Jan WPI Inflation 6.55 % Vs 7.47 % ( MoM ), expectation: 6.6 % ( ET  Experts )       

Sunpharma Q3 consolidated net profits grew by 91% at Rs 668 crore and consolidated net sales grew by 37% at Rs 2,145 crore on yoy basis. Fair value of Su Pharma is expected at Rs511 at 4.6times P/E of 20 times Fy13E earnings

SBIN results were above expectations. The Net Interest income grew by 27  %  and profit after tax grew by 15%  on yoy basis. Bank’s Net NPA grew to 2.22% from 2.04 % QoQ. However, NIM expanded to 4.15% from 3.2%qoq. The management raised hopes that the NIM would be able to maintain at 3.5 to 3.65% for Fy12. Also, that NPA would improve from here on. The Bank is trading at 1.6 times Consolidated Expected Fy 12 E P/BV. The fair value of SBI is expected to be Rs. 2550 at 1.8 times Consolidated Expected Fy 12 E P/BV.

Coal India reported sales growth of 21% and pat growth of 53% for q3Fy12.

Tatamotors presented stellar set of numbers. The sales grew by 43% and Net profits grew by 39% much ahead of street’s expectation. The company has an Roe of 36% and is trading at p/e of 7 On FY 12 E earnings. The fair value of Tatamotors is now at Rs330 On 8.4 times Fy13E earnings. We maintain our buy rating on the stock.

Recltd total Income grew by 24% and profit after tax grew by 7% on yoy basis. The company reduced its guidance for full year growth in disbursements from 25% to 16%

 

SAIL :  Sales :  - 6.4 % ( YoY) , PAT :  +2  % ( YoY). Sales :  10594 Cr Vs  10220 Cr  (Expectation) , PAT : 1098 Cr Vs  1074 Cr(expectation) . ( After adjusting forex loss 466 Cr )

CIPLA :  Sales: +10  % ( YoY) , PAT : + 16% ( YoY). Sales :  1711 Cr Vs 1771   Cr  (Expectation) , PAT : 270 Cr Vs  295.8 Cr(expectation) . ( below than expectation )

JP associate  :    SALES :  +13 % ( YoY) , PAT :  -12 % ( YoY). Sales :   3258Cr Vs 3633 Cr  (Expectation) , PAT : 205  Cr Vs  140 Cr(expectation) ( Sales below than expectation & PAT better than expectation )