COMPANIES & SECTORS


Moneylife Digital Team 20 February 2013
Under the scheme, brokers and other market intermediaries will be given incentives for a specified period of time to bring in liquidity and generate investor interest in those securities which have limited trading activity MCX Stock Exchange (MCX-SX) on Tuesday said it will launch...

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Moneylife Digital Team 19 February 2013
More than 90% of sales for Balkrishna come from exports, making it vulnerable to the imposition of anti-dumping duty by any target market, says broking firm Espirito Santo Securities. We in our Antelope Stockletter had recommended Balkrishna Industries in the weekly issue date 11 July 2011...

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Ruias are  trying to escape action by negotiating a settlement in the controversial 2G issue Another part of the 2G scandal that was getting ready for a quiet burial will probably suffer collateral damage due to the sacking of CBI’s public prosecutor for conspiring with Unitech. On...

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Moneylife Digital Team 19 February 2013
The Supreme Court has ordered the auction of entire spectrum that was vacated by 122 2G telecom licences that court had cancelled on 2 February 2012 The government will conduct the third round of 2G GSM spectrum auction immediately after the bidding for the radiowaves ends in March in...

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Moneylife Digital Team 19 February 2013
The internet service provider licence holders who hold BWA spectrum, if they wish to provide mobile services using that spectrum, then an additional fee of Rs1,658 crore will be levied for migration to Unified Licences,” Telecom Commission chairman and telecom secretary R Chandrashekhar said

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Moneylife Digital Team 18 February 2013
National Peroxide (one of our Street Beat picks) has posted third quarter results, with both sales and profit trending upwards. We had recommended the stock for the 8-21 February 2013 issue at Rs474. The stock closed at Rs479 today We recently wrote about National Peroxide in our 21...

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Moneylife Digital Team 18 February 2013
Telenor which participated in the November 2012 auction through new entity Telewings Communications and won spectrum in six circles said, “All Uninor customers from Maharashtra, Goa, Gujarat and other circles will continue to be able to use their Uninor phones in Mumbai Private telecom...

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Moneylife Digital Team 18 February 2013
Cairn believes the Rajasthan block holds an in place resource base of 7.3 billion barrels that can support 300,000 bpd of output After protracted delays, a block oversight committee, headed by the Directorate General of Hydrocarbons (DGH), on 14th February, allowed the company to drill...

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Moneylife Digital Team 15 February 2013
Power Grid Corporation’s muted earnings and certain risk factors continue to remain. Despite somewhat negative news, Nomura remains upbeat on the power utility. The management of the company remains tight-lipped about divestment rumours   Nomura takeaways from the Power Grid...

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Moneylife Digital Team 15 February 2013
Volume growth for JLR should remain robust in FY14F led by strong growth in China, says Nomura Equity Research in its report on Tata Motors Volume outlook in the domestic MHCV (medium and heavy commercial vehicle) industry remains weak at least in the near term. The recent decline in...

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Moneylife Digital Team 15 February 2013
Indian steel demand has grown at a rate of 4%-5% for the last 12-18 months and has now started to reflect in the weakened pricing power of the companies, says Nomura Equity Research in its report on medium-term prospects for Tata Steel Weak domestic steel demand growth in the last 12-18...

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Moneylife Digital Team 15 February 2013
The company hopes to add $20 million in revenues in FY13 and improve its focus on client retention and acquisition on its non-core client base. Nomura thinks the company is worth Rs110 per share Nomura Equity Research, which hosted Hexaware non-deal roadshow, reports that the management...

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Moneylife Digital Team 15 February 2013
State Bank of India’s loan and deposit growth both came in at 16% year-on-year, with a stable CASA ratio of 45.5%, reports Nomura Equity Research in its Quick Note SBI (State Bank of India) reported 3QFY13 net profit of Rs34 billion, marginally lower than Nomura’s estimate of Rs34.4...

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Moneylife Digital Team 15 February 2013
Telecom companies which continued operation after cancellation of licences will pay fee as per reserved price fixed for fresh auction in November 2012 The Supreme Court on Friday ordered telecom companies whose licences were cancelled and did not participate in fresh auction for 2G...

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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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