STOCKS


Moneylife Digital Team 31 January 2013
Nifty yet to show its hand though the trend is mildly down Most of the Asian indices had negative opening while the others opened flat after the US reported first quarter of negative GDP growth (-0.1% quarter-on-quarter at an annualized rate). The indices back home opened in the...

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MDT/PTI 31 January 2013
On a consolidated basis, ICICI Bank's net profit rose 22% to Rs2,645 crore as all its subsidiaries -- life and general insurance companies -- reported better numbers Mumbai: Private sector lender ICICI Bank on Thursday posted over 30% growth in standalone net profit to Rs2,250 crore in...

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MDT/PTI 31 January 2013
Ortel Communications is also considering private placement of up to 35 lakh equity shares or convertible instruments to raise up to Rs75 crore New Delhi: Cable distribution company Ortel Communications Ltd (OCL) has filed a draft red herring prospectus (DRHP) with market regulator...

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MDT/PTI 31 January 2013
For the December quarter, Central Bank's total provisioning rose by 30% to Rs627.67 crore, of which Rs145 crore was due to the changes brought in by RBI, one of the reason why it could not touch the average net profit of Rs300 crore Mumbai: State-run Central Bank of India (CBI) posted a...

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Moneylife Digital Team 30 January 2013
Dena Bank announced its third quarter results which were positive overall, especially on the operations front. But some concerns remain Dena Bank has posted a net profit of Rs206.44 crore for the quarter ended 31 December 2012, a 10.75% increase, when compared to Rs186.68 crore for the...

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Moneylife Digital Team 30 January 2013
A sharp fall below 6,020 will push the Nifty towards 5,950 while a close above 6,100 will mean a continuation of the creeping bull market   The benchmarks managed to retain their psychological levels of 20,000 on the Sensex and 6,000 on the Nifty amid highly choppy trade, a day ahead of...

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MDT/PTI 30 January 2013
Idea Cellular said it would review call tariffs but ruled out headline tariff change in the short-run   Mumbai: Idea Cellular, the country's fourth largest telecom operator, which reported 14% rise in consolidated net profit at Rs228.6 crore for the October-December quarter, ruled out...

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MDT/PTI 30 January 2013
Steady flow of footfalls has kept the registers ringing and delivered double-digit same-store-sales of 12.5% for Shoppers Stop in December quarter   Mumbai: Retail chain Shoppers Stop (SSL) reported a 11.4% decline in standalone net profit to Rs17.09 crore for the third quarter ended...

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Moneylife Digital Team 29 January 2013
BNP Paribas, in a recent note to clients, recommends exposure to ICICI Bank, LIC Housing Finance, Sun Pharma, M&M and Wipro, while it has dropped IDFC from its model portfolio. Strangely, the portfolio recommends greater weight for sectors it recommends as underweight and suggests Reduce for...

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Moneylife Digital Team 29 January 2013
A close below 6,020 tomorrow will mean a quick sharp decline for the Nifty   The market settled lower on caution from the RBI on inflation and the fiscal deficit front. A close below 6,020 tomorrow will mean a quick sharp decline for the Nifty. The National Stock Exchange (NSE) reported...

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MDT/PTI 29 January 2013
The state-run lender’s net interest income rose 11.7% to Rs2,308.5 crore during December quarter, while its total revenues increased 12% to Rs 8,960 crore   Mumbai: State-run Bank of India (BoI) has reported 12.15% rise in net profit at Rs803.48 crore in the third quarter on the back...

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Moneylife Digital Team 28 January 2013
The RBI has to make a big rate cut to surprise the market. This seems unlikely. The Nifty’s direction will be known only after that The market ended flat on nervousness ahead of the RBI’s quarterly credit policy, to be announced tomorrow. As of now, the market remains trapped in a range....

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Moneylife Digital Team 28 January 2013
Unexciting but steady growth and high dividends makes this a safe stock Gandhi Special Tubes (GST) is an unexciting stock. It makes high-quality products, does not undertake unnecessary expansions and is not covered by analysts or the popular media. Indeed, if you buy this stock, it may...

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Moneylife Digital Team 25 January 2013
A decisive break above 6,100 on the Nifty will attract more bulls The market closed marginally higher on hopes of a rate cut in the Reserve Bank of India’s (RBI) in its policy meeting next week. Analysts are of the view that the central bank would reduce rates by 25 basis points....

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Moneylife Digital Team 25 January 2013
We had said yesterday that a higher high on the Nifty would be the first sign of reversal. Today the market closed well above yesterday’s high. Now the Nifty will try to have a go at 6,100 again Gains in rate-sensitive sectors like realty and auto, and global cues helped the market...

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Moneylife Digital Team 25 January 2013
HDIL shares nosedived after its vice-chairman and MD Sarang Wadhawan sold 5 million shares, reducing his stake to 0.99% from 2.19%, to help fund a land acquisition by the company Mumbai: Realty player Housing Development and Infrastructure (HDIL), whose stock has plummeted nearly 38% in...

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Moneylife Digital Team 24 January 2013
A higher high in Nifty will now be the first sign of reversal The Sensex opened at 20,017 while Nifty opened at 6,046 today. Yesterday we mentioned that the trend is still down. The indices hit the day’s high in the morning session itself but soon plunged into the negative zone. Sensex...

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Moneylife Digital Team 24 January 2013
Institutional research firm reduces fair value of HUL share, after disappointing results, but company’s management still hugely confident. ‘The business is consistently winning in the marketplace by remaining sharply focused on the needs of our (HUL) large consumer base and successfully...

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Moneylife Digital Team 24 January 2013
Although textile sector was expected to do well after structural changes, nothing positive happened, returns on capital remain poor   The textile sector is one of the largest employers in the country. It employs skilled and unskilled workers. When the global quota system was...

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MDT/PTI 24 January 2013
The RINL issue has already been deferred thrice since the filing of the draft prospectus with market regulator SEBI on 18th May last year New Delhi: State-run Rashtriya Ispat Nigam's (RINL) Rs2,500-crore initial public offer (IPO) is unlikely to hit the market in current fiscal as it...

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