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Moneylife Digital Team 28 October 2013
As suggested, since last Wednesday, the markets have weakened, closing below last week’s low. Watch out for a close above 6,140 tomorrow for a possible short-term reversal. If not, then the Nifty is headed towards 6,070 We have been suggesting since Wednesday that bulls are on the...

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Moneylife Digital Team 28 October 2013
During the September quarter the automaker reported 19% growth in its net profit on increasing sales and new launches in its three-wheeler segment Atul Auto Ltd, the three-wheeler manufacturer, recorded 19% growth in net profit at Rs73.80 crore in its quarter to end-September compared...

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Moneylife Digital Team 28 October 2013
Maruti Suzuki's September quarter net profit surged 194.7% to Rs670 crore while sales increased 26.5% to Rs10,211.8 crore Maruti Suzuki India Ltd, the country's largest carmaker reported a 195% higher net profit during the second quarter on cost reduction and positive impact of forex....

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Moneylife Digital Team 28 October 2013
During the September quarter, the FMCG company reported growth in net sales. However, its net profit fell due to 34% increase in costs associated with advertisements Colgate Palmolive India (Colgate) reported a 25% fall in its second quarter net profit despite 16% rise in sales. Its net...

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Moneylife Digital Team 28 October 2013
A low-priced stock of a multinational company with excellent return on capital Elantas Beck India, controlled by German multinational Elantas Beck, manufactures a wide range of specialty chemicals for electrical insulation and construction industries. Its primary insulation business...

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FIIs on a rampage, could be misleading The Sensex has scaled 21,000 and the Nifty has gone above 6,250 at the time of writing. More gains could be in store, according to market experts, thanks to massive buying by foreign institutional investors (FIIs). How are they so confident about...

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Moneylife Digital Team 28 October 2013
During the September quarter, the pharmaceutical company recorded growth in both its net profit and sales due to higher exports. Ajanta Pharma hit its 52-week high of Rs858.95 on the BSE today   Ajanta Pharma, speciality pharmaceutical formulation company, recorded an impressive 155%...

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Moneylife Digital Team 26 October 2013
Last week, we had mentioned that the markets could turn weak on Tuesday or Wednesday. That is exactly what happened. The markets are weak and struggling for a firm uptrend, despite healthy volumes on almost all the days, indicating bulls and bears are slugging it out The markets were...

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Moneylife Digital Team 25 October 2013
Last week, we had predicted possible weakness after a strong spurt during 18th October. Our prognosis proved correct. Today, the markets finished below the crucial 6,160 support level. We may get a short downmove Yesterday, we had mentioned that today would be a crucial day for Indian...

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Moneylife Digital Team 25 October 2013
The company has reported a net profit of Rs2230.5 crore during September quarter despite sluggish sales, helped by its FMCG, paperboards and agri-businesses. However, its cigarette and hotel segments suffered ITC, the software to tobacco company, has reported 21.5% increase in net profit...

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Moneylife Digital Team 25 October 2013
Shree Cement’s September ended quarter net profit declined 25% due to higher expenditure   Shree Cement Ltd in its September quarter reported a fall of 25% in net profit at Rs172 crore compared with Rs228 crore a year ago, due to lower revenues and higher expenditure.   For the...

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Moneylife Digital Team 25 October 2013
During September quarter, Greenply Industries reported 17% decline in its net profit at Rs26.52 crore due to higher costs of imported raw material and expenditure Greenply Industries Ltd reported a 17% lower net profit during the second quarter mainly due to higher costs of imported raw...

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Moneylife Digital Team 24 October 2013
The markets started very strong, rising to a three-year high but a surprising selling pushed it down. Nifty has closed just above the 6,160 support level, indicating weak legs. For the third, there were huge volumes without any meaningful advance, which is a warning for the bulls. We had...

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Moneylife Digital Team 24 October 2013
Morgan Stanley finds that emerging markets (EM) consistently outperformed the MSCI AC World benchmark in 1‐month and 3‐month pre‐election horizons. In India’s case, however, a tight race is predicted and markets could be negative Morgan Stanley Asia Limited, the...

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Moneylife Digital Team 24 October 2013
The bank’s September ended quarter net profit increased 26%, driven by healthy growth in net interest income Kotak Mahindra Bank Ltd, India’s fourth largest private sector bank reported a 26% higher net profit during the second quarter on substantial increase in its net interest income...

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Moneylife Digital Team 24 October 2013
Somany Ceramics’ net profit fell to Rs6.25 crore even as its total revenues rose 19% during the September quarter Somany Ceramics, the Noida-based manufacturer of high quality glaze tiles, said its second quarter net profit fell 22% mainly on Rs4.3 crore loss from adverse forex...

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Moneylife Digital Team 23 October 2013
A sharp decline below 6,050 was the first sign of trouble for the bulls. The markets reversed today and bulls will be in trouble, if Nifty closes below 6,160 tomorrow The markets opened up weakly before trending downwards steadily through much of the morning and afternoon sessions....

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Moneylife Digital Team 23 October 2013
The company is undertaking a major cost rationalisation exercise which is expected to see cost benefits. However, presently, the company’s net profit and net sales grew 9% and 10% respectively. It has sold fewer vehicles than the June quarter For the quarter to end-September 2013, Hero...

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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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