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  1. dammamguy Says:
    August 24th, 2013
    Posted at: 10:42 am

    Debt levels of top ten Indian business houses in financial year 2013 have gone up by 15 per cent as compared to the previous year, according to a report by Credit Suisse.

    According to the report, gross debt of Adani Group has gone up from Rs.69,201 crore in financial year 2012 to Rs.81,122 crore in 2013. Similarly, the debt of Essar Group has gone up from Rs.85,224 crore to Rs.98,412.8 crore. GRM Group’s gross debt has gone up from Rs.36,028.9 crore to Rs.40,824.9 crore while GVK group’s debt has risen from Rs.20,957 crore to Rs.25,264 crore.

    Jaypee Group has seen its debt rising from Rs.53,587.8 crore to Rs.63,654 crore, JSW Group from Rs.37,463.6 crore to Rs.41,575 crore (data for June 13), and Lanco Group from Rs.31,393 crore to Rs.39,034 crore. Reliance ADA Group’s gross debt rose from Rs.91,496.7 crore to Rs.1,13,543.9 crore, the highest in debt level, while the Vedanta Group saw its debt rising from Rs.94,724 crore to Rs.99,610.8 crore, the second highest in debt among top 10 Indian groups.

    Credit Suisse could not quantify Videocon Group’s debt because data for 2013 was not available. Videocon Group in 2012 had a debt of Rs.27,283.4 crore.

    In total, these Indian groups have seen their combined debt increasing from Rs.54,7,361 crore to Rs.6,31,024.7 crore in the period under reference, the report said.

    “We find their (top 10 business groups) debt levels are up another 15 per cent even as profitability continues to be under pressure. For most of them, the debt increase has outpaced capex and asset sales are yet to take off. The rising stress is visible with some loans of Lanco, JPA, and Reliance ADA already being restructured,” Credit Suisse Securities Research said.

    Stating that the debt servicing ratios were under pressure, the report said the debt coverage ratios had further deteriorated for groups such as Essar, GMR, GVK and Lanco. It said the debt servicing strain was likely to intensify further as capitalised interest was a further 30-250 per cent higher and 40-70 per cent of loans are forex.

    “Many companies’ loans are 40-70 per cent foreign-currency dominated, therefore, the sharp depreciation of the rupee is adding to their debt burden. Adani Enterprises and Reliance Communications have the largest percentage of borrowings through forex loans,” Credit Suisse said.

    Kartik, replies: Hi dammamguy, thanks for the update

  2. murali Says:
    August 24th, 2013
    Posted at: 10:49 am

    hi kartik sir,

    can i enter bpcl at current levels please advice me


  3. sneha Says:
    August 24th, 2013
    Posted at: 11:49 am

    Hi Karthik,

    How is reliance infrastructure is looking, shold i buy for long term or still it can fall

    Kartik, replies: Hi sneha, it faces strong resistance at 365, enter it above that, dont make fresh entries in it yet

  4. Abhija Says:
    August 24th, 2013
    Posted at: 12:14 pm

    Hi sir, plase suggest the tgt ofgodrej industries and ranbaxy on monday

    Kartik, replies: Hi Abhija, they are likely to trade flat for Monday, avoid these for Intraday

  5. sivakumar Says:
    August 24th, 2013
    Posted at: 12:18 pm

    Sir, I had 300 BHEL bought at around 103. I sold it all yesterday in the rally at around 116. Is BHEL really in the uptrend or just short covering. Can I buy BHEL again?

    Kartik, replies: Hi sivakumar, seems shortcovering, dont enter it yet

  6. Kartik Says:
    August 24th, 2013
    Posted at: 12:34 pm

    Hi dammamguy, its been posting weak results lately, would be better to avoid it for a while

    Hi DK, both are trading below their strong supports of 1000 and 1600, they may take a while to settle

    Hi dammamguy, thanks for the update

    Hi sivakumar, seems shortcovering, dont enter it yet

    Hi Abhija, they are likely to trade flat for Monday, avoid these for Intraday

    Hi sneha, it faces strong resistance at 365, enter it above that, dont make fresh entries in it yet


  7. sneha Says:
    August 24th, 2013
    Posted at: 12:39 pm

    shold i wait for recltd or enter rightaway

    Kartik, replies: Hi sneha, can be entered with a SL at 180 for Short term

  8. sathya Says:
    August 24th, 2013
    Posted at: 12:46 pm

    Hi Karthik / CB, I have a doubt in futures. If I buy 1 lit of sbi futures @ 1600 & sell @ 1650, what will be my profit? I am bit confused on this.

    Kartik, replies: Hi sathya, it would 50rs - your brokerage amount

  9. sunitha Says:
    August 24th, 2013
    Posted at: 12:53 pm

    i am having Jindal steel & power shares at the rate of 230, should i hold or sell at present rate

    Kartik, replies: Hi sunitha, hold them with a trailing SL at 238 for a couple of days more

  10. SRK Says:
    August 24th, 2013
    Posted at: 12:57 pm

    HI Kartik, can i buy idea 165sep ce?.

    Kartik, replies: Hi SRK, can be entered with a SL at 150 (cash) for a target of 175

  11. PARESH SHAH Says:
    August 24th, 2013
    Posted at: 1:44 pm

    DEAR CB/KARTHIK

    SIR,

    CAN U PL TELL ME THE TARGET OF JET AIRWAYS & REC FOR ONE WEEK TO TEN DAYS TIME.

    Kartik, replies: Hi PARESH SHAH, GE, they can add another 2-3% ahead, if holding, try to book on rise as they look weak overall

  12. sathya Says:
    August 24th, 2013
    Posted at: 2:25 pm

    It means 125 * 50 I.e. 6250 without brokerage.. Am I right Karthik?

    Kartik, replies: Hi sathya, Yes

  13. Phani Says:
    August 24th, 2013
    Posted at: 3:18 pm

    Hi sathya,

    right

    Kartik, replies: Hi Phani, thanks, can you try for the same on nseindia.com

  14. Phani Says:
    August 24th, 2013
    Posted at: 3:21 pm

    Hi Sir,

    I want entire NSE stock list
    - Stock name, sector, options are available or not?

    Can you help on this please...

    Kartik, replies: Hi Phani, thanks, can you try for the same on nseindia.com

  15. sathya Says:
    August 24th, 2013
    Posted at: 3:30 pm

    Hi Phani, thanks

    Kartik, replies: Hi sathya, Yes

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