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%).