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Moneylife Digital Team 04 February 2013
Jammu and Kashmir Bank’s total income from operations for the December quarter was Rs1623.77 crore   Jammu and Kashmir Bank posted net profit of Rs289.40 crore in the December 2012 quarter, up 36% against Rs213.19 crore in the same quarter of the previous year, according to the bank’s...

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Moneylife Digital Team 04 February 2013
Jubilant Foodworks’ sales were up 39% in the December 2012 quarter at Rs385.15 crore Jubilant Foodworks has posted excellent results in the December 2012 quarter with a profit of Rs37.70 crore, up 28% against Rs29.47 crore in the same quarter of the previous year, according to the...

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Moneylife Digital Team 04 February 2013
ACC's margins have fallen to 18% in 2011 from 27.3% in 2007, the period in which it paid know-how fees to Holcim. Now the cement maker is proposing to increase the fees by almost two-folds without disclosing additional benefits it would receive from its parent Institutional Investor...

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Moneylife Digital Team 04 February 2013
Relaxo Footwears, an ambitious upstart footwear company, has posted disappointing results amidst tight economic climate and increased competition We had written about Relaxo Footwears (Relaxo) in our Moneylife issue dated 4 October 2012 (

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Moneylife Digital Team 04 February 2013
Slowdown is impacting the rate of acquisition of new consumers for Marico, which is showing up in sales volume growth in segments like Saffola edible oil, says Nomura Equity Research Marico reported Q3FY13 results that were 7.5% lower than expectations at the net sales level, but higher...

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Moneylife Digital Team 04 February 2013
Ambuja Cement’s margins have fallen to 26% in 2011 from 53% in 2007, the period in which it paid know-how fees to Holcim. Now the cement maker is proposing to increase the fees by almost two-folds without disclosing additional benefits it would receive from its parent Institutional...

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Moneylife Digital Team 04 February 2013
The Nifty could bounce back from today’s lows or from 5,955   The market closed lower on selling in PSU, healthcare and power stocks and on weak global cues. The market is getting oversold. The Nifty could bounce back from today’s lows or from 5,955. The National Stock Exchange (NSE)...

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The FM is trying to rekindle foreigners’ old love affair with India The Indian stock market has had a solid run since June last year. Springing from an intra-day low of 15,748, the Sensex shot up, over the next seven months, in repeated bouts of optimism. At the initial stages, the bulls...

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Moneylife Digital Team 04 February 2013
For the first time in a decade, India’s biggest power utility manufacturer has reported bleak results prompting analysts to put a sell recommendation to their clients. However, the management remains cautiously upbeat Bharat Heavy Electricals (BHEL) has been in a bad shape for the past...

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Moneylife Digital Team 02 February 2013
The Nifty is likely to hit 5,950 and maybe head even lower The market ended lower this week, mainly on macro-economic concerns and a clutch on lower-than-expected third quarter results from corporates. Although the Reserve Bank of India (RBI) announced a 25 basis point cut in repo and...

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Moneylife Digital Team 01 February 2013
The US was a key contributor to the overall performance on the back of a strong flu season and the Tricor launch for pharma company Lupin, says Nomura Equity Research Pharmaceutical major Lupin’s market strategy responds to generic opportunities in the US, where it is pursuing niche and...

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Moneylife Digital Team 01 February 2013
While the market trend is down, the Nifty’s support is at around 5,950 The market closed lower on a fall in India’s manufacturing output in January and weak corporate results of Bharti Airtel and BHEL, among others. While the market trend is down, the Nifty is expected to find support at...

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Moneylife Digital Team 01 February 2013
Tide Water India has posted benign results amidst an industry downturn although its sales went up We had recommended investing in Tide Water Oil Co in our Moneylife issue on 1 November 2012 . The company has announced its third quarter result for the fiscal ending March 2013. It recorded...

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Moneylife Digital Team 01 February 2013
Among verticals, manufacturing, technology, media and entertainment dragged while the emerging vertical (largely government) revenues increased by $7 million and was the primary driver for incremental revenue addition in the third quarter FY13 for Mahindra Satyam The key disappointment...

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Moneylife Digital Team 01 February 2013
Redington India has posted positive growth on strong iPhone and Samsung sales but its results are short of overall consensus estimates Redington India announced a net income of Rs81.9 crore for the December quarter which was in line with Nomura’s estimate of Rs80.2 crore but short of...

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Moneylife Digital Team 01 February 2013
Bharti Airtel’s consolidated net income during the December quarter was impacted by higher depreciation and amortisation cost, net interest costs, forex fluctuation losses and tax provisions Bharti Airtel, India’s leading telecom services operator, on Friday posted a lower than expected...

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Moneylife Digital Team 31 January 2013
Despite good festive sales, Thangamayil Jewellery’s operating profit took a hit due to change in accounting policy Madurai-based Thangamayil Jewellery Ltd, recommended by Moneylife magazine on 23 August 2012...

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Moneylife Digital Team 31 January 2013
Nifty yet to show its hand though the trend is mildly down Most of the Asian indices had negative opening while the others opened flat after the US reported first quarter of negative GDP growth (-0.1% quarter-on-quarter at an annualized rate). The indices back home opened in the...

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MDT/PTI 31 January 2013
On a consolidated basis, ICICI Bank's net profit rose 22% to Rs2,645 crore as all its subsidiaries -- life and general insurance companies -- reported better numbers Mumbai: Private sector lender ICICI Bank on Thursday posted over 30% growth in standalone net profit to Rs2,250 crore in...

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MDT/PTI 31 January 2013
Ortel Communications is also considering private placement of up to 35 lakh equity shares or convertible instruments to raise up to Rs75 crore New Delhi: Cable distribution company Ortel Communications Ltd (OCL) has filed a draft red herring prospectus (DRHP) with market regulator...

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