"A bounce-back was expected because the market had gone into an oversold zone. I don't expect a major downside from the current levels," said Neeraj Dewan, director at Quantum Securities in New Delhi.
``The sales growth in personal care products has been very good because of the timely onset of winter conditions in northern India,'' said Anand Shah, an analyst at Angel Broking in Mumbai, who has a ``neutral'' rating HUL stock.
``Commodity-cost inflation is a reality,'' Harish Manwani, chairman of Hindustan Unilever, told reporters in Mumbai. ``We have been raising prices judiciously and lowering costs wherever possible and trying to improve our product mix to remain competitive.''
``The stock is still expensive,'' said Shah, who has a ``hold'' rating on the stock,Jaiprakash Associates Ltd, in a telephone interview in Mumbai.
``Bharat Heavy is clearly part of the equation to invest into India's power sector,'' said Chakri Lokapriya, who manages the equivalent of $1.2 billion of stocks across India, China, Russia and Brazil at London-based BNP. ``Over the long run, stocks like Bharat Heavy are outperformers.''
``Bharat Heavy looks attractive from the growth perspective,'' said Mahesh Patil, whose $1 billion equity portfolio at Birla Sunlife Asset Management Co. in Mumbai includes Bharat Heavy. ``The opportunities are good and Bharat Heavy should win a lot of contracts.''
``There'll be an exponential growth in India's power sector,'' Devender Singh, joint secretary at the power ministry, said in an interview in Mumbai.
``The company is capable of addressing issues about capacity and competition quickly,'' said Sandeep Neema, who helps manage $1.5 billion at JM Financial Asset Management in Mumbai.
``The announcement of a find in the case of any oil and gas company does add a value to the stock,'' said Niraj Mansingka, an analyst at Edelweiss Capital Ltd. in Mumbai. ``More importantly, this raises confidence that the Krishna Godavari is a very prospective basin, but we need clarity on the size of the find.'' Mansingka has an ``accumulate'' rating on the stock.
Comments