STOCKS


Moneylife Digital Team 25 February 2013
Nifty may remain directionless until budget   Most of the Asian indices opened in the positive on the speculation that the next Bank of Japan governor will deploy aggressive monetary easing. On Friday, the US stocks rallied after better-than-expected results from personal-computer...

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Moneylife Digital Team 25 February 2013
Shares of Core Education & Technologies, ABG Shipyard, DB Realty, Welspun Corp and Orbit, which are part of Sanjay Dangi’s portfolio, hit their 52-week low today. Market rumours are that the speculative operator has gone bust due to margin pressures. Remember, operators almost always front...

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Moneylife Digital Team 23 February 2013
If the Nifty stays above 5,820, it will try to head for 5,950. A fall below 5,820 could be disastrous for the bulls The market settled lower for the fourth week in a row, this time on cautiousness ahead of the Union Budget and negative sentiments from the US. Key events to be watched...

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Moneylife Digital Team 22 February 2013
Yesterday, we had mentioned that the Nifty’s support is at 5,820. Today, the benchmark made a low of 5,836. Yet, strong downward momentum is lacking   The market closed flat with a negative bias amid highly volatile trade as cautiousness prevailed ahead of the Union Budget and sluggish...

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Moneylife Digital Team 22 February 2013
Gujarat Gas (one of our Long Term picks) has posted decent third quarter results despite weak volumes. The stock appeared on the Long Term section in our 8-21 February 2013 issue with an entry price of Rs312.45. The share price is currently Rs289.20 on the BSE. Net sales of Gujarat Gas...

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Moneylife Digital Team 21 February 2013
Nestle India has posted impressive net profit for the December quarter but the Europe horsemeat fiasco could affect its Indian operations or the brand image could take a beating. Not surprisingly, the fiasco found no mention in the Edelweiss’ analyst report Nestle India has performed...

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Moneylife Digital Team 21 February 2013
Yesterday we had mentioned that Nifty could still rise provided it does not close below 5,905. Today it fell below 5,905 in the first 10 minutes and then continued to fall. The next support is at 5,820   The market erased the gains accrued in the last three trading sessions on a...

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Moneylife Digital Team 21 February 2013
Motilal Oswal has come up with its quarterly review and is bullish about the future and expects the Sensex to grow at 16% CAGR till FY14, despite economic headwinds and deteriorating macroeconomic conditions With the third quarter earnings season more or less done, corporate India has...

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Moneylife Digital Team 20 February 2013
Edelweiss said while net profits of companies it tracks grew by just 2.7%, revenues increased 11.7% during the December quarter as against its expectations of 10.4%, which came as a positive surprise The December quarter for Indian companies, excluding oil marketing companies, proved to be...

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Moneylife Digital Team 20 February 2013
Nifty’s uptrend is still on the cards as long as it does not close below 5,905   The market managed to settle marginally in the green as the benchmarks pared early gains on nervousness ahead of the Union Budget, which is to be presented on 28th February. Nifty’s uptrend is still on the...

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According to Credit Suisse, earnings estimates are coming down again. Its January consensus estimate for FY14 EPS ticked upwards but this seems like a head fake and there would be another 8%-10% downside in coming quarters. During the third quarter (Q3) that ended in December 2012, sales...

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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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Moneylife Digital Team 19 February 2013
The Tulip Telecom stock has crashed even as Nomura held out ‘Buy’ and ‘Hold’ recommendations. This shows how analysts can go completely wrong if they allow themselves to be misled by the company they track Brokerages and research institutions, especially those dealing with the securities...

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Moneylife Digital Team 19 February 2013
As of now, the market has reversed into a short pre-budget rally that may last for 3-4 days The market, which was sideways for a major part of the trading session, witnessed a smart recovery from the lows to close in the positive for the second day in a row. As of now, the market has...

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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
If the Nifty falls below 5,850, watch out for 5,825. A reversal will happen above 5,925 The market snapped its two-day losing streak and settled higher on gains in capital intensive sectors and the broader markets, which were underperformers last week. However, the market continues to...

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Fundamentals have reasserted. With a 5% GDP growth, the rupee at 54 to the US dollar, and inflation at double-digits, how will the FM rekindle growth? Two issues back, in the third week of January, I had written, “While the market may rally a bit more because money is still flowing in...

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Moneylife Digital Team 16 February 2013
The Nifty will have to close above 5,920 in the next two days for a short upmove to start   Underperformance by the broader indices, mainly on lacklustre earnings from corporates, led the market marginally lower on a weekly basis. Disappointing industrial output data overshadowed the...

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Moneylife Digital Team 15 February 2013
As suggested yesterday, the Nifty almost hit 5,850 today (actual low was 5,854). If today’s low holds, the index will try to make a move towards 5,950. If not, the Nifty may hit 5,825   The market settled in the red for the second day on weak corporate earnings and unsupportive global...

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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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