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Moneylife Digital Team 23 October 2013
Credit Suisse says that the “hopes” pinning on a victory for BJP led by Narendra Modi during 2014 general election plus attractive valuations of beaten down sector and ample global liquidity are fuelling massive speculation Credit Suisse has said that the chances of a Narendra Modi-led...

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Moneylife Digital Team 23 October 2013
During September quarter, Ramco Cements (erstwhile Madras Cements) reported 86% decline in its net profit at Rs18.27 crore on sluggish demand and high costs. However, MAT credit boosted its bottomline The Ramco Cements Ltd (formerly known as Madras Cements), south India’s second largest...

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Moneylife Digital Team 23 October 2013
V-Guard sales were affected in Andhra Pradesh over the frequent shut downs due to Telangana issue, while better power situation across states affected volumes in UPS segment Kerala-based electrical appliances manufacturer V-Guard Industries Ltd said its second quarter net profit fell...

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Moneylife Digital Team 22 October 2013
Buoyed by strong increase in demand for its tractors and engines, Swaraj Engines reported a formidable growth for the second successive quarter  Swaraj Engines, the Punjab-based tractor manufacturing company, reported a 23% higher net profit during the second quarter on robust sales of...

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Moneylife Digital Team 22 October 2013
The uptrend in the last two days was stymied in a yet another choppy trading session today. Nifty is still on an uptrend. The first sign of weakness will be a close below 6150 tomorrow The markets on Tuesday opened weakly, and nervously stayed in the green through the morning session...

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Moneylife Digital Team 22 October 2013
During the September quarter, Persistent Systems recorded robust growth in net profits on strong revenues from its infrastructure and systems segment Persistent Systems, information technology (IT) and software services provider, reported a 45% jump in its second quarter net profit on...

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Moneylife Digital Team 22 October 2013
Slowdown in infrastructure and household projects results in decrease in profit for the country’s largest cement manufacturer during the September quarter UltraTech Cement Ltd, India’s largest cement manufacturer, reported a 52% fall in its September quarter net profit on sluggish demand...

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Moneylife Digital Team 21 October 2013
One of the leading paint companies in India delivered healthy results, a 39% jump in its net profit, driven by good volumes in tier-II and tier-III cities Asian Paints Ltd, India’s largest paint manufacturing company for decorative and industrial uses, reported a 39% jump in its second...

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Moneylife Digital Team 21 October 2013
After a sharp run up on Friday, the markets today were choppy. There is no sign weakness as of now On Monday markets opened strongly but reacted almost soon after. The morning session was mostly positive while the afternoon session was mostly in the red. In the final session there was a...

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Moneylife Digital Team 21 October 2013
M&M financial reported 18% growth in net profit at Rs221.16 crore, driven by 31% increase in its total revenues and 17% growth in sanctioned loans Mahindra & Mahindra Financial Services Ltd (MMFSL), reported a 18% increase in its second quarter net profit on standalone basis due to...

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Moneylife Digital Team 21 October 2013
HDFC posted an average second quarter results for the 2013-14 fiscal. Its net profit rose 9% while total revenues increased by 12% to Rs5953.9 crore Housing Development Finance Corp (HDFC) posted a net profit of Rs1,266.33 crore for the quarter ended 30 September 2013, a rise of 9%...

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Moneylife Digital Team 21 October 2013
Supreme Petrochem's September quarter net profit increased significantly at 315% to Rs26.55 crore on strong overseas revenues, despite higher tax expenses Supreme Petrochem Ltd (SPL), India’s largest producer and exporter of polystyrene polymer, reported a 315% jump in its net profit to...

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Moneylife Digital Team 21 October 2013
During the second quarter, Petronet LNG’s net profit fell to Rs181.75 crore as its expenses increased 30% Petronet LNG, India’s largest importer of liquefied natural gas (LNG), reported a 42% fall in its second quarter net profit due to higher oil import cost, weakened rupee and...

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Moneylife Digital Team 18 October 2013
There is no sign of a market decline currently but watch out for a reaction late Tuesday or Wednesday The markets had a great week with BSE 30-share Sensex rising 354 points (or 1.73%) to close the week at 20882.89, while the Nifty closed at 6,189, up 93 points (or up...

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Moneylife Digital Team 18 October 2013
Despite an increase in expenditure, VST industries reports a 17.5% increase in net profit VST industries, a Hyderabad based third largest cigarette manufacturing company of India,  has announced a healthy results for the quarter ending on 30 September 2013. The company reported...

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Moneylife Digital Team 18 October 2013
The upward momentum is strong and FIIs are pouring in money but they have a habit of being very bullish near market tops On Friday, the indices put on a massive rally after two days of weakness. Markets open strongly and sustained the upward trend, stabilized mid-session rallying again...

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Moneylife Digital Team 18 October 2013
Despite a marginal increase in expenditure, RS Software announces a rise in profit driven by a 23% rise in income RS software India, a Kolkata-based software company reported 23% increase in net income at Rs9,550 lakh for the quarter ended 30th September 2013 as against Rs7,752 lakh for...

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Moneylife Digital Team 18 October 2013
Owing to the volatility of the rupee and the global trend of high crude oil and base oil prices, Castrol India reports a sluggish growth in net profit and predicts a negative impact on short term growth and margins Castrol India, India’s second largest manufacture of automotive and...

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Moneylife Digital Team 17 October 2013
Nifty has closed below the crucial level of 6,060 for a few days of decline. The indices on Thursday opened slightly up at the start of the session but immediately went into the red. It then corrected again and stabilised around the previous day’s close for a while. However, post-lunch,...

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Moneylife Digital Team 17 October 2013
Infotech, global diversified engineering company, in its September ended quarter reported 44% growth in its net profit due to healthy overseas revenues and strong order book. It recorded highest ever net profit, revenues and operating profit this quarter Infotech Enterprises Ltd, a...

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