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Moneylife Digital Team 15 February 2013
Consolidated total income dropped 19.6% to Rs4,047.7 crore from Rs5,033.5 crore during the same period Suzlon Energy, one of the largest wind turbine suppliers, reported a consolidated net loss of Rs1,154.5 crore in the third quarter of FY13, a four-fold increase compared to a loss of...

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Moneylife Digital Team 15 February 2013
The company said the growth in revenue was on the back of strong demand, growth in volumes and favourable market mix at Jaguar Land Rover Tata Motors on Thursday reported a 52.2% decline in consolidated net profit for the third quarter ended December 2012 at Rs1,636.01 crore compared...

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Moneylife Digital Team 14 February 2013
Supreme Infrastructure (one of our Street Beat picks) has posted good third quarter results, with strong sales and operating profit and got a good pipeline of orders during the third quarter. We had written about the stock when it was Rs290.80. It is now quoting at Rs205. As we had feared, is...

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Moneylife Digital Team 14 February 2013
The total provisioning of the bank stood at Rs4,394.70 crore during the December quarter, up from Rs3,996.97 crore in the year-ago period State Bank of India (SBI), the country’s largest lender, reported a marginal 4.08% increase in net profit at Rs3,396 crore for the third quarter ended...

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Moneylife Digital Team 14 February 2013
If the Nifty cracks the recent low of 5,879, it may be headed for 5,850 in this leg of decline   The market snapped its two-day winning streak on selling in market heavyweights on lacklustre quarterly numbers. If the Nifty cracks the recent low of 5,879, it may be headed for 5,850 in...

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Moneylife Digital Team 14 February 2013
Wipro was down 3.13% to Rs396.65 on the NSE and Siemens was trading 3.32% lower at Rs584.50 in noon trade following the announcement IT major Wipro and diversified group Siemens will be excluded from the National Stock Exchange's benchmark index Nifty from 1st April.   India...

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Moneylife Digital Team 13 February 2013
Madras Cements (one of our Street Beat picks) has posted decent third quarter results, amidst difficult economic conditions and survived a cement dealers’ strike. We had recommended the stock on 8 May 2012 at Rs 107.10. The stock closed at Rs242.65 today, up by 126.78% in over eight months

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Moneylife Digital Team 13 February 2013
The Nifty went past our target of 5,960 but could not sustain. The market seems to be trapped in the 5,890-5,970 range. The medium-term trend continues to be strongly down   Although the market was in the positive throughout the trading session, the benchmarks pared their gains in late...

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Moneylife Digital Team 12 February 2013
Domestic Institutional Investors (DIIs) have sold an estimated $3.5 billion worth of equities, in contrast to their foreign counterparts who have been pumping money as if there is no tomorrow. They are averse to financials while FIIs are heavily betting on exactly those Yesterday, we had...

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Moneylife Digital Team 12 February 2013
Motherson Sumi (one of our stockletter picks) has posted very good third quarter results, with We had recommended the stock on 1 June 2012 at Rs 107. The stock closed at Rs190.45 today, up by 77% in eight months Automobile ancillary producer and flagship of the Samvardhana Motherson...

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Moneylife Digital Team 12 February 2013
Insecticides India (one of our Street Beat recommendation) has posted average third quarter results, with both sales and profit trending upwards. We had recommended the stock on 18 October 2012 at Rs 412. The stock closed at Rs405 today, down 2% in four months We had written about...

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Moneylife Digital Team 12 February 2013
The medium-term trend remains down. A 3-4 day rally may be met with renewed selling   The market settled higher despite the dismal macro-economic numbers released today, with the Sensex snapping its eight-day losing streak. However, the medium-term trend remains down. A 3-4 day rally...

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Moneylife Digital Team 12 February 2013
Following the expiry of the agreement, S&P CNX Nifty Index has been renamed as CNX Nifty Index. The ‘S&P’ trademark has also been dropped from the names of other indices of the National Stock Exchange International financial market indexing and ratings major Standard and Poor’s (S&P’s)...

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Moneylife Digital Team 11 February 2013
FIIs poured as much as $8.4 billion into Indian equities in the third quarter and much of it into banking and financial sectors Foreign Institutional Investors (FIIs) have been pumping money into the Indian stock market as if there is no tomorrow. According to Edelweiss, FII holdings in...

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Moneylife Digital Team 11 February 2013
If the Nifty is able to rally from this level, it may head for 5,960   The market continued its losing streak into the new week on lack of cues from Asia and on concerns about the nation’s economic growth. However, if the Nifty is able to rally from this level, it may head for 5,960....

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Moneylife Digital Team 11 February 2013
Growth is slow but it is a solid and profitable business Elgi Equipments Limited (EEL) is headquartered in Coimbatore. Its products are used in a wide range of applications. It is a leading manufacturer of air compressors and automobile service station equipment. In August 2012, EEL...

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Moneylife Digital Team 09 February 2013
While the market may try to bounce back, the medium-term trend is firmly down The market closed lower this week, down for the second straight week, as the government lowered the GDP growth rate estimate for the current fiscal to 5%, compared to 6.2% growth in 2011-12. Macro-economic...

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Moneylife Digital Team 08 February 2013
Solar Industries (one of our earlier stockletter picks) has posted average third quarter results. Sales were sluggish because of slower exports and new ammonium nitrate regulations. We had recommended the stock on 19 August 2011 at Rs736.55 for our Antelope and Lion stockletters and exited at...

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Moneylife Digital Team 08 February 2013
Tax expenses jumped to Rs 63.03 crore in October-December quarter compared to Rs17.36 crore in the year-ago period Cadila Healthcare’s consolidated net profit declined more than 31% year-on-year to Rs 103 crore in the third quarter of financial year 2012-13 from Rs149 crore, mainly on...

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Moneylife Digital Team 08 February 2013
Finance cost rose to Rs169 crore in the December quarter, up from Rs79 crore in the year-ago period on greater average borrowings Hindalco Industries’ December 2012 quarter net profit fell 4% to Rs434 crore, year-on-year on higher finance cost, which rose to Rs169 crore from Rs79 crore,...

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