DAILY NEWS: OUR PICKS


Moneylife Digital Team 13 February 2013
Madras Cements (one of our Street Beat picks) has posted decent third quarter results, amidst difficult economic conditions and survived a cement dealers’ strike. We had recommended the stock on 8 May 2012 at Rs 107.10. The stock closed at Rs242.65 today, up by 126.78% in over eight months

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Raj Pradhan Raj Pradhan 13 February 2013
IRDA came out with numerous initiatives last year including draft health insurance guidelines. While these will help to confine the role of TPA to claims processing and not settlement, there are vital issues that have been ignored The Insurance Regulatory and Development Authority (IRDA)...

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Raj Pradhan Raj Pradhan 13 February 2013
It is a debatable whether a healthy person really needs preventive health check-up. Today, you may be subjected to unnecessary CT scans in case you choose an advanced PHP. Customers should beware as an extensive check-up is not in your interest Got your preventive health check-up done?...

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Moneylife Digital Team 13 February 2013
The Nifty went past our target of 5,960 but could not sustain. The market seems to be trapped in the 5,890-5,970 range. The medium-term trend continues to be strongly down   Although the market was in the positive throughout the trading session, the benchmarks pared their gains in late...

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Moneylife Digital Team 13 February 2013
Expressing surprise over a very regressive order by Delhi's Education Department, the Commission hoped that the education director would review the decision with some rationality. This is the 40th in a series of important judgements given by former Central Information Commissioner Shailesh...

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Vinita Deshmukh Vinita Deshmukh 13 February 2013
Master Service Agreement shows that TCS is responsible for operations, printing of passports and addressing ‘grievances’. Pune Passport Grievance Forum to file complaint with CIC for not adhering to pro-active disclosures under Section 4 of the RTI Act Regional Passport Officer, Pune,...

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Veeresh Malik Veeresh Malik 13 February 2013
The scooter has distinct advantages which cannot be matched by motorbikes The scooter seems to be making a come back. Bajaj Auto had decided to concentrate more on motorcycles a few years ago and is now depending, in a large way, on its three-wheeler product. This must be one company...

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Moneylife Digital Team 12 February 2013
At a high court hearing of a public interest litigation filed by Gaurang Damani, IRDA’s legal representative stated that health insurance draft guidelines clearly specify that the TPA should get no incentive to reduce the claims ratio At the Bombay High Court hearing, the Insurance...

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Moneylife Digital Team 12 February 2013
Domestic Institutional Investors (DIIs) have sold an estimated $3.5 billion worth of equities, in contrast to their foreign counterparts who have been pumping money as if there is no tomorrow. They are averse to financials while FIIs are heavily betting on exactly those Yesterday, we had...

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Moneylife Digital Team 12 February 2013
Motherson Sumi (one of our stockletter picks) has posted very good third quarter results, with We had recommended the stock on 1 June 2012 at Rs 107. The stock closed at Rs190.45 today, up by 77% in eight months Automobile ancillary producer and flagship of the Samvardhana Motherson...

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Moneylife Digital Team 12 February 2013
Insecticides India (one of our Street Beat recommendation) has posted average third quarter results, with both sales and profit trending upwards. We had recommended the stock on 18 October 2012 at Rs 412. The stock closed at Rs405 today, down 2% in four months We had written about...

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Moneylife Digital Team 12 February 2013
Information provided by an individual in fulfilment of statutory requirements is neither covered by the exemption under Section 8 (1)(j) of the RTI Act nor can it be called an unwarranted invasion of his privacy. This is the 39th in a series of important judgements given by former Central...

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Moneylife Digital Team 12 February 2013
The medium-term trend remains down. A 3-4 day rally may be met with renewed selling   The market settled higher despite the dismal macro-economic numbers released today, with the Sensex snapping its eight-day losing streak. However, the medium-term trend remains down. A 3-4 day rally...

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Raj Pradhan Raj Pradhan 12 February 2013
IRDA came out with many initiatives last year including the integrated grievance management system (IGMS). Still, given the amount of mis-selling and fraud, a lot needs to change to improve customer satisfaction including empowering the insurance ombudsman to levy penalty on insurers The...

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Narasimhan Balakrishnan 12 February 2013
For a movie that is the brainchild of the so called ‘intellectual’ of Tamil cinema, the movie is painfully childish and stupid even, in bits. And there’s the threat of a sequel coming soon, to boot, much more real than any terrorist threat While I certainly don’t know enough to comment...

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Moneylife Digital Team 11 February 2013
FIIs poured as much as $8.4 billion into Indian equities in the third quarter and much of it into banking and financial sectors Foreign Institutional Investors (FIIs) have been pumping money into the Indian stock market as if there is no tomorrow. According to Edelweiss, FII holdings in...

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Moneylife Digital Team 11 February 2013
If the Nifty is able to rally from this level, it may head for 5,960   The market continued its losing streak into the new week on lack of cues from Asia and on concerns about the nation’s economic growth. However, if the Nifty is able to rally from this level, it may head for 5,960....

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Raj Pradhan Raj Pradhan 11 February 2013
It is a debatable topic whether a healthy person really needs a preventive health check-up. If you want to avail of a preventive health check-up, the government is giving you an incentive of tax deductions up to Rs5000. Is the amount fair? Got your preventive health check-up done? If you...

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Moneylife Digital Team 11 February 2013
Equity mutual fund schemes recorded one of their highest sales in the last 17 months in January. But redemptions were massive too, leading to a net outflow of Rs2,690 crore Equity mutual fund schemes recorded sales of Rs5,599 crore in January 2013, according to data from the Association...

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Moneylife Digital Team 11 February 2013
Allowing 65 appeals, the CIC expressed distress over the fact that organized illegal constructions are being undertaken in the capital, apparently with the collusion of MCD and perhaps other official bodies. This is the 38th in a series of important judgements given by former Central...

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