January 2015 Update On Construction & Infrastructure Sector – Emkay Global Financial Services Ltd

In the current month’s update on the infrastructure sector, we have assessed trends in project tenders, project awarding, port data, etc. Key trends observed during the month ■ Total value of tenders issued in Dec2014 stood at Rs439.2 bn (-29.1% YoY) led by weak tendering from the water segment (-90%…

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January 2015 Update On Construction & Infrastructure Sector – Emkay Global Financial Services Ltd

eport   In the current month’s update on the infrastructure sector, we have assessed trends in project tenders, project awarding, port data, etc. Key trends observed during the month ■ Total value of tenders issued in Dec2014 stood at Rs439.2 bn (-29.1% YoY) led by weak tendering from the water…

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January 2015 Update On Metals & Mining Sector – Prabhudas Lilladher Ltd

The recent government ordinance on mines and mineral is one of the best efforts towards revitalising the mining sector. The Ordinance regularises the mines of notified minerals (iron ore, limestone, bauxite and manganese ore) operating under second or subsequent deemed renewal which were termed illegal by the Supreme Court (SC)…

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January 2015 Update On Capital Goods & Infrastructure Sector – Prabhudas Lilladher Ltd

While 2014 was a year of revival of hope and improved business sentiments, we believe 2015 could see hope turning into realty through a revival in investment cycle driven by various measures taken by government to remove bottleneck and pent up demand of last few year. Being on the cusp…

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January 2015 Update On Automobiles Sector – Sharekhan

The domestic automobile industry ended the year 2014 on a high note with most passenger vehicle (PV) manufacturers reporting a strong growth in dispatches for the month of December. However, the government’s decision to not extend the concessional excise duty benefit has to some extend dampened the spirits of the…

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Q3FY2015 Capital goods & engineering earnings preview – Sharekhan

Key points *  We expect the aggregate revenues of the capital goods companies under our coverage to grow by 5% in Q3FY2015 due to a decline in the revenues of the heavyweight, BHEL. However, excluding BHEL, the aggregate revenues are expected to grow by 12% YoY. We expect most of…

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January 2015 Update On Automobiles Sector – Sharekhan

The domestic automobile industry ended the year 2014 on a high note with most passenger vehicle (PV) manufacturers reporting a strong growth in dispatches for the month of December. However, the government’s decision to not extend the concessional excise duty benefit has to some extend dampened the spirits of the…

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Q3FY2015 IT earnings preview – Sharekhan

Key points *   Seasonally soft quarter, further dampened by cross-currency headwinds: Given the furlough and holidays, the December quarter is usually a soft quarter for the sector and this time around it was further affected by crosscurrency headwinds, as the Euro, Pound and Australian Dollar has depreciated close to…

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January 2015 Update On Banking Sector – Angel Broking Pvt Ltd

Rationale: The CNX PSU Bank Index formed a high around 4350 in 1st week of December 2014. Post that, the index corrected and retraced about 38.2% of the gains seen from low of 3250 in October 2014. Although the index has seen marginal recovery since then, it has underperformed the…

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