Sunday, April 12, 2009

Quarter 4 results ( March 2009 ) Expectations

Points to Note:

Sensex declined by 36% in Financial Year 2008-2009 making it the 2nd Worst Year in 30 years
( The worst year being FY 02-03 when sensex declined by 47%).

Worst Performing Sectors :

  • Real Estates (-86%).
  • Metals(-90%),
  • Pharma (-50%),
  • Auto’s(-39%)

Stock Specific:

  • Hero Honda delivered +57% Vs NSE’s return of (-36%).
  • ICICI Bank delivers (-39%) earnings growth Vs HDFC Bank’s growth of +37%
  • BHEL is expected to deliver an earnings growth of +21%
  • Marico is likely to report growth by 22%
  • Cipla delivers +48% earnings growth Vs -50% sector average
  • Bharti is likely to deliver an earnings growth of 22% Vs Sector Avg of +4% Vs R.Com’s (-10%).
  • Biggest Positive Index contribution would come from ONGC (+17%) and SBI (+12%)
  • Highest Negative Index contribution’s from TATA Steel (-61%), DLF (-28%), Sterlite (-16%), TATA Motors (-13%), ICICI (-9%).

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