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Markets struggled for direction on Friday with few inputs from the news desk, but the prospect of a Greek deal next week enabled benchmarks to extend their gains to the highest levels this year. Cross-Atlantic developments had guided the markets on most of the days the week, while robust economic data single-handedly boosted the markets [...]
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Royal Caribbean (RCL), following the recent sinking of its peer cruise ship, we are cautious about the sector in the near term. This disaster shook the cruisers’ confidence, thereby sharply reducing the booking volume. Additionally, the probable cannibalization of the existing fleet, lower visibility on a new class of ships that the company is designing [...]
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Some notes based on an equity research report from one of the leading stock broker about ONGC and stock price target for one year time period.

ONGC has reported 3QFY12 PAT of Rs.6740 crore, which includes a onetime gain of Rs.3140 crore from Cairn India as royalty disbursement.

Net realization for ONGC on domestic oil production has been at USD 45/barrel.

Upstream share of subsidy for 9…



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Massachusetts state regulators are investigating whether Bank of America Corporation (BAC) has knowingly inflated the value of assets in two loan portfolios that BofA sold to the investors in the form of collateralized loan obligations (CLOs). These loan portfolios led to nearly 0 million of losses to the investors. On Friday, Massachusetts Secretary of State [...]

(BAC) Bank of America Subpoenaed for Collateralized Loan Obligations Inquiry

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Here is stock analysis based on recent results of Union Bank in 3Q FY12 and target stock price.

The bank has reported NII increase of 7.2% yoy and net profit of Rs.150 crore, which is 74.4% down yoy. Net profit is impacted by one-off NPV (net present value) loss of Rs.380 crore from restructuring of accounts worth Rs.2040 crore.

Net Interest Margin (NIM) improved to 3.31% in 3Q from 3.21%…



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Bajaj Electricals (BEL) has posted strong growth in 3QFY12. This stock research report by Angel Broking recommends to buy stocks of Bajaj Electricals.

Bajaj Electricals (BEL) posted strong top-line growth of 15.1% yoy to Rs.794cr (Rs.690cr) in 3QFY2012. The company’s OPM fell by 212bp yoy but improved by 66bp qoq to 8.2%. PAT for the quarter came in at Rs.33cr (Rs.41cr), down 19.1%

yoy. …



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This is a stock analysis and recommendation based on results by Indian Hotels in 3QFY12.

Indian Hotels has reported 3QFY12 standalone results which reflect domestic business only. Though revenue beats expectation of stock analysts, margins are lower than expectations.

Revenue for 3QFY12 stands at Rs.530 crore. This is an increment of 9% yoy and 41% qoq. EBITDA is at 28% versus 15% in 2QFY12…



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We have downgraded our recommendation on CNO Financial Group (CNO) to Underperform based on the continuous deterioration in the premium revenue of its Bankers Life segment, coupled with the significant underwriting and pricing risks. The company’s third-quarter earnings results were driven by poor top-line performance in most business segments. The current interest rate environment, which [...]

(CNO) CNO Financial Group – Bear of the Day

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Yesterday, the federal judge in Manhattan ordered Bank of America Corporation (BAC) to deal with a shareholders’ class-action lawsuit. The lawsuit accused BofA along with some of its senior managers and directors of misleading investors about the takeover of Merrill Lynch & Co. as well as the amount of Merrill’s losses and bonus payouts in [...]

(BAC) Class-Action Suit Against Bank of America

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One of the leading global specialty retailers, Gap Inc. (GPS), continues to record comparable store sales results in the red. Last January, Gap registered a decline of 4% in same-store sales for the four-week period ended January 28, 2012, with sales declining across the board. The year-over-year comparison also looked jaded with the company recording [...]

(GPS) Gap Comparable Store Sales Fall – Guides Higher

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