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Moneylife Digital Team 08 February 2013
Yesterday we asked if a vicious downtrend is in store. That’s how it is shaping up. As a matter of caution, downtrend may get arrested if the Nifty closes above 5,970   The market settled in the red as their quarter earnings of corporates came below expectations and on selling in...

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Moneylife Digital Team 08 February 2013
Total income from operations increased 0.5% y-o-y to Rs 759 crore while EBITDA went up by 25.5% y-o-y to Rs320 crore in the third quarter Great Eastern Shipping Company’s consolidated net profit rose by 1.21% year-on- to Rs 192 crore in the third quarter of financial year 2012-13...

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Moneylife Digital Team 08 February 2013
Provisions against bad loans went up nearly 49% quarter-on-quarter to Rs626 crore in October-December quarter Public sector lender Canara Bank’s third quarter net profit dropped 19% year-on-year to Rs710.5 crore, due to higher provisions. Net profit in the previous corresponding period...

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Moneylife Digital Team 08 February 2013
The NTPC offering was the government's third divestment in the current fiscal during which it has a target of Rs 30,000 crore Government-owned power utility major NTPC’s one-day offer for sale (OFS) through which the government sold 9.5% stake in the company was subscribed 1.7 times on...

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Moneylife Digital Team 07 February 2013
What if we were a mutual fund company and launched a new scheme in a bullish market? That would be the true test of stock-picking and market-timing skills. That’s exactly the test we are putting ourselves to The long-term stockgrader, which has been running for just under four years, has...

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Moneylife Digital Team 07 February 2013
We expected a small bounce back yesterday before a bigger decline. This has not happened. Is a big vicious decline on the cards? The market closed lower as the government lowered its GDP growth estimate for the current fiscal to 5%. We expected a small bounce back yesterday before a...

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Moneylife Digital Team 07 February 2013
Venus Remedies (one of our stockletter picks) has posted satisfactory third quarter results, with both sales and profit trending upwards. We had recommended the stock on 18 May 2012 at Rs 161.10. The stock closed at Rs248.55 today, up by 54% in 9 months  We had written about Venus...

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Moneylife Digital Team 07 February 2013
GMR says the payment would help it to improve the cash-flow and profitability position for Delhi and Hyderabad airports The GMR Group said has it received Rs415 crore from national carrier Air India as part its dues for airport charges for Delhi and Hyderabad airports. This amount also...

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Moneylife Digital Team 07 February 2013
The Coimbatore-based sugar company and diversified entity disappointed amidst difficult conditions even as government attempts to decontrol the industry Rajashree Sugars & Chemicals, which is into sugar, distillery, power and biotechnology and based in Coimbatore, has reported a net...

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Moneylife Digital Team 07 February 2013
Higher international sales boosted the company’s topline even as global economic environment remained challenging. It plans to invest in plants to further boost topline and bottomline Jindal Saw, one of the leading pipe manufacturers, recorded net profit of Rs60 for the three months...

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Moneylife Digital Team 07 February 2013
The company reported disappointing third quarter results for the 2013 fiscal as both net sales and net profit slumped while debt remains high Ballarpur Industries (BILT), the Gautam Thappar-promoted entity, has reported a consolidated sales turnover of Rs 1,199.28 crore for the three...

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Moneylife Digital Team 07 February 2013
Global economy headwinds meant that much of the world dependent on world trade, especially sea trade, have got affected Gateway Distriparks, which is into general and bonded warehousing, handling and clearing of sea borne EXIM cargo in containerized form, has reported over 13%...

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Moneylife Digital Team 06 February 2013
Initial results and preliminary analysis by Moneylife shows a possible rebound on the cards. However, it is too early to say anything concrete as yet. But the results are interesting nonetheless A Moneylife research team has revealed that overall the earnings seasons for the December...

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Moneylife Digital Team 06 February 2013
Cipla’s domestic and international business grew while its international API formulations business shrunk Cipla’s gross revenues grew by 18% year-on-year to Rs2,103 crore for the quarter  ended December 2012 compared to Rs1,783 crore for the same period last year. Its operating margins...

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Moneylife Digital Team 06 February 2013
The company has reported solid results for the December 2012 quarter while signing a new long-term contract in Poland worth 15 million euros Essel Propack, a specialised packaging company promoted by the Essel Group, has reported nearly 8% year on year increase in consolidated sales to...

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Moneylife Digital Team 06 February 2013
Nifty remains in a firm downtrend. After several days of decline, a bounce back is likely but it may not sustain   The market ended flat after paring its gains in the second half of the trading session on pressure from rate-sensitive sectors. The Nifty remains in a firm downtrend. After...

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Moneylife Digital Team 06 February 2013
Tech Mahindra recorded decent results, with revenues, operating profit and net profit all clocking positive figures while increasing its client count by 14 to take total client count to 140 Tech Mahindra, India’s sixth largest software exporter, today announced its audited consolidated...

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Moneylife Digital Team 06 February 2013
The company is current engaged in 10 power projects with a total capacity of 4,502 MW and is in process of setting up two solar power projects as well NHPC, the government-owned hydro power producer, reported a net profit of Rs311.77 crore in the December 2012 quarter, which was 46.94%...

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Moneylife Digital Team 06 February 2013
The company’s consumer durables sales in the third quarter rose 22% to Rs504 crore, while sales from the lighting business rose 11% to Rs 221 crore. Electrical and consumer durables manufacturer Bajaj Electricals’ third quarter net profit plunged 64% year-on-year (Y-o-Y) to Rs12 crore...

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Moneylife Digital Team 06 February 2013
The company’s South Africa operations posted EBIT of Rs4.7 crore in the October-December quarter as against loss of Rs29.7 crore in a year ago period Tyre major Apollo Tyres’ consolidated net profit grew by 84.7% year-on-year (Y-o-Y) to Rs181 crore in the third quarter of financial year...

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