COMPANIES & SECTORS


Moneylife Digital Team 15 February 2013
Consolidated total income dropped 19.6% to Rs4,047.7 crore from Rs5,033.5 crore during the same period Suzlon Energy, one of the largest wind turbine suppliers, reported a consolidated net loss of Rs1,154.5 crore in the third quarter of FY13, a four-fold increase compared to a loss of...

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Moneylife Digital Team 15 February 2013
The company said the growth in revenue was on the back of strong demand, growth in volumes and favourable market mix at Jaguar Land Rover Tata Motors on Thursday reported a 52.2% decline in consolidated net profit for the third quarter ended December 2012 at Rs1,636.01 crore compared...

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Moneylife Digital Team 14 February 2013
Supreme Infrastructure (one of our Street Beat picks) has posted good third quarter results, with strong sales and operating profit and got a good pipeline of orders during the third quarter. We had written about the stock when it was Rs290.80. It is now quoting at Rs205. As we had feared, is...

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Moneylife Digital Team 14 February 2013
The total provisioning of the bank stood at Rs4,394.70 crore during the December quarter, up from Rs3,996.97 crore in the year-ago period State Bank of India (SBI), the country’s largest lender, reported a marginal 4.08% increase in net profit at Rs3,396 crore for the third quarter ended...

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Moneylife Digital Team 14 February 2013
Wipro was down 3.13% to Rs396.65 on the NSE and Siemens was trading 3.32% lower at Rs584.50 in noon trade following the announcement IT major Wipro and diversified group Siemens will be excluded from the National Stock Exchange's benchmark index Nifty from 1st April.   India...

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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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Moneylife Digital Team 13 February 2013
India is witnessing good interest in the retailing segment, ever since the government allowed 100% FDI in single brand retail last January The finance ministry on Wednesday cleared four foreign direct investment (FDI) proposals in single-brand retailing, including that of Decathlon and...

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Moneylife Digital Team 13 February 2013
Reebok India had filed an FIR alleging fraud by its former managing director Subhinder Singh Prem and Bhagat. Both of them have denied the charges The Institute of Chartered Accountants of India (ICAI) has issued a show-cause notice to Reebok India’s former chief financial officer Vishnu...

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Moneylife Digital Team 13 February 2013
The bankers, who in Mumbai on Tuesday, said they had given the airline sufficient time for a fresh equity injection, but there was no headway. Meanwhile, a top banking official said the value of the Kingfisher brand and the personal guarantee of Mr Mallya was more than the exposure A...

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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 11 February 2013
Total sales of vehicles across categories registered a growth of 5.31% to 15,61,104 units in January 2013 against 14,82,437 units in the same month of 2012 Domestic passenger car sales declined 12.45% to 1,73,420 units last month compared with 1,98,079 units in the same month of...

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Moneylife Digital Team 11 February 2013
Due to shortage of gas, the company—promoted mainly by NTPC and GAIL—has been generating only half of the installed capacity of 1,967 MW for than two years Ratnagiri Gas and Power, formerly known as Dabhol Power, said it has completely shut down power generation for want of gas since...

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Moneylife Digital Team 08 February 2013
Solar Industries (one of our earlier stockletter picks) has posted average third quarter results. Sales were sluggish because of slower exports and new ammonium nitrate regulations. We had recommended the stock on 19 August 2011 at Rs736.55 for our Antelope and Lion stockletters and exited at...

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Moneylife Digital Team 08 February 2013
Tax expenses jumped to Rs 63.03 crore in October-December quarter compared to Rs17.36 crore in the year-ago period Cadila Healthcare’s consolidated net profit declined more than 31% year-on-year to Rs 103 crore in the third quarter of financial year 2012-13 from Rs149 crore, mainly on...

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Moneylife Digital Team 08 February 2013
The decision to spend the money comes on the back of an alliance between the Indian MNC and three major European car manufacturers to understand their requirements for future car models Tata Steel has drawn up an investment plan of 2.3 million euros (Rs16.5 crore) to develop “next...

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Moneylife Digital Team 08 February 2013
Finance cost rose to Rs169 crore in the December quarter, up from Rs79 crore in the year-ago period on greater average borrowings Hindalco Industries’ December 2012 quarter net profit fell 4% to Rs434 crore, year-on-year on higher finance cost, which rose to Rs169 crore from Rs79 crore,...

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Moneylife Digital Team 08 February 2013
Total income from operations increased 0.5% y-o-y to Rs 759 crore while EBITDA went up by 25.5% y-o-y to Rs320 crore in the third quarter Great Eastern Shipping Company’s consolidated net profit rose by 1.21% year-on- to Rs 192 crore in the third quarter of financial year 2012-13...

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Moneylife Digital Team 08 February 2013
Provisions against bad loans went up nearly 49% quarter-on-quarter to Rs626 crore in October-December quarter Public sector lender Canara Bank’s third quarter net profit dropped 19% year-on-year to Rs710.5 crore, due to higher provisions. Net profit in the previous corresponding period...

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Moneylife Digital Team 08 February 2013
“The new organisation design is aimed at furthering the company’s initiatives to build a more connected organisation, aimed at delivering a world-class experience to customers,” the company said in a statement Private telecom services major Bharti Airtel on Thursday split its Indian...

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