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Moneylife Digital Team 26 April 2013
Infotech Enterprises has come up with mixed if not disappointing earnings for the March 2013 quarter. Yet, it is in line with Edelweiss forecast and the latter has retained the company as a Buy! Domestic brokerage firm Edelweiss has retained its ‘Buy‘ recommendation on Infotech...

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Moneylife Digital Team 26 April 2013
Virtually every domestic carrier expects to maintain pricing stability, which the brokerage thinks should continue in the next 1-2 quarters. However, uncertainty prevails beyond that, says Nomura Equity Research in its Quick Note on Idea Cellular Private sector mobile services provider...

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Moneylife Digital Team 26 April 2013
For the year ended 31st March, net profit of the company rose by 39.82% at Rs1,010.93 crore as compared to Rs722.99 crore in the previous fiscal Mobile operator Idea Cellular Thursday reported jump of nearly 29% in its consolidated net profit at Rs308.18 crore for the fourth quarter...

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Moneylife Digital Team 25 April 2013
We mentioned that a strong upmove was possible above 5,870. Today the Nifty closed at 5,916. The upmove will continue as long as the benchmark does not close below any previous day’s low The market settled in the green for the fourth day on gains in auto and healthcare stocks in late...

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Moneylife Digital Team 25 April 2013
De-growth in its intellectual property division coupled with a challenging market caused revenues to steady down and the company has been put on Hold by SBI Cap Securities SBI Cap Securities has recommended its clients to put Persistent Systems on hold after valuing the company at Rs600...

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Moneylife Digital Team 25 April 2013
The company which was recommended by Kensource last year, has delivered stellar quarterly results Cera Sanitaryware which was recommended by Moneylife in our Kensource stockletter on 4 May 2012 has continued to impress. Its net sales for the quarter ended 31 March 2013 grew 58%...

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Moneylife Digital Team 25 April 2013
Unusual optimism saw Nomura revise upwards its target price of the automotive lender from Rs230 to Rs250 The above average annual numbers posted by Mahindra & Mahindra Financial Services (MMFS) for the March 2013 quarter prompted Nomura Equity Research to revise its target price from...

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Moneylife Digital Team 25 April 2013
A strong showing from the retail franchise propelled Axis Bank’s net profit and net interest income for the quarter ended 31 March 2013 Axis Bank reported net interest income (NII) for Q4FY13 at Rs2,665 crore against Rs2,146 crore for the same period last year. The bank recorded a net...

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Moneylife Digital Team 24 April 2013
The net profit for this Moneylife pick was up 44%   Supreme Petrochem has recorded 26% year-on-year (y-o-y) higher net sales for the March 2013 quarter, at Rs790.49 crore, when compared to the Rs625.98 crore it recorded for the same quarter last year. Net profit for the third quarter...

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Moneylife Digital Team 24 April 2013
Net Interest margin (NIM) of 4.5% is the highest recorded by the bank in the last three years, according a Nomura Equity Research’s Quick Note on HDFC Bank HDFC Bank delivered another 30% PAT growth quarter (at Rs18.9 billion), in line with Nomura’s estimate and consensus at Rs19 billion...

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Moneylife Digital Team 24 April 2013
Cairn India’s focus is clearly back on drilling to further tap the Rajasthan resource—450 wells including 100 exploration wells planned over three years; two new rigs to join in the first quarter of calendar year 2013, taking the count to six; while the management’s plan is to contract five...

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Moneylife Digital Team 24 April 2013
Difficult industry conditions and lower sales led to disappointing results of the Pune-based foundry company Foseco India reported 11% lower year-on-year (y-o-y) net sales for the current quarter ended March 2013, at Rs55.86 crore, when compared to the Rs63.04 crore for the same period...

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Moneylife Digital Team 23 April 2013
Helped by its Rajasthan production, Cairn India reported decent numbers and saw its consolidated net profit increase 17% Oil and gas explorer Cairn India recorded consolidated revenue of Rs4,363.36 crore, for the quarter ended 31 March 2013 an increase over the Rs365,1.34 crore for the...

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Moneylife Digital Team 23 April 2013
The Nifty almost reached yesterday's low, but managed a flat close with a positive bias. A lower low or close below any previous day low may reverse the current upmove. A strong upmove may be possible above 5,870   The market managed a flat close with a positive bias helped by a late...

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Moneylife Digital Team 23 April 2013
Healthy loan growth and core net interest margins helped HDFC Bank achieve decent results for the last quarter of the 2013 fiscal HDFC Bank reported total income of Rs11,127.5 crore for the quarter ended 31 March 2013, which was 21.1% higher than the Rs9,189.9 crore recorded in the...

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Moneylife Digital Team 23 April 2013
Nomura has downgraded Titan Industries to a Neutral rating from Buy as it believes the near-term concerns over falling gold prices and the uncertain demand environment will likely mean earnings growth could be much more tepid than what consensus is building in Nomura Equity Research has...

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Moneylife Digital Team 23 April 2013
Any concerns on the outlook for India tea prices for FY14 on the back of trends in Kenya may be a kneejerk reaction, says Nomura Equity Research McLeod Russel’s stock price decline of 15% over the past two trading sessions is an excessive reaction, According to Nomura Equity Research in...

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Moneylife Digital Team 22 April 2013
The company’s revenues and profit were helped by the good performance of its infrastructure and technical support vertical as well as the depreciating rupee Mindtree has reported a 16.5% year-on-year (y-o-y) increase in revenues from Rs525.70 crore to Rs612.4 crore, in rupee terms. Net...

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Moneylife Digital Team 22 April 2013
The Aditya Birla Group company Ultratech Cement posted disappointing results amidst cost pressure and railway freight hike. It commits to expansion of its Rajasthan plant at a cost of Rs2,000 crore UltraTech Cement Company’s net Sales stood at Rs5,389 crore for the quarter ended 31 March...

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Moneylife Digital Team 22 April 2013
A close or even an intraday low below any previous day’s low on the Nifty may be the first sign of the end of the current upmove   The market closed with decent gains despite a fair deal of choppiness that was seen in the first half of the trading session. A close or even an intraday...

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