COMPANIES & SECTORS


Moneylife Digital Team 23 July 2013
The flagship company of the Shriram group has reported benign first quarter results, with profit just rising by 5.96% due to challenging automotive market and a sluggish trucking market   Net interest income of Shriram Transport Finance Company, for the quarter ended 30th June...

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Moneylife Digital Team 23 July 2013
Relatively lower gold prices and pick up in demand boosted net sales, but it wasn’t enough for Thangamayil Jewellery to stem the steady decline in operating profit Thangamayil Jewellery saw its net sales rise 19% year-on-year (y-o-y) during the first quarter, helped by relatively lower...

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Moneylife Digital Team 23 July 2013
For the June quarter, Greenply, the country’s largest interior design company, has reported positive results amidst economic uncertainty. Both sales and net profit increased by 11.6% and 25.6%, respectively. The stock has caught the fancy of foreign institutional investors Greenply...

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Moneylife Digital Team 23 July 2013
Nomura expects continued growth momentum from Zee Entertainment in 1QFY14, while for Dish TV it expects higher concentration of content cost which will subdue the quarterly operating outcome   In the media sector, Zee Entertainment is expected to have robust growth momentum led by...

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Moneylife Digital Team 23 July 2013
Every 1% of rupee depreciation can lead to 30 basis points margin expansion and around 1.5% increase in EPS, estimates Nomura Equity Research in its report on Bajaj Auto Bajaj Auto’s 1QFY14 adjusted margin came in at 20.4% compared to Nomura Equity Research’s estimate of 18.6%, leading...

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GSPC still needs to obtain various clearances relating to environmental and coastal regulatory zone clearances for laying some 10 km underground pipeline and commissioning of the onshore terminal Although Gujarat State Petroleum Corporation (GSPC) struck gas in the KG (Krishna-Godavari)...

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Moneylife Digital Team 22 July 2013
Prime Securities is a stockbroking company in which ‘promoters’ have no shares! It is running a PMS where investors stand to lose money because SEBI’s mulish attempt to keep PMS performance hidden. How much worse can it get? Prime Securities, a Mumbai-based brokerage, promoted by former...

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Moneylife Digital Team 22 July 2013
Why are lenders to Kingfisher Airlines reluctant to sell shares even though they are entitled to do so? The consortium of lenders, which includes State Bank of India (SBI), ICICI Bank, Axis Bank, which lent money to the beleaguered Kingfisher Airlines (KFA) in exchange for pledged

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Moneylife Digital Team 22 July 2013
The trial court had on 19th July said that the CBI’s plea to summon Anil Ambani, Tina and 11 others as prosecution witnesses was essential for arriving at a just decision in the case Reliance Telecom (RTL) today moved the Supreme Court challenging trial court’s order summoning Reliance...

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Nitin A Khandkar 22 July 2013
After the market closed on 18th July, Bajaj Corp announced an offer for sale at Rs200. Strangely, during the day, the stock had already fallen from Rs264 by as much 10% on huge volumes. Will SEBI continue to sleep? Or will its officers find out the details and “settle”?   Bajaj Corp...

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Moneylife Digital Team 19 July 2013
HDFC reported 17% growth in its first quarter net profit on healthy loan book growth and stability witnessed on the spreads Housing Development Finance Corp (HDFC), the country's largest home loan provider reported a a 17% higher net profit for the first quarter due to strong demand for...

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Moneylife Digital Team 19 July 2013
SEBI as well bourses NSE, BSE and MCX-SX has decided to suspend 'unique client codes' of the 26 entities, including Gitanjali Gems' managing director and Prime Securities from trading for six months due to suspected market manipulation Market regulator Securities and Exchange Board of...

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Moneylife Digital Team 18 July 2013
Poor revenues on account of lower volumes, discount on trucks, higher fixed costs and increasing finance costs negatively impacted the bottom line of the company. After disappointing Q4FY13 results Ashok Leyland reports a net loss of Rs141.75 crore in Q1FY14. This was the first time...

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Moneylife Digital Team 18 July 2013
After its share price plummeted 13% in the last few days Yes Bank sent a mailer to all its “valued” shareholders” citing broker research reports to hold on to their dear stock even as it prepares to declare quarterly results. Is SEBI concerned at all? In a strange move, Yes Bank...

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Moneylife Digital Team 17 July 2013
As of 30 June 2013, HDFC Bank's portfolio quality remained healthy, with gross non-performing assets (NPAs) at 1% of gross advances and net non-performing assets at 0.3% of net advances   Private sector lender HDFC Bank on Wednesday reported 30% growth in net profit at Rs1,843.86...

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Moneylife Digital Team 17 July 2013
The apex court said that the high court and SAT shall not pass any order relating to its direction to Sahara group to refund Rs24,000 crore to investors    The Supreme Court today hauled up the Securities Appellate Tribunal (SAT) for restraining the Securities and Exchange Board of...

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Moneylife Digital Team 17 July 2013
Development Credit Bank added seven new branches during the quarter, taking the total to 101 branches during the quarter, says Nomura Equity Research   Development Credit Bank (DCB) continued its impressive run, with its twelfth consecutive quarter of 50%-plus y-o-y earnings growth...

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Moneylife Digital Team 17 July 2013
Recent RBI measures to tighten domestic liquidity conditions will be negative for economic growth outlook and will raise short-term interest rates, leading to poor credit growth for vehicle purchases, says Nomura Equity Research   The recent rise in fuel prices (along with the...

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Moneylife Digital Team 17 July 2013
The first company to get listed on the NSE’s SME platform, EMERGE, is showing promise as it announces a dividend and bonus shares in its first year of listing. The ambitious company, with decent fundamentals, is also rapidly expanding abroad   Thejo Engineering, the first company to...

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Moneylife Digital Team 17 July 2013
Investments in new themes including social, mobile, analytics and cloud (SMAC) are likely to be from multinational IT companies, concludes Nomura Equity Research   Near-term focus in the information technology (IT) sector in Nomura’s view is likely to remain more towards traditional...

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