STOCKS


Maruti Suzuki zoomed 9% and Hero Honda surged 5% on the back of robust sales growth in August Gainers: Maruti Suzuki India gained 9% on the back of a 42% surge in car sales in August over the same month last year. It also plans to double its exports this fiscal year to 1.5 lakh units and is...

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Dhanalakshmi Bank zoomed 17% on the back of a brand revamp plan Gainers: Dhanalakshmi Bank (up 17%) plans a brand transformation initiative which will include changing the logo and related branding treatment. The Bank has hired London-based Fitch for the rollout of a new brand identity and...

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Oil & gas services soared, despite sluggishness in the price of crude oil. Education, office equipment and real estate also gained smartly. Healthcare was the worst performer, followed by oil & gas. Steel ended flat, despite signs of a revival in demand.

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Insider activity was minimal last fortnight. The main promoters of Neocure Therapeutics were very active. Rajeev Reddy, chairman & MD, bought 3,25,855  shares; Siddharth Reddy, joint MD & CEO, bought 3,23,840  shares; and Varun Reddy, joint MD & COO, bought 3,57,727 shares. Each of them has a...

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Nitta Gelatin is 80% owned by a Japanese company and its profits are growing fast Nitta Gelatin Ltd (NGL) registered a terrific performance in 2008-09. Sales increased 25% due to increased production, better price realisation and improved sales mix. This is clear from the fact that while...

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During the past one year of sluggish economic growth, the performance of several sectors has been salvaged by the robust growth in rural consumption. This includes steel for roofing, mobile services, commercial vehicles to serve the rural needs and growing demand for consumer goods from rural...

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These 6 stocks make excellent returns on equity, are growing fast and are reasonably priced Cement companies have surprised us with unexpected growth in the June quarter, following up on their strong performance in FY09. They have not only braved the domestic slowdown but also the looming...

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Renuka Sugars rose 18%, Jetking gained 15% and HCL was up 10% Gainers: Shree Renuka Sugars gained 18% on expectations of a rise in sugar prices because of lower production. Jetking Infotrain gained 15%.  HCL Technologies (up 10%) posted a rise of 3% in sales and 343% in operating profit in the...

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Emco Transformer is still cheap With the acquisition of Urja Engineers in 2007, Emco Ltd entered the business of setting up electricity transmission lines of up to 765kv capacity with an increased tower manufacturing capacity of 45,000 metric tonnes (MT) per year. This has helped Emco become a...

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    Promoters of Raasi Cement are scripting a new story One sector that has surprised everybody by its resilience is cement. Demand has been robust even in the supposedly lean last few quarters and new supplies are getting absorbed. In FY09, about 23 million tonnes (MT) of capacity went...

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Software stocks continued to gain on hopes of a US recovery. But the biggest gainers were two small-cap stocks Gainers: Ador Fontech and Aarti Industries were the top performers in the long-term list with both gaining 11% each.  Nava Bharat Ventures, Tata Consultancy Services and LIC Housing...

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Two stocks from our long-time favourite sector, sugar, made huge moves. Shree Cement surprised again Gainers: Deficient rains are likely to delay cane crushing by one month. Meanwhile, in the international markets, sugar hit a 28-year high. Sugar has been our favoured sector for a long time....

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Strong June-quarter results sparked a rally in Patni Computer (up 29%) and Glodyne Technoserve (up 21%) Gainers:  A positive currency movement and cost-cutting helped Patni Computer post a growth of 18% and 75% in sales and operating profit in the June quarter. However, Patni has given a muted...

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  Financial Technologies rose 31%, Jaiprakash rose 30%, Nava Bharat 24% and Wipro 20% Gainers: Financial Technologies has sold 5% stake in MCX Stock Exchange (MCX-SX) at Rs35 per share to IFCI for Rs250 crore in line with its strategy to bring down its holding below 51%. The stock shot up 31%....

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  Gainers: The biggest gainer among bank stocks was ICICI Bank; it was up 22%. Axis Bank posted a 34% and 47% increase in income and operating profit, respectively, in the June quarter but the stock had already run up. It rose 21%.  Tata Consultancy Services posted a growth of 8% and 12%,...

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Our selected stocks from pharma to software to cement, all gained handsomely Gainers: Nava Bharat Ventures (up 24%) gained the maximum. Lupin plans to invest Rs450 crore to accelerate growth. It will increase capacities in India to serve the global market. The stock surged 19%. Another pharma...

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The Budget spooked bank stocks on fears of higher government borrowing; PSUs like GAIL and SAIL did better Gainers: Jain Irrigation has received a contract worth Rs158 crore from various Coca-Cola bottlers to supply mango pulp for the 2009-10 season from its two processing plants located in...

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Jain Irrigation and Gas Authority were among the surprising winners in a bleak fortnight Gainers: Jain Irrigation Systems has received a contract worth of Rs158 crore to supply mango pulp to Coca-Cola plants for the 2009-10 season. The stock gained 15% on the news. GAIL (India) plans to raise...

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Ceat Tyres was a stunning winner among momentum stocks in a market where the slide is gathering speed. BEML rose 10% and is worth watching Gainers: While we had identified Ceat Tyres as a momentum play, it was a surprisingly powerful gainer last fortnight shooting up 22%. Bharat Earth Movers...

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Educomp surged 16% on the news of UK publishing group Pearson plc. NTPC fell by 12% Gainers: Educomp Solutions surged 16% on the news that Pearson plc, the world-renowned publishing company (controlling the Financial Times group), will acquire a 50% stake in Educomp’s existing vocational...

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