Good Morning Every one,
Pranab mukharjee presented a balanced Budget so as to balance growth and inflation, but the fiscal deficit figures provided are too optimisitic
Given the uncertain global markets, the budget provided initiatives to improve positive inflows.
Steps such as Oil Palm, vegetable clusters will address supply side issues, so as to reduce inflation.
To sustain growth allocation for Infrastructure sector has been increased substantially.
A pleasant surprise was that foreign investors have been permitted to invest in mutual funds and investing in corporate infrastructure bonds.
Overall the budget presented looks to be market friendly and we may see some movement in markets in the near future,
but concern remaining is Libya tensions. Also Oil futures closed lower on Monday as pressure kept prices below the $100-per-barrel level.
On Monday Dow Jones closed with handfull profits for the day, Nasdaq closed with marginal gains.
Short term Target for Nifty seen at 5450, Markets will take good cues from Budget delivered, Budget provided a good potential for markets to raise in near future.
Keep holding/add Glory Poly films, Alok Textiles, TCI Finance, sathavahana Ispat, Educomp etc, hold Northgate Technologies,
One can buy xxxxxxx xxxxxxxxx xxxxx, The research report will be provided asap, we are working on preparing the same. will provide it to you asap.
Highlights: xxxxxxxxx xxxxxxx xxxxx taken Rs. 270 crore Capex consisted expansion in LT/HT cables, transmission towers and EHV cables.
xxxxxxxx xxxxxxxxx xxxx recently commissioned 50,000 tpa Transmission tower plant. Commercial production is expected to start in March 2011 It has also started a new plant for EHV(Extra High volatage) cables which will start commercial productio in March 2011.
Besides this It is also putting up a plant to manufacture Extra High Voltage (EHV) plant 132 KVAs to 400 KVAs with an installed capacity of 2000 KMs a year. xxxxxxx xxxxxxxxxx xxxxxxxx plans to commission same facility in Q4FY11.
Thanks & Regards
Venkistockcalls
Pranab mukharjee presented a balanced Budget so as to balance growth and inflation, but the fiscal deficit figures provided are too optimisitic
Given the uncertain global markets, the budget provided initiatives to improve positive inflows.
Steps such as Oil Palm, vegetable clusters will address supply side issues, so as to reduce inflation.
To sustain growth allocation for Infrastructure sector has been increased substantially.
A pleasant surprise was that foreign investors have been permitted to invest in mutual funds and investing in corporate infrastructure bonds.
Overall the budget presented looks to be market friendly and we may see some movement in markets in the near future,
but concern remaining is Libya tensions. Also Oil futures closed lower on Monday as pressure kept prices below the $100-per-barrel level.
On Monday Dow Jones closed with handfull profits for the day, Nasdaq closed with marginal gains.
Short term Target for Nifty seen at 5450, Markets will take good cues from Budget delivered, Budget provided a good potential for markets to raise in near future.
Keep holding/add Glory Poly films, Alok Textiles, TCI Finance, sathavahana Ispat, Educomp etc, hold Northgate Technologies,
One can buy xxxxxxx xxxxxxxxx xxxxx, The research report will be provided asap, we are working on preparing the same. will provide it to you asap.
Highlights: xxxxxxxxx xxxxxxx xxxxx taken Rs. 270 crore Capex consisted expansion in LT/HT cables, transmission towers and EHV cables.
xxxxxxxx xxxxxxxxx xxxx recently commissioned 50,000 tpa Transmission tower plant. Commercial production is expected to start in March 2011 It has also started a new plant for EHV(Extra High volatage) cables which will start commercial productio in March 2011.
Besides this It is also putting up a plant to manufacture Extra High Voltage (EHV) plant 132 KVAs to 400 KVAs with an installed capacity of 2000 KMs a year. xxxxxxx xxxxxxxxxx xxxxxxxx plans to commission same facility in Q4FY11.
Thanks & Regards
Venkistockcalls
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