STOCKS


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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Moneylife Digital Team 11 February 2013
Growth is slow but it is a solid and profitable business Elgi Equipments Limited (EEL) is headquartered in Coimbatore. Its products are used in a wide range of applications. It is a leading manufacturer of air compressors and automobile service station equipment. In August 2012, EEL...

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Moneylife Digital Team 09 February 2013
While the market may try to bounce back, the medium-term trend is firmly down The market closed lower this week, down for the second straight week, as the government lowered the GDP growth rate estimate for the current fiscal to 5%, compared to 6.2% growth in 2011-12. Macro-economic...

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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
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
Yesterday we asked if a vicious downtrend is in store. That’s how it is shaping up. As a matter of caution, downtrend may get arrested if the Nifty closes above 5,970   The market settled in the red as their quarter earnings of corporates came below expectations and on selling in...

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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 NTPC offering was the government's third divestment in the current fiscal during which it has a target of Rs 30,000 crore Government-owned power utility major NTPC’s one-day offer for sale (OFS) through which the government sold 9.5% stake in the company was subscribed 1.7 times on...

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Moneylife Digital Team 07 February 2013
What if we were a mutual fund company and launched a new scheme in a bullish market? That would be the true test of stock-picking and market-timing skills. That’s exactly the test we are putting ourselves to The long-term stockgrader, which has been running for just under four years, has...

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Moneylife Digital Team 07 February 2013
We expected a small bounce back yesterday before a bigger decline. This has not happened. Is a big vicious decline on the cards? The market closed lower as the government lowered its GDP growth estimate for the current fiscal to 5%. We expected a small bounce back yesterday before a...

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Moneylife Digital Team 07 February 2013
Venus Remedies (one of our stockletter picks) has posted satisfactory third quarter results, with both sales and profit trending upwards. We had recommended the stock on 18 May 2012 at Rs 161.10. The stock closed at Rs248.55 today, up by 54% in 9 months  We had written about Venus...

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Moneylife Digital Team 07 February 2013
GMR says the payment would help it to improve the cash-flow and profitability position for Delhi and Hyderabad airports The GMR Group said has it received Rs415 crore from national carrier Air India as part its dues for airport charges for Delhi and Hyderabad airports. This amount also...

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Moneylife Digital Team 07 February 2013
The Coimbatore-based sugar company and diversified entity disappointed amidst difficult conditions even as government attempts to decontrol the industry Rajashree Sugars & Chemicals, which is into sugar, distillery, power and biotechnology and based in Coimbatore, has reported a net...

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Moneylife Digital Team 07 February 2013
Higher international sales boosted the company’s topline even as global economic environment remained challenging. It plans to invest in plants to further boost topline and bottomline Jindal Saw, one of the leading pipe manufacturers, recorded net profit of Rs60 for the three months...

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Moneylife Digital Team 07 February 2013
The company reported disappointing third quarter results for the 2013 fiscal as both net sales and net profit slumped while debt remains high Ballarpur Industries (BILT), the Gautam Thappar-promoted entity, has reported a consolidated sales turnover of Rs 1,199.28 crore for the three...

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Moneylife Digital Team 07 February 2013
Global economy headwinds meant that much of the world dependent on world trade, especially sea trade, have got affected Gateway Distriparks, which is into general and bonded warehousing, handling and clearing of sea borne EXIM cargo in containerized form, has reported over 13%...

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Moneylife Digital Team 06 February 2013
Initial results and preliminary analysis by Moneylife shows a possible rebound on the cards. However, it is too early to say anything concrete as yet. But the results are interesting nonetheless A Moneylife research team has revealed that overall the earnings seasons for the December...

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