The retail consumption level off - Bajaj Auto reports the 2 wheeler sore growth handicap
Tuesday, May 17, 2011
Don't buy your Mitts and retail holders yet!
MSCI Index added our favorite Mundra Port along with Dabur. In Nov 2010 5 stocks have been added from the India story in Global indices incl PSB Canara Bank, new banking licence aspirant LIC Hsg Finance and Indusind Bank. Others were Cement majot Ultratech and Pharma mid cap Lupin. The other stocks were added to Small Cap indices and the India indices are now being updated with Shriram Transport Finance, Jubilant Foodworks, Mundra and Dabur
Anyway. with Emerging markets set for a rebound and India replete with buying opportunities, action is likely to return today itself into the world's best capitalised and most accesssible markets in Mumbai.
We await results from Bajaj Auto (expect $1 billion sales per quarter to maintain) and ITC today
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