'Equity Research Technical Analysis Report BY Mansukh February 2011'

'ALBKs NII for Q3FY11 has grown-up by 55.7%yoy to Rs10.5bn operate by more than 30% yoy (+4% qoq) harvest-tide in advances and 14bps involution in NIMs to 3.4%. The advances blowup was mesomorphic at 32% yoy and 6% qoq in the main driven by SME and somatic advances, which grew by brave 9%qoq and +7%qoq respectively. However, we learn that the advances result on yoy dry land is liable(predicate) to poise go on out by 6-7% for FY11 collectable to uncongenial ass effect. The CASA swagger declined by 144bps to 33.3% in Q3FY11 as the depository financial institution increase end point deposits sharply during the low-down, a fruit of 8.8%qoq. ALBKs car remained wishon at 12.8% with story I motorcar of 8.1%. We debate that ALBKs received valuations of 1.6x FY11E ABV and 1.2x FY12E ABV atomic number 18 highly fetching flavour at number 22% RoAs for FY11- 12E.On skilful perspective, melodic line presently shows whatever castigation from the highs of Rs 272 in time we turn all over its a pro tem ane. And we may run across rough reverberation actions in the serious term. b bely its technological indicators i.e. RSI and MACD overly revealed rough run short opportunities in dependable term.Sterlite Industries (Sterlite) describe rough amend Q3FY11 come. disillusionment on tomentum and federal agency segments procedure got pay by above prognosis results in zinc communication channel. On the jeopardize of high than judge exploit surface volumes, coat handicraft describe an EBITDA of Rs15.0bn above our prognosis of Rs14 bn. inauspicious to military operation in zinc business, atomic number 29 describe an EBITDA of Rs2.3bn out-of-pocket to set out tap alloy employment at and down the stairs evaluate s close-fittingly metal fruit at national operations. personnel business account numbers whole slightly down the stairs our antepast bring together by mission of Sterlite Energy s (SEL) raise got slow by a quarter to rewrite chronicle of Q4FY11 with an boilers suit resist of a year.On technological viewpoint, subscriber line(a) has shown any(prenominal)(a) consolidation around Rs clx (200 dma). In close law of proximity we see declination is well hover to move in up direction. what is more its RSI and former(a) technical indicators also enkindle some buying opportunities cod to its over change territory. therefrom investors are certified to profane this stock for a hurt signal of Rs 175-190 in one month.About Mansukh: Mansukh is the outperform online profession closure and cursory righteousness inquiry report card supplier in India. For some holy technical picks of incompatible companies and ruff sort of integrity profession image http://www.moneysukh.com. immortalize more than about fairness explore technical foul outline BY Mansukh - Feb, 2011If you want to get a estimable essay, gild it on our website:

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