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But can they win against the fundamentals? The medium-term bullishness I had expected in my last column came two weeks later. The Nifty had hit a low of 5,477 and, since then, put in a very impressive rally which took the index to over 5,900 last week. The rally has been so strong, and...

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Moneylife Digital Team 29 April 2013
The fast moving consumer goods company has delivered another robust quarter, despite a difficult economy, driven by strong showing in both home and personal care as well as domestic consumer divisions Hindustan Unilever, one of India’s leading fast moving consumer goods (FMCG) company,...

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Moneylife Digital Team 29 April 2013
While high inventory remains a concern in the near term, it is expected that zinc prices will improve to $2,000-$2,100/tonne owing to zinc turning to a balanced supply market, says Nomura Equity Research Volume growth along with cost optimization provides earnings visibility, says Nomura...

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Moneylife Digital Team 29 April 2013
Net Interest Margin expansion for LIC Housing Finance was driven by improvement in both—cost of funds and yield on assets, says Nomura Equity Research LIC Housing Finance (LICHF) reported robust 4QFY13 numbers, driven by expansion in NIM (net interest margin) and lower than expected...

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Moneylife Digital Team 27 April 2013
The market will remain volatile ahead of 3rd May when the RBI will announce its monetary policy for 2013-14. A weekly close below 5,800 will see Nifty head lower again The Indian market closed the holiday-shortened week on a firm note on mixed earnings reports and hopes that the Reserve...

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Moneylife Digital Team 26 April 2013
A close below 5,820 on the Nifty may bring about a downtrend   The market snapped its four-day winning streak and settled lower on profit booking in rate-sensitive sectors. A close below 5,820 on the Nifty may bring about a downtrend. The National Stock Exchange (NSE) reported a lower...

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Moneylife Digital Team 26 April 2013
Despite recording a 21% growth in its fourth quarter net profit, ICICI Bank shares ended about 3% down as the result failed to beat market expectations ICICI Bank, India's largest private sector lender, on Friday reported a 21% growth in its fourth quarter net profit despite higher net...

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Moneylife Digital Team 26 April 2013
In order to revive sagging sales and plummeting operating profit and weather the tough environment, the two-wheeler manufacturer has announced a first of its kind 5-year warranty Hero MotoCorp has posted a 5% year-on-year (y-o-y) net profit of Rs574.23 crore for the quarter ended 31...

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Moneylife Digital Team 26 April 2013
Robust sales of Swift, DZire and Ertiga during the quarter helped Maruti Suzuki to report a 80% jump in fourth quarter net profit Maruti Suzuki India, the country's largest carmaker, on Friday reported an 80% jump in its fourth quarter net profit on better pricing and improved product...

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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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