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Moneylife Digital Team 17 October 2013
The company in its quarter to end September recorded robust growth of 78% in net profit. It generated strong revenues by executing its operations of information technology development and infrastructure management services Mindtree Ltd, an international information technology (IT)...

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Moneylife Digital Team 15 October 2013
A close below 6,056 on the Nifty will pull the index further down The indices on Tuesday opened in the positive, following a further upmove in the US markets and better results from Reliance Industries. However, within an hour of the Sensex, after hitting its intra day high, highest...

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Moneylife Digital Team 15 October 2013
During the September quarter, the Bajaj group company’s net interest income-NII rose 32% to Rs582 crore while non-interest income rose 76% boosting its net profit to Rs167 crore   Bajaj Finance Ltd, the largest financier of two wheelers and consumer durables and third largest non...

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Moneylife Digital Team 15 October 2013
The bank reported increase in net revenues and an impressive 27.1% increase in net profit; both driven by healthy loan portfolio growth in retail and wholesale segments. However, a slight increase in bad loans is a worry HDFC Bank, the country’s second largest private sector lender...

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Moneylife Digital Team 15 October 2013
The Tata group company delivered impressive results, with sales increasing by 38.9% and net profit increasing by 50.2% on firm execution, currency tailwinds and volume increase. TCS shares zoomed to a 52-week high on the BSE before the result announcement Tata Consultancy Services (TCS),...

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Moneylife Digital Team 14 October 2013
Despite good revenues, RIL reported stagnant profits due to weak demand, solid product cracks, weak gasoline and widening differentials between Brent and Dubai grade oils Despite healthy growth in revenues, Reliance Industries Ltd (RIL), the country’s largest company from the private...

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Moneylife Digital Team 14 October 2013
Nifty has to stay above 6,080 for the upmove to continue On a lower volume of 53.85 crore shares on the National Stock Exchange (NSE) the Nifty continued to close in the positive for the fifth consecutive session on Monday. The market traded mostly in the green with minor dips in the...

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Moneylife Digital Team 14 October 2013
Aptech, which has Rakesh Jhunjhunwala as one of its promoters, has bought back one third of its minimum buy back value from a single institution and not from retail investors. Are SEBI buyback norms anti-investor? On 11 October 2013, a big bulk trade took place on BSE, which raised some...

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Moneylife Digital Team 14 October 2013
A small company benefiting from the growth of the pharma sector. But will it grow faster? Vikram Thermo (India), a 25-year old company, has two main lines of business. One is producing diphenyl-oxide, used as perfumery component (in detergents, soaps, toiletries and essence sticks), as...

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Moneylife Digital Team 14 October 2013
Of the 16 IPOs, 15 were from the SME sector. The IPO of Just Dial was the only one from non-SME segment and accounted for 87% of the total mobilisation Indian companies mopped up Rs1,050 crore through initial public offerings (IPOs) during the first half of FY2014, sharply up by 36% over...

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The market climate is suddenly looking benign to the bulls Last fortnight, I had pointed out that the market was on the verge of rolling over and, indeed, the Nifty suffered a sharp dip to 5,700 on 1st October. But there were obviously dip-buyers waiting to buy; so, the Nifty shot up...

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Moneylife Digital Team 12 October 2013
The company’s net profit remained stagnant at Rs30.3 crore as its sales grew just 2.9% during the September quarter   Bangalore-based TTK Prestige reported a stagnant net profit for the quarter ending September on lower sales.   For the second quarter, the kitchen appliance...

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Moneylife Digital Team 12 October 2013
Although there is no weakness on the bourses; reversal may happen anytime This week which opened with pessimism among investors, has ended on a positive note with a hope of talks on re-opening the US government.   The BSE 30-share Sensex rose  612.6 points (or 3.1%) to close the...

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Moneylife Digital Team 11 October 2013
Gruh Finance’s net profit increased to Rs34.35 crore in September quarter on 25% growth in its sanctioned loans Gruh Finance Ltd, a subsidiary of Housing Development Finance Corp (HDFC) reported a net profit of Rs34.35 crore for the quarter ended September 2013, compared with Rs27.21...

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Moneylife Digital Team 11 October 2013
The trend is up, unless Nifty closes below 6,000 on Monday Following a 300-point rally in Dow Jones yesterday, both Sensex and Nifty opened strong on Friday and remained so throughout the day with steady volumes. Initially, after a strong opening, the markets dipped, but it picked up...

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Moneylife Digital Team 11 October 2013
Infosys’s September quarter results were mixed. Its rupee-denominated revenues grew 31.5% but it was undone by net profits which grew just 1.6% in rupee terms. Its net profit in dollar terms declined 11.1%. Yet, the company expects revenues to grow 22% by March 2014   Infosys reported...

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Moneylife Digital Team 10 October 2013
The first sign of weakness in Nifty will be a close below 5,960 The market today witnessed a volatile session with no proper direction. During today’s trading session the indices moved in a narrow range (Sensex 188 points, Nifty 54 points). This was the smallest range since 26 September...

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Moneylife Digital Team 09 October 2013
Current upmove may take the Nifty to the level of 6,085, while the close below 5,990 may put the upmove on pause On a higher volume of 64.90 crore shares on the National Stock Exchange (NSE) the Nifty was pulled up into the positive zone for the second consecutive session. The market...

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Moneylife Digital Team 08 October 2013
Marketmen expected a breakout on Tuesday since Nifty opened above the crucial level of 5,950 but the bulls could not hold that line and the index ended with a minor gain. If Nifty closes below 5,905, we will witness a decline towards 5,700 again Unlike the past two trading sessions, on...

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Moneylife Digital Team 07 October 2013
Nifty has to close above 5,950 for it to gain strength. Otherwise, it is headed lower As the US government shutdown enters its second week with no hope in sight for a near-term resolution, Indian indices on Monday opened lower and were trading 1% down but gained strength in the second...

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