Thursday, November 27, 2008

>Reliance capital(ICICI Direct)

The consolidated PAT was in line with expectations at Rs.2.3bn a jump of
15% y-o-y. Reliance capital (Rcap) with its recent past exorbitant rate of
growth in all streams of businesses got itself a position in top 5 in Life and
General Insurance too, apart from asset management business

To read full report Reliance capital(ICICI Direct)

>INDIA Strategy (Merrill Lynch)

Still bearish; expect index of 7000 in early 2009
We felt comfortable with our bearish views on the market last year when it was anti-consensus. We are concerned about the current
consensus bearishness but think it is too early to turn bullish and expect markets to fall to 7000 in 1st quarter of 2009 led by:

To read full report INDIA Strategy (Merrill Lynch)

>Two wheeler(First Global)

Data released by the Society of Indian Automobile Manufacturers (SIAM) for
the month of October 2008 shows that the combined two wheeler and three
wheeler industry volumes declined significantly by 10% Y-o-Y for the first
time in FY09
􀂉 Despite the festival period falling in the month of October 2008, sales at the
companies’ end plunged sharply due to a huge pile up of inventory of the
previous month at the dealer network, though retail sales recorded an

To read full report Two wheeler(First Global)