be proud ofViJiT has much to be proud ofViJiT has much to be proud ofViJiT has much to be proud ofViJiT has much to be proud ofViJiT has much to be proud ofViJiT has much to be proud of
 
ViJiT
Student of Masters in Management at University of Auckland
Auckland, Auckland
Management Paradise Guru
 
Status: Offline
Posts: 2,441
Join Date: Dec 2004
Location: Auckland, Auckland
Analysts' Picks - Gujarat Ambuja Cement, Federal Bank and Dena Bank - February 24th, 2006

Gujarat Ambuja Cement

Khandwala Research, in its company update, recommends a 'hold' on Gujarat Ambuja Cement, one of the leading domestic cement manufacturers. With present capacity of 13.30 million tonne a year, it is also the largest exporter of cement from India.

The local cement sector is expected to grow at 8-10 per cent in the coming years. The industry has grown at 10.5 per cent for the April 2005 to January 2006 period.

The major drivers of the cement demand have been the housing and the infrastructure sectors. The other areas seeing demand include the retail sector and the increased capex. Gujarat Ambuja is a major player in the northern and western India.

While the northern markets include Punjab, Haryana, Rajasthan, Delhi, Himachal Pradesh, Jammu & Kashmir, Uttar Pradesh and Uttaranchal, the western markets include Gujarat and Maharashtra. The company exports to the Middle-East countries. Its exports account for 14 per cent of the sales volume.



Federal Bank

IL&FS Investsmart, in its results update on Federal Bank, recommends a 'buy'. The report states that the company posted a y-o-y increase of 16 per cent in its net interest income in Q3 FY06 on the back of 26 per cent rise in advances.

Operating expenses have shown a decline leading to an impressive 34 per cent rise in operating profit. The bank is seen on track to register sharply higher profits in FY06, against a low base in FY05. Its ROE is expected to bounce back to 30 per cent in FY06.

The bank witnessed strong asset growth. Interest earned on advances increased 23.9 per cent on the back of 26 per cent rise in advances, while interest on investments also jumped 31.6 per cent. Other income grew 9.4 per cent, though the same, on a q-o-q basis, declined 14.5 per cent.

Dena Bank

Karvy Stock Broking, in its results review, recommends a 'buy' on Dena Bank. The bank posted strong Q3 FY06 results with net profits zooming 85 per cent to Rs 83.3 crore, though it was less than the expected Rs 100 crore.

The bank reported higher standard asset provisions of Rs 29.5 crore, which had not been factored. The bank is on its turnaround path and the report expects its performance to remain strong in Q4 FY06 and FY07 as well.

Its income was boosted by certain non-recurring items such as interest on income tax refund of Rs 30 crore (negligible in Q3 FY05). Treasury profits were Rs 56.1 crore and income from written-off accounts was Rs 47.9 crore.

Treasury profits and income from written-off accounts depend on market conditions and recovery efforts of the bank. That the bank focused on recovery of bad debt reflected in its Q3 FY06 numbers.
Advertisements




To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
Friends: (4)
Reply With Quote
The Following User Says Thank You to For This Useful Post:
Re: Analysts' Picks - Gujarat Ambuja Cement, Federal Bank and Dena Bank
Old
 (2 (permalink))
Manjot Dullat
manjotdullat is on a distinguished road
 
manjotdullat
Student of MBA at PUNJAB YNIVERSITY
Ludhiana, Punjab
Management Paradise Newbie
 
Status: Offline
Posts: 106
Join Date: Sep 2006
Location: Ludhiana, Punjab
Age: 33
Re: Analysts' Picks - Gujarat Ambuja Cement, Federal Bank and Dena Bank - October 21st, 2007

thnx for the info !!!!!
Friends: (0)
Reply With Quote
Re: Analysts' Picks - Gujarat Ambuja Cement, Federal Bank and Dena Bank
Old
 (3 (permalink))
giri.kukreja
giri.kukreja is an unknown quantity at this point
 
giri.kukreja
 
Institute: c.h.m
Status: Offline
Posts: 4
Join Date: Jan 2009
Re: Analysts' Picks - Gujarat Ambuja Cement, Federal Bank and Dena Bank - January 1st, 2009

thanks for the helping and assisting me in the project work... otherwise it wud have been a big failure
Friends: (0)
Reply With Quote
Reply

Bookmarks

Tags
ambuja, analysts, bank, cement, dena, federal, gujarat, picks
Related to Analysts' Picks - Gujarat Ambuja Cement, Federal Bank and Dena Bank
 

Similar Threads

Thread Thread Starter Forum Replies Last Post
Deutsche bank nitu The Garage !! 10 July 1st, 2010 07:05 PM
How cement was branded(Gujarat Ambuja) indrajit_v5 Marketing Management 14 April 19th, 2010 12:21 PM
World Bank melanie fernandes Managerial Economics 5 November 21st, 2009 06:07 PM
Deal makes Guj Ambuja most valuable cement co vengabeats Articles !! 2 August 10th, 2009 10:35 AM
 


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are Off


ManagementParadise.com is not responsible for the views and opinion of the posters. The posters and only posters shall be liable for any copyright infringement.



Search Engine Optimization by vBSEO ©2011, Crawlability, Inc.