SNI MARKET OUTLOOK UPDATE 12TH JULY 2013 : Expect market to open on a positive note on account of global cues. US market surged over 1% as investors welcomed comments from Fed chairman Ben Bernanke on stimulus. Asian markets are witnessing mixed trends in morning trade. Rupee depreciated smartly in the last couple of days from over 61 to 59.6 a Dollar. Infosys will be announcing Q1 result today. We expect overall revenue in 1QFY14 to be at USD1,961m, growth of 1.2% QoQ. In rupee terms, we expect revenue growth of 5% QoQto INR109.8b. We expect 15bpQoQdecline in EBITDAmargin to 26.4%. Research Updates: TATA MOTORS (JLR): Jun‐13 retail volumes grew 7% YoY (+4% MoM), restricted by phasing out of old RR Sport; Jaguar grew 34% YoY ‐ ‐ JLR’s Jun‐13 retail volumes grew by 7% YoY to 33,739 units, driven by 34% growth in Jaguar volumes to 6,574 units and 2.4% growth in LR volumes to 27,165 units. While retails were impacted by phasing out old RR Sport, it is witnessing good traction for the New Range Rover and Jaguar F‐Type. New Range Rover retails are expected from Jul‐13. For more details log on to sainathinvestment
Posted on: Fri, 12 Jul 2013 03:41:19 +0000