COMPANIES & SECTORS


Moneylife Digital Team 04 February 2013
Commercial Engineers and Body Builders Co Ltd (CEBBCO) has crashed 60% over two months including 35% in the last two days. It was stuck at the 20% lower circuit filter yesterday. The management denies that there are any governance issues but why were lenders and ‘investors’ in so desperate...

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Moneylife Digital Team 04 February 2013
According to the minister, there is a need to review the FSI policy and make appropriate changes to boost the affordable housing in Mumbai Union minister for housing and poverty alleviation Ajay Maken said that megacities like Mumbai need to review their floor space index (FSI) policy...

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Moneylife Digital Team 04 February 2013
REC’s net profit was up 33% at Rs1026.65 in the December 2012 quarter Rural Electrification Corporation (REC), a government-owned company, has posted total income from operations of Rs3533.68 crore in the December 2012 quarter. Its income was 32% up from Rs2682.26 crore in the same...

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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
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 04 February 2013
Volumes for two-wheelers would be up about 5%, car volumes could have declined by about 1%, and commercial vehicles would have been down by around 40% in January 2013, estimates Demand for commercial vehicles is very weak, while passenger vehicles are just about holding up, observes...

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Moneylife Digital Team 02 February 2013
The Cummins India stock has already priced in medium-term growth potential. Nomura Equity Research recommends investors to wait for a better entry point to enter the stock and remains ‘Neutral’ for now Cummins India posted strong results for the third quarter of the current fiscal driven...

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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
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
Exploiting the anxiety of missing out that the phrase ‘first come first served’ generates in the minds of buyers, the Lodha Group claims that it received tremendous response for its Worli property. However, two-three years ago, the developer had to seek help from local agents for selling...

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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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How much revenue is lost to the Indian Railways every year with free passes and also decide who gets to travel free and why on our expense The recent hike in rail fares in India have been discussed, analysed, commented, and largely decried by many. To be fair to all concerned, a random...

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