Cement Stocks

Why are the markets celebrating them in March…? For years, these cement stocks have been the stars of a bygone era. After peaking out in 2007, the cement industry has been plagued with excess capacity and weak pricing power. The budget seems to have changed that sentiment to a large extent. Stocks like ACC, Gujarat…

Fed Holds Rates

But, it may be just too premature for markets to celebrate… Global markets heaved a sigh of relief when the Fed decided to hold rates. The decision to reduce the number of rate hikes from 4 to 2 in this calendar year has also gone down well with the markets. But scratch the surface and…

Pharma Woes

What exactly is wrong with the pharmaceutical stocks in India? The sector that has corrected sharply in the last few weeks is the pharma sector. At a time when the Nifty has bounced nearly 750 points from its budget-day low, the pharma sector has largely underperformed. This is ironic because over the last 5 years,…

Oil Price Bounce

How feasible is a sharp bounce in the year 2016? Nobody is willing to believe that oil can bounce by 40% in the year 2016. But then, nobody expected gold to give a return of 18% in two months since mid-December 2015. A recent report by UBS points out that while oil will continue to…