Indiabulls Securities Research desk puts "Buy" ratings on SAIL

Indiabulls Securities, in its latest research report on SAIL, has recommended "Buy" on the stock, citing renewal in demand and steep decline in coke prices which is used as a raw material.

According to the report, the steel demand in India is expected to grow by 2% vs decline of 15% in global demand. It expects the renewal in steel demand to help company in improving their revenues.

Another positive indicator is the steep decline in coke prices which is used as raw material in steel industry. SAIL imports around 70% of the total coke requirement and it accounts for 30% of the total cost incurred by the company. Hence, the reduction in coke prices would help the company in improving their margins. According to the report, SAIL has negotiated the coke prices with the vendors at about 60% less than the previous rates.

Thus, increase in demand and lowering of raw material cost would give dual-benefit to the company and hence, put 'Buy' ratings on the stock.

Indiabulls customers can login to the trading website or their desktop application Power Indiabulls (PIB) to read the detailed report.

Indiabulls Securities Research put "Buy' ratings on Aditya Birla Nuvo - 1 July 2009

Indiabulls Securities, in its latest research report covering "Aditya Birla Nuvo" has recommended "Buy" ratings on the stock, citing revival in the businesses of its subsidiaries (Idea and Birla Sun Life).

Aditya Birla Nuvo has 27% stake in Idea - a major player in telecom sector. The report is bullish on telecom sector and expects Idea to grow at CAGR of 27%. Similarly, the company expects to earn through its Life Insurane and Mutual Funds subsidiary - Birla Sun Life Insurance. Birla Sun life bucked the slow trend in life insurance industry and able to increase new premiums by 44% y-o-y against industry average of (-) 3%.

Indiabulls customers can read the complete report by logging on the trading website or their desktop application Power Indiabulls (PIB).