Bahubali of midcaps! 50% stocks still trade above 5-year PE after correction

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ET Investment Opportunities | Fri, Mar 11, 2016 | 08:01 AM IST

Bahubali of midcaps! 50% stocks still trade above 5-year PE after correction The S&P BSE Sensex has plunged a little over 6 per cent so far in 2016 while the S&P BSE midcap index is down about 8 per cent in the same period. What is whipping up investor demand for tax-free bonds at fag end of FY16 The frenzy for tax-free papers is just reaching its zenith in the Indian market. Investors are rushing into these bonds at the fag end of the financial year. HFCs turn hot cakes on Dalal Street, brokerages put big bets on HDFC, DHFL, Repco Home Shares of cos like IndiaBulls Housing Finance, GIC Housing Finance, DHFL, among others, have gained up to 16 per cent on the bourses during this past week. Warning sign for investors! Global brokerages turn bearish on India Analysts on Dalal Street still remain gung-ho on the Indian market and expect the Sensex to scale the 32,000 level comfortably over the next 12 months. Gold may hit Rs 31,500, but pullback rally may not sustain for long: Experts Gold prices reclaimed Rs 30,000 level per 10 gm in futures trade on Tuesday on positive global cues, but analysts do not expect a runaway rally from here on. Five roadblocks ahead for Sensex in the short term Market bounced back a day after the benchmark indices hit their respective 52-week lows of 22,494.61 on the Sensex and 6,825.80 on the Nifty50 on the B-Day. Big cheer for homebuyers! Rajya Sabha passes Real Estate Bill During recent years sluggish growth and delays in getting nods stalled several projects, leaving buyers waiting for homes and developers holding high debt. Five factors to keep in mind while investing in market from here on Volatility will continue in the market, but that should not deter investors from looking at stocks that may benefit from economic recovery, said Deven Choksey. BofA-ML's seven stock picks to play on pay panel award & OROP theme BofA-ML believes that the government may implement the pay commission award by the middle of the forthcoming financial year rather than from April 1, 2016. Possession norm eased for home loan tax sop The proposed change will, however, be applicable from April 1, 2017, that is, it will apply in relation from assessment year FY18.

Initial Public Offer (IPOs) IPO Name Offer Price Band Open Date Close Date   HEC Infra Projects Ltd. 100.00 10-03-2016 18-03-2016 Wealth First Portfolio Managers Ltd. 50.00 10-03-2016 18-03-2016 Relicab Cable Manufacturing Ltd. 20.00 09-03-2016 14-03-2016 More >>

NFO (FMPs) Fund Name Category Type Open Close Min Inv   UTI Fixed Term Income Sr XXIV-V (1132D) Direct-D Debt: FMP Closed-end 01 Mar 2016 15 Mar 2016 5,000 UTI Fixed Term Income Sr XXIV-V (1132D) Reg-G Debt: FMP Closed-end 01 Mar 2016 15 Mar 2016 5,000 UTI Fixed Term Income Sr XXIV-V (1132D) Reg-D Debt: FMP Closed-end 01 Mar 2016 15 Mar 2016 5,000 UTI Fixed Term Income Sr XXIV-V (1132D) Reg-DQ Debt: FMP Closed-end 01 Mar 2016 15 Mar 2016 5,000 UTI Fixed Term Income Sr XXIV-V (1132D) Reg-DY Debt: FMP Closed-end 01 Mar 2016 15 Mar 2016 5,000 More >>

Real Estate News

Exciting times for luxury real estate in India; global brands betting on country's growth: Versace The luxury brand is entering India's property market, in alliance with the ABIL Group, for a South Mumbai project.

With builders not completing projects on time, home buyers take charge to finish their projects After waiting almost 10 years, 83 people who invested in Media Majestic Towers in Kaushambi area of Ghaziabad near New Delhi brought in a third-party contractor.

Asset Homes to enter the real estate segment in Sri Lanka Asset Homes is in discussion with Sri Lankan government to develop residential townships in Colombo, in collaboration with the government.

Realty Developers start consolidating office assets Real estate players including DLF, K Raheja Corp and Embassy Properties, however, have started process of consolidating their office assets.

NFO - Non FMPs Fund Name Category Type Open Close Min Inv   Sundaram Long Term Tax Advantage Sr II Direct-G Equity: Tax Planning Closed-end 03 Nov 2015 15 Mar 2016 500 Sundaram Long Term Tax Advantage Sr II Direct-D Equity: Tax Planning Closed-end 03 Nov 2015 15 Mar 2016 500 Sundaram Long Term Tax Advantage Sr II Reg-G Equity: Tax Planning Closed-end 03 Nov 2015 15 Mar 2016 500 Sundaram Long Term Tax Advantage Sr II Reg-D Equity: Tax Planning Closed-end 03 Nov 2015 15 Mar 2016 500 UTI Long Term Advantage Fund Series III Reg-D Equity: Tax Planning Closed-end 18 Dec 2015 22 Mar 2016 500 More >>

Views and Recommendations

Buy KPIT with a target at Rs 160: Mitesh Thacker 10 March, 2016, 10:57 AM IST "KPIT that is a conditional buy if it starts getting past Rs 148-149 then buy with a stop at Rs 144 for targets of around Rs 160" buy Sell Colgate with a target at Rs 780: Mitesh Thacker 10 March, 2016, 10:55 AM IST "Colgate is a sell with a stop at about Rs 830 for targets of around Rs 780 and it is kind of dropped off a bit try to sell it on a pullback to about Rs 812 levels" sell Buy M&M with a target of Rs 1,290:<b> </b>AK Prabhakar 10 March, 2016, 09:37 AM IST "M&M is a 'BUY' call with a target of Rs 1,290 and a stop loss of Rs 1,215." buy Buy REC with a target of Rs 170: 10 March, 2016, 09:35 AM IST "REC is a 'BUY' call with a target of Rs 170 and a stop loss of Rs 165." buy

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