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Short Grasim; buy Hindalco, Reliance: Siddharth Bhamre

Written By Unknown on Sabtu, 31 Januari 2015 | 14.02

Siddharth Bhamre of Angel Broking recommends shorting Grasim Industries and advises buying Reliance Industries and Hindalco Industries.

Siddharth Bhamre of Angel Broking told CNBC-TV18, "We have seen cements space doing really well. One of the stocks not often spoken about is  Grasim Industries . There is good long positions which got created. The stock has outperformed in last series and now we are seeing that there might be some pressure on stock because of long unwinding. On Friday, we saw some pressure on the stock that would continue. We are suggesting to short Grasim at current market price. We have target of Rs 3,755 and stoploss is around Rs 3,925."

"We like metal space. We are recommending Hindalco Industries  that at Rs 135-140 is the accumulation zone. It is quoting some where around Rs 139-140. It is a good buy trading buy at current level. We are not expecting huge run up in Hindalco but it can bounce back to Rs 156 odd levels. So, you fix a stoploss of Rs 135 and go long," he said.

"The other largecap stock which has done well in its space in January series and which we feel that probably continue this momentum for first half of February series is Reliance Industries . The stock on Friday corrected a bit but it has now strong support around Rs 900-910 zone. We are not expecting huge rally because there is good resistance around Rs 340-360. What we are expecting that this stock may cross that resistance zone and go up, say 10-15 points and than probably stall. We have a target of Rs 970-975 in Reliance. Fix a small stoploss of Rs 895 and go long over there."

Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com


14.02 | 0 komentar | Read More

Buy BOI, PNB on dips: Siddharth Bhamre

Siddharth Bhamre of Angel Broking is of the view that one may buy Bank of India and Punjab National Bank on dips.

Siddharth Bhamre of Angel Broking told CNBC-TV18, "We did not say that we are not bearish on banks but because of disappointing numbers market may not significantly correct only because some of the PSU banks have come out with the bad set of numbers because market is beyond PSU banks."

"In PSU banks, some of the names which we would be buyers on dips is Bank of India  (BOI), if we see further 5-6 percent correction around Rs 250 odd levels, it is a good buy. Punjab National Bank  (PNB) has corrected sharply, further correction from here can be a good buy," he said.

"In private sector space ICICI Bank  is looking weak but Axis Bank  is not looking so weak. So that is the space where we would do some positive trading rather than thinking that this market is going to change the trend and go down."


14.02 | 0 komentar | Read More

New Insider Trading Regulations: Are You Guilty?

Show Timings:

Friday: 10.30 pm, Saturday: 11.30 am

Sunday: 9:30am & 11.00pm

Published on Sat, Jan 31,2015 | 10:06, Updated at Sat, Jan 31 at 10:06Source : CNBC-TV18 

The US has no specific, articulated law against insider trading. It relies instead on general SEC provisions and judicial opinions of over the last 5 decades. India explicitly prohibited insider trading in 1992. And now, 23 years later, it has re-written the regulation to expand the definition of insider, provide perpetual insiders a trading opportunity and legitimize the communication of inside information for purposes of investment due diligence. This new regulation will come into effect in May and will better equip SEBI to go after insider traders. But have we gone from too little power in the hands of SEBI to too much power? To answer that CNBC-TV18's Menaka Doshi speaks to Tata Group's General Counsel Bharat Vasani; Amarchand's Managing Partner Cyril Shroff and Senior Advocate Amit Desai.

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14.02 | 0 komentar | Read More

Buy Coromandel International; target of Rs 370: Emkay

Written By Unknown on Jumat, 30 Januari 2015 | 14.03

Brokerage house Emkay Global Financial Services is bullish on Coromandel International and has recommended buy rating on the stock with a target price of Rs 370, in its research report dated January 27, 2015.

Emkay's research report on Coromandel International

Consolidated revenues at Rs 29.6bn was up 7.5%yoy and lower than our estimates of Rs 31.4bn on account of production loss at the Visakhapatnam plant due to cyclone Hudhud and subdued demand

Consolidated EBITDA at Rs 2.3bn was up 2.7%yoy, though lower than our estimates of Rs 2.8bn due to increase in ammonia cost, currency depreciation, production disruption and higher fertilizer trading. Consolidated EBITDA margins at 7.6% were lower than our estimates of 9%

"System inventories have normalized with pick up in complex demand in the current fiscal. Going forward, the management expects capacity utilization to improve on demand revival and increasing penetration in Northern and Central markets. We continue to maintain our Buy rating on the stock with a target price of Rs 370", says Emkay Global Financial Services research report.

For all recommendations, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here


14.03 | 0 komentar | Read More

Fitch affirms Tata Motors at 'BB'; Outlook stable

Fitch Ratings has affirmed India-based Tata Motor's (TML) Long-Term foreign currency Issuer Default Rating (IDR) at 'BB'. The Outlook is Stable.

Fitch Ratings' report on Tata Motors

Strong Financial Profile: TML's consolidated financial profile remains strong with consolidated leverage (net debt/ operating EBITDA) of 0.6x in in the financial year ending 31 March 2014 (FY14) (FY13: 1.09x). The company's net leverage excluding its financing subsidiary - Tata Motors Finance Ltd (TMFL) - was at 0.2x (FY13: 0.4x). The strong financial profile is driven mainly by the robust performance of TML's key subsidiary, Jaguar Land Rover PLC (JLR, BB-/ Positive). The financial profile also benefits from TML's good financial flexibility and JLR's liquidity with a cash balance (GBP3.75bn as of 1HFY15) and undrawn committed facilities (GBP1.3bn).

Fitch expects TML's consolidated profile to remain strong over the medium term despite its large capex plans (FY14 Capex: INR 269bn). The agency expects the capex to be funded largely from TML's operational cash flows supported by the continuing sound operations of JLR and improvement in its Indian business. Furthermore, the company announced its rights issue plan, which if successful will further strengthen the financial profile.

Robust Performance of JLR: Fitch expects JLR's sales and profitability to continue to be robust over the medium term, supported by a strong product pipeline and healthy global demand for premium vehicles. This is in spite of a likely increase in costs associated with the company's large capex and increasing competition. JLR's EBITDA margin strengthened to 19.9% during 1HFY15 (1HFY14: 16.7%) supported by growth in volumes (13.8%) and a richer product and geographic mix.

Indian Operations to Improve: Fitch expects TML's new product launches, both in passenger car and commercial vehicles, to drive volume growth in its Indian operations. In addition, lower fuel prices, improving consumer sentiment and a likely reduction in borrowing costs are likely to support improvement in demand growth in passenger cars from FY16. We also expect medium and heavy commercial vehicles (M&HCV) volumes to grow in FY16 - supported mainly by replacement demand.

TML's operations turned around in 3QFY15 as a result of positive volume growth in its passenger car and M&HCV segments. The company's volumes fell until 1HFY15, resulting in negative EBITDA in FY14 and 1HFY15.

Linkages with Tata Group: The FC IDR of TML continues to benefit from a one notch uplift on account of the potential support from the Tata group. Fitch has also reviewed the ability of the Tata group to provide support to TML and in the context of potential group support, TML continues to benefit from the strategic importance of TML to the group. Any weakening of linkages between the group and TML, and/or the group's inability to provide support is likely to affect the ratings negatively.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.


14.03 | 0 komentar | Read More

Buy KSB Pumps; target of Rs 810: ICICIdirect

ICICIdirect.com is bullish on KSB Pumps and has recommended buy rating on the stock with a target price of Rs 810, in its research report dated January 23, 2015.

ICICIdirect.com's report on KSB Pumps

"KSB Pumps (KSB), a subsidiary of KSB AG, Germany (global leader in pump manufacturing), is a pumps & valves manufacturer domestically based out of Pune. KSB's sales (consolidated) have grown at a CAGR of 6.7% in CY09-13 to Rs 733 crore in CY13. In CY13, pumps comprised 82% (Rs 603 crore) while valves comprised 17% (Rs 122 crore) of total sales (Rs 733 crore). The company clocked an EBITDA of Rs 101 crore (EBITDA margins 14%) in CY13 with corresponding PAT at Rs 67 crore. By virtue of KSB focusing only on non-project businesses (unlike its peers) it generates robust free cash flows and maintains working capital discipline with CY13 free cash flow (FCF) yield at 4.2%. Going forward, with increasing focus on energy efficiency pumps and up-tick expected from the revival of domestic capex cycle, we expect sales and PAT to grow at a CAGR of 10.8% and 22.5%, respectively, in CY13-16E. We initiate coverage on KSB with a BUY rating and assign it 23x P/E (1x PEG) on CY16E EPS of Rs 35.2 to arrive at a target price of Rs 810."

"KSB has a strong parentage with KBS AG, providing all R&D support and technical assistance. In India, it commands a market share of ~7% (pump sales of Rs 603 crore in CY13) out of the total industry size, which is pegged at ~Rs 8500 crore as of FY14. KSB supplies ~35% of its pumps in the standard pumps segment (used for irrigation & building services). It supplies remaining 65% of its pumps (~Rs 400 crore sales vis-à-vis market size of ~Rs 4500 crore, market share ~9%) to the industrial segment, which is technology intensive. Going forward, we expect KSB's pump sales to grow at a CAGR of 13.1% in CY13-16E to Rs 876 crore in CY16E."

"Valves constitute ~17% (Rs 122 crore in CY13) of consolidated sales. The performance of valves has been a laggard in the past few quarters on account of fierce competition and subdued demand (a majority of which is accounted by oil & gas sector). Going forward, KSB expects to consolidate its position in the valves market with focus on increasing profitability rather than chasing sales growth. Going forward, post a blip in CY14E, we expect valves sales to largely remain flat with CY16E sales at Rs 122 crore. KSB also owns 49% in MIL Controls Ltd (51% ownership with KSB AG) with an initial investment of Rs 6.3 crore, on which it is reaping rich benefits (share of profit at Rs 9.6 crore in CY13; RoI ~150%)."

"KSB is likely to realise operating leverage benefits (margin expansion of 360 bps and PAT CAGR of 22.5% in CY13-16E) in the form of higher demand for its product. This may lead to improvement in RoEs & RoCEs and strong FCF generation of Rs 90 crore in CY15E and Rs 114 crore in CY16E, going forward. We initiate coverage with a target price of Rs 810", says ICICIdirect.com research report.

For all recommendations, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here


14.03 | 0 komentar | Read More

Just Dial Q3 net up 8.03% at Rs 32.14 cr

Written By Unknown on Kamis, 29 Januari 2015 | 14.03

Just Dial's total income from operations grew 28.83 percent to Rs 154.42 crore in the quarter under review as against Rs 119.86 crore in year-ago period.

Local search engine  Just Dial  today reported 8.03 percent increase in net profit at Rs 32.14 crore for the quarter ended December 31, 2014.

The company had reported a net profit of Rs 29.75 crore in the corresponding quarter a year ago, it said in a BSE filing. Just Dial's total income from operations grew 28.83 percent to Rs 154.42 crore in the quarter under review as against Rs 119.86 crore in year-ago period. 

Its overall expenses stood at Rs 110.42 crore, up 21.64 percent as compared to Rs 90.77 crore in the third quarter of the previous fiscal.


14.03 | 0 komentar | Read More

Sensex, Nifty volatile; OBC tanks 6%, telecom stocks fall

Telecom stocks like Bharti Airtel and Idea Cellular are under pressure, down 2-3 percent after the Cabinet approved 3G auction reserve price at Rs 3,705 crore which is 36 percent higher than the trai recommendation and 10.6 percent higher than the previous 3G auction held in 2010.

12:26

Moneycontrol Bureau The 50-share NSE Nifty snapped winning streak to trade in the red on expiry day. The index fell 14.20 points to 8900.10 and the 30-share BSE Sensex declined 47.94 points to 29511.24, dragged by select metal and banking & financial stocks.

Asian markets traded lower, taking weak cues from the US markets and oil prices falling to new lows dampened sentiment. Brent crude traded below USD 49 a barrel.

Coal India topped the selling list on Nifty, down over 3 percent after the CCEA approved selling 5 percent stake or upto 31.58 crore shares in the company with a greenshoe option of an additional 5 percent stake. The market is waiting for floor price for the offer for sale scheduled for tomorrow.

HDFC Bank surged 2 percent after the cabinet approved the bank's proposal to bring in foreign investment worth Rs 10,000 crore without exceeding the 74 percent cap. Lupin too gained more than 1.5 percent as the company is now allowed to bring in foreign investment worth over Rs 6,000 crore after increase in FPI cap to 49 percent from the current 33 percent.

Telecom stocks like Bharti Airtel and Idea Cellular are under pressure, down 2-3 percent after the Cabinet approved 3G auction reserve price at Rs 3,705 crore which is 36 percent higher than the trai recommendation and 10.6 percent higher than the previous 3G auction held in 2010.

Oriental Bank of Commerce's (OBC) third quarter net profit plunged 91.3 percent year-on-year to Rs 19.5 crore, dented by reduction in the book value of security receipts. The profitability was also impacted by higher provisions but higher other income restricted fall in profits. The stock lost 6 percent.

11:00

Reliance is up 3 percent while HDFC Bank, Dr Reddy's Labs, Wipro and HUL are top gainers in the Sensex. Among the losers are Coal India, HDFC, Bharti Airtel, Sun Pharma and ICICI Bank.

Read More »

10:00

Banking & financials, metals, telecom and select technology stocks dragged the market while Reliance Industries, HDFC and L&T supported the market.

Read More »

09:15

Coal India is down 4 percent while ICICI Bank, Sesa Sterlite, SBI and Sun Pharma are among laggards. Top gainers are HDFC Bank, Maruti, GAIL, Tata Power and GAIL.

Read More »


14.02 | 0 komentar | Read More

Under-fire India face England in virtual semifinal

Lucky to share two points with Australia, who are awaiting their opponents in the final, in the washed off game in Sydney, the Mahendra Singh Dhoni-led side will not only try to address its bowling worries but also try to pull up its batting socks.

An under-fire India will be hoping to get their act together in the virtual semifinal against a better-placed England in the final league match of the cricket tri-series, tomorrow.

Lucky to share two points with Australia, who are awaiting their opponents in the final, in the washed off game in Sydney, the Mahendra Singh Dhoni-led side will not only try to address its bowling worries but also try to pull up its batting socks.

Failing to register a win in the league stage so far, the Indian bowlers were unable to defend their 267 runs in their first match, while the team was shot for 153 in the second game against England. 

All eyes were on Rohit Sharma's fitness after the opener failed to take part in the last two ODIs post a fluent 138 in the team's opener against the hosts but the team management is not looking to risk his strained hamstring so close to the World Cup. After undergoing a fitness test at WACA yesterday, Rohit batted in the nets for a while today and did look comfortable. But surprisingly he is still unavailable for selection for this upcoming match.

Ajinkya Rahane has shown flexibility with the think-tank still tinkering with the team's batting order as Ambati Rayudu looks uncomfortable at the number three position. Shikhar Dhawan's batting form has also contributed to India's dismal showing in the ODIs as the left-handed opener has just managed 11 runs in three matches to give the team a big reason to worry before the World Cup.

Dhawan enjoyed a brilliant outing in the 2013 Champions Trophy in England, scoring back-to-back hundreds that helped him accumulate 363 runs in just five matches at an average of 90.75. He won the man-of-the-tournament award back then, but ever since it has been downhill. The rest of the cast has also not been consistent and Virat Kohli is still trying to find his groove at the No.4 spot that the Indian think-tank seems to be settling him into.


14.02 | 0 komentar | Read More

Nikkei hits fresh one-month high on earnings hopes

Written By Unknown on Rabu, 28 Januari 2015 | 14.02

The Nikkei benchmark gained 0.2 percent to close at 17,795.73, its highest since Dec. 29, after reversing early losses triggered by profit-taking after disappointing US earnings.

Japanese stocks rose to a fresh one-month high on Wednesday as expectations of strong corporate earnings and a weaker yen boosted investor sentiment.

The Nikkei benchmark gained 0.2 percent to close at 17,795.73, its highest since Dec. 29, after reversing early losses triggered by profit-taking after disappointing US earnings. The average rose 1.7 percent on Tuesday.

Market participants were also buying on expectations that Wall Street shares would recover Tuesday's losses on Wednesday, as US stock futures rebounded during Asian hours.

Sony Corp gained 2.7 percent after sources told Reuters it plans to cut around 1,000 more jobs in its struggling smartphone division.

The broader Topix gained 0.3 percent to 1,429.92, while the JPX-Nikkei Index 400 ticked up 0.1 percent to 12,969.74.


14.02 | 0 komentar | Read More

McNally Bharat Engineering: Board Meeting on Feb 02, 2015

McNally Bharat Engineering Company board meeting to be held on February 02, 2015, to consider a proposal for raising Equity Capital through Preferential Allotment Basis.

McNally Bharat Engineering Company Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 02, 2015, to consider a proposal for raising Equity Capital through Preferential Allotment Basis.Source : BSE

Read all announcements in Mcnally Bh Engg


14.02 | 0 komentar | Read More

Fed seen patient with rate guidance amid global turmoil

The Federal Reserve is expected to signal it remains on track to begin raising interest rates later this year, as the central bank shows confidence that low inflation and rising risks from abroad have yet to derail the U.S. economic recovery.

The Fed's first two-day policy meeting of the year concludes on Wednesday, and policymakers will likely restate their "patient" approach to raising rates, while also voicing faith that the economy will continue improving.

Fed Chair Janet Yellen faces growing skepticism that the central bank can tighten monetary policy by mid-year, with a strengthening dollar and falling oil prices adding to worries that inflation readings remain too low for the Fed to begin hiking.

But U.S. central bank officials have argued that the drop in oil prices is a transitory factor that benefits U.S. consumers in the short run. And with unemployment dropping and growth on track, Fed officials have indicated they will move forward with an initial rate hike in the middle or latter half of the year even if other closely watched measures such as wages remain weak.

"The Fed will follow through and normalize rates later this year...Our thinking is June. I would not debate anybody who said September," said Mark Zandi, chief economist for Moody's Analytics.

This week's Federal Open Market Committee meeting features four new regional bank presidents who rotate into voting positions: Atlanta's Dennis Lockhart, Chicago's Charles Evans, Richmond's Jeffrey Lacker and San Francisco's John Williams. With the exception of Lacker, an inflation hawk, the rest of that bloc are largely dovish central bankers who have favored keeping rates low throughout the economic recovery.

MARKET TURMOIL

The Fed's policy statement on Wednesday will follow a tumultuous few weeks in markets worldwide. In that time, the divergence between the U.S. and other major central banks has become stark, with a host of countries cutting interest rates and the European Central Bank launching a massive new stimulus program.

The collapse in global oil prices is already helping to push the Fed further from achieving a key policy goal of raising annual inflation to two percent. Lower energy prices and the ECB's stimulus also adds further upward pressure on the dollar.

"The dollar, as a standalone, is unlikely to feature materially in the Fed's decision. But the Fed will consider the extent to which international weakness and geo-political issues counter better economic conditions," said Mohamed El-Erian, chief economic adviser at Allianz.

Morgan Stanley moved its Fed liftoff forecast to March 2016 from January, and lowered its 2015 core PCE growth forecast - a key Fed inflationary measure - to 1.2 percent from 1.9 percent.

U.S. economic data meanwhile has been mixed and futures contracts show investors betting on a greater chance of the Fed moving up rates in September or later, rather than June.

But in the Fed's December statement, its addition of the word "patient" in reference to rate guidance showed the central bank was still inching closer to lift off. Yellen went further at the December press conference to say the Fed was unlikely to begin the process for at least the "next couple of meetings."

That statement all but ruled out a move in January and March, with investors now watching for when 'patient' is dropped, which will likely signal the Fed is ready to move at the next meeting. While Yellen has said a rate decision depends on the data, the June meeting and its scheduled press conference appears to be the central bank's target.

"The Fed is operating under the base case of a June liftoff, and June is still several months away," said Cornerstone Macro economist Robert Perli, who added he expects, at most, minor changes to the Fed's December statement. "The Fed can afford to buy itself some more time, and that's exactly what we expect it to do."


14.02 | 0 komentar | Read More

In parting shot, Obama prods India on religious freedom

Written By Unknown on Selasa, 27 Januari 2015 | 14.03

U.S. President Barack Obama weighed in on one of India's most sensitive topics as he wound up a visit on Tuesday, making a plea for freedom of religion to be upheld in a country where relations between Hindus and minorities have come under strain.

Obama made no direct reference to Prime Minister Narendra Modi's Hindu nationalist Bharatiya Janata Party (BJP), whose rise to power last year has emboldened some Hindu groups to assert themselves in a country with a history of religious strife.

"Your Article 25 (of the constitution) says that all people are 'equally entitled to freedom of conscience and the right freely to profess, practice and propagate religion'," Obama told a townhall address to mostly young Indians in New Delhi.

"In both our countries, in all countries, upholding this fundamental freedom is the responsibility of government, but it's also the responsibility of every person."

Modi's rise to power has emboldened right-wing activists to openly declare India a nation of Hindus, posing a challenge to its multi-faith constitutional commitment. About a fifth of India's 1.27 billion people identify themselves as belonging to faiths other than Hinduism.

Modi has warned lawmakers from his own party to stop promoting controversial issues such as religious conversions and to focus on economic reforms.

Obama bonded warmly during his three-day trip with Modi, who until a year ago was persona non grata in Washington and was banned for nearly a decade from visiting the United States after deadly Hindu-Muslim violence in a state he ruled in 2002.

The U.S. president's visit has been widely seen as a bid to forge a relationship that will help balance China's rise by catapulting democratic India into the league of major world powers.

In his speech on Tuesday, Obama described the relationship between India and the United States as potentially "one of the defining partnerships of the century".

On Monday, he became the first U.S. president to attend India's annual Republic Day parade, a show of military might that has been associated with Cold War anti-Americanism.

Obama's presence at the parade signals Modi's willingness to end India's traditional reluctance to get too close to any big power. Instead, he is seeking close ties with them all, even as he pushes back against China and take sides on other global issues.

During the visit, the two sides sealed a clutch of deals to unlock billions of dollars in nuclear trade and deepen defence ties, and Obama pledged $4 billion in investments and loans to release what he called the "untapped potential" of a partnership between the world's largest democracies.

Most significant was an agreement on issues that, despite a groundbreaking 2006 pact, had stopped U.S. companies from setting up nuclear reactors in India and had become one of the major irritants in bilateral relations.

ENDORSING INDIAN REFORM

Obama said the United States would stand first in line for the trade and investment opportunities that will spring from the economic reform drive under Modi.

"America wants to be your partner in igniting the next wave of Indian growth. As India pursues reforms to encourage more trade and investment, we'll be the first in line," he told the townhall.

The United States views India as a vast market and potential counterweight to China's assertiveness. It has long been frustrated with the pace of New Delhi's economic reforms, but Modi has injected a new vitality into the economy.

Modi told a meeting with business leaders on Monday that U.S. investment in India had accelerated in recent months and vowed to do more to slash the country's notorious red tape and make it one of the world's easiest places for business.

Obama's second visit to India is the latest upturn in a roller-coaster relationship with Washington that a year ago was scarred by protectionism and a fiery diplomatic spat.

Praising the non-violence tenets of Mahatma Gandhi, Obama touched during his townhall speech on the treatment of women, an issue that has troubled India since the horrific gang rape and murder of a student on a bus in New Delhi two years ago.

"Every daughter deserves the same chance as our sons," he said. "And every woman should be able to go about her day — to walk the street, or ride the bus — and be safe and be treated with the respect and dignity. She deserves that."


14.03 | 0 komentar | Read More

Prefer Godrej Industries, Sintex: Kunal Bothra

Kunal Bothra of LKP Securities recommends Godrej Industries and Sintex Industries.

Kunal Bothra of LKP Securities told CNBC-TV18, " Century Textiles  end 2013 at Rs 25, it went up 5 times to close at Rs 158-160 end 2014 and the peak for 2015, so far has being Rs 199. I would recommend  Godrej Industries  from a trading perspective of six months. It is trading at around Rs 320, I would probably look at a target of at least Rs 380-400 on Godrej Industries."

"The second stock that I would recommend would be  Sintex Industries  with a one year target very close to Rs 140," he added.

Disclosure: Analyst has no personal holdings in the stock and it is possible that he may have recommended the same to his clients at LKP.


14.03 | 0 komentar | Read More

Aramco CEO says oil market imbalance not linked with Saudi

Saudi Arabia is the world's top oil exporter and largest producer in OPEC, which in November declined to cut its oil output to arrest the decline in oil prices and decided instead to focus on market share

The imbalance in the oil market has nothing to do with Saudi Arabia, and a fair oil price is what would ultimately balance supply and demand, the head of state oil company Saudi Aramco said on Tuesday.

"The math will tell you that our exports...are gradually declining so ‎the reason for the imbalance in the market absolutely has nothing to do with Saudi Arabia," chief executive Khalid al-Falih said at a conference in Riyadh.

"I would not venture to guess where the (fair oil) price will be but it will be the price that ultimately balances supply and demand, and I don't think that anybody, no single person can dictate what that price is. I will be foolish if I did that."

Saudi Arabia is the world's top oil exporter and largest producer in OPEC, which in November declined to cut its oil output to arrest the decline in oil prices and decided instead to focus on market share.


14.03 | 0 komentar | Read More

BHEL may test Rs 330, says Jai Bala

Written By Unknown on Sabtu, 24 Januari 2015 | 14.03

Jai Bala of cashthechaos.com is of the view that BHEL may test Rs 330 and feels that Reliance Industries may rise by 10-12 percent.

Jai Bala of cashthechaos.com told CNBC-TV18, "Pharma names are coming to life or they have already come back to life. There is a good chance that pharma will be an outperformer in this league of the market and I have been bullish on the engineering stocks and power sector stocks, particularly  BHEL  that will be doing pretty well. We are looking at something like Rs 330 for BHEL and although it has underperformed on Friday, BHEL is looking very good even at this level and of course you can't exclude banks from it. At this point,  SBI  still has some headroom for the rally. So these are the names I am looking at."

" Reliance Industries , which has actually started showing some signs could continue to give some more higher returns but it is not a trend changer in the longer term, it is still moving within the longer term range of Rs 1,060 to Rs 850. So, from the current level, it could offer
another 10-12 percent higher," he said.

Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.


14.03 | 0 komentar | Read More

Buy Axis Bank, UltraTech Cement: Nischal Maheshwari

Nischal Maheshwari - Head - Research at Edelweiss Capital recommends buying UltraTech Cement and Axis Bank.

Nischal Maheshwari - Head - Research at Edelweiss Capital told CNBC-TV18, "I would still buy  Axis Bank , I would still go out and buy  UltraTech Cement , I would still look at  Mahindra and Mahindra  and  ITC . So, these are three or four stocks where I am going to put my money in the largecaps."

On Friday, Axis Bank closed at Rs 565, up Re 0.05, or 0.01 percent. It has touched a 52-week high of Rs 577.15.


14.03 | 0 komentar | Read More

Prefer DHFL, MM: Nischal Maheshwari

Nischal Maheshwari - Head - Research at Edelweiss Capital is of the view that one may prefer Dewan Housing Finance, JK Lakshmi Cement and Mahindra and Mahindra.

Nischal Maheshwari - Head - Research at Edelweiss Capital told CNBC-TV18, " Dewan Housing Finance  is available pretty cheap, 1.2-1.3 times, there is  JK Lakshmi Cement  also. Then you have in the large caps,  Mahindra and Mahindra  where there is huge amount of underperformance and I believe once the new vehicles are out there is going to be huge outperformance happening on Mahindra and Mahindra. So these are some of the stocks basically which we like."

"In ITC  there has been a huge underperformance. Last quarter results have been a bit disappointing but I believe once the Budget is out of the way ITC should perform pretty well from here," he said.


14.03 | 0 komentar | Read More

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Written By Unknown on Kamis, 22 Januari 2015 | 14.02

Moneycontrol Latest NewsMoneycontrol LogoSentiments to convert into investments soon: JaitleySensex, Nifty hold early gains; Sun Pharma, Axis top moversPalred Technologies' revised board meeting on Jan 29, 2015Fineotex Chemical's board meeting on Jan 30, 2015Prefer ITC over HUL for long term: Rahul AroraFravin deal won't impact company nos meaningfully: EmamiIndia on high alert ahead of Obama visit after terror inputRabobank sees reforming EMs drawing ECB QE:Advantage India?Oriental Bank of Commerce's bond issue to open on Jan 23, 2015Canara Bank's Q3 results on Feb 04, 2015Accumulate Bajaj Auto; target of Rs 2556: Kotak SecuritiesBuy Wipro; target of Rs 624: Kotak SecuritiesTerm Repo Auctions under Liquidity Adjustment FacilitySteelMin seeks hiking of import duty on finished productsCombative Maran accuses CBI of 'fixing', claims RSS link

Latest News from Moneycontrol.com http://www.moneycontrol.com Thu, 22 Jan 2015 12:30:04 +0530 Moneycontrol.com http://img1.moneycontrol.com/images/top2010/moneycontrol_logo.jpg http://www.moneycontrol.com Feed provided by Moneycontrol. http://www.moneycontrol.com/news/economy/sentiments-to-convert-into-investments-soon-jaitley_1281011.html <img src="http://www.moneycontrol.com/news_image_files/2014/j/jaitley3_356_200_2902.jpg" alt="Arun Jaitley" title="Arun Jaitley" border="0" width="75" height="75" align=" left" hspace="5"/> With a packed agenda of meetings with investors and the government representatives from various countries at WEF annual meeting, Jaitley said that many of these investors were looking at India either to invest or to expand their presence. Thu, 22 Jan 2015 12:28:34 +0530 http://www.moneycontrol.com/news/economy/sentiments-to-convert-into-investments-soon-jaitley_1281011.html http://www.moneycontrol.com/news/local-markets/sensex-nifty-hold-early-gains-sun-pharma-axis-top-movers_1281043.html <img src="http://www.moneycontrol.com/news_image_files/2013/b/BSE_Sensex_21May_190.jpg" alt="Sensex, Nifty hold early gains; Sun Pharma, Axis top movers" title="Sensex, Nifty hold early gains; Sun Pharma, Axis top movers" border="0" width="75" height="75" align=" left" hspace="5"/> Sun Pharma topped the buying list in Sensex, up 4 percent. Shares of Infosys, Axis Bank, Tata Motors, ONGC, HUL, Dr Reddy's Labs and Cipla gained 1-2.4 percent whereas Reliance Industries and NTPC declined 1.5-2 percent. Thu, 22 Jan 2015 12:25:21 +0530 http://www.moneycontrol.com/news/local-markets/sensex-nifty-hold-early-gains-sun-pharma-axis-top-movers_1281043.html http://www.moneycontrol.com/news/announcements/palred-technologies-revised-board-meetingjan-29-2015_1281041.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment2.jpg" alt="Palred Technologies' revised board meeting on Jan 29, 2015" title="Palred Technologies' revised board meeting on Jan 29, 2015" border="0" width="75" height="75" align=" left" hspace="5"/> Palred Technologies Ltd has informed BSE that the date of meeting of Board of Directors of the Company is revised and scheduled to be held on January 29, 2015, to consider and approve the unaudited financial results for the quarter ended December 31, 2014. Thu, 22 Jan 2015 12:15:26 +0530 http://www.moneycontrol.com/news/announcements/palred-technologies-revised-board-meetingjan-29-2015_1281041.html http://www.moneycontrol.com/news/announcements/fineotex-chemicals-board-meetingjan-30-2015_1281040.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment2.jpg" alt="Fineotex Chemical's board meeting on Jan 30, 2015" title="Fineotex Chemical's board meeting on Jan 30, 2015" border="0" width="75" height="75" align=" left" hspace="5"/> Fineotex Chemical Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 30, 2015, to fix the Record Date for finalizing the list of shareholders for the purpose of Allotment of Bonus Shares. Thu, 22 Jan 2015 12:15:25 +0530 http://www.moneycontrol.com/news/announcements/fineotex-chemicals-board-meetingjan-30-2015_1281040.html http://www.moneycontrol.com/news/stocks-views/prefer-itc-over-hul-for-long-term-rahul-arora_1281028.html <img src="http://www.moneycontrol.com/news_image_files/Consumer-price-inflation.jpg" alt="Rahul Arora" title="Rahul Arora" border="0" width="75" height="75" align=" left" hspace="5"/> According to Rahul Arora, CEO at Nirmal Bang Institutional Equities, one may prefer ITC over Hindustan Unilever with long term perspective. Thu, 22 Jan 2015 12:15:06 +0530 http://www.moneycontrol.com/news/stocks-views/prefer-itc-over-hul-for-long-term-rahul-arora_1281028.html http://www.moneycontrol.com/news/business/fravin-deal-wont-impact-company-nos-meaningfully-emami_1281029.html <img src="http://www.moneycontrol.com/news_image_files/2015/h/harshagarwal.jpg" alt="Fravin deal won't impact company nos meaningfully: Emami" title="Fravin deal won't impact company nos meaningfully: Emami" border="0" width="75" height="75" align=" left" hspace="5"/> Harsh V Agarwal, wholetime director, Emami says the acquisition is small but strategically important one. Thu, 22 Jan 2015 12:13:09 +0530 http://www.moneycontrol.com/news/business/fravin-deal-wont-impact-company-nos-meaningfully-emami_1281029.html http://www.moneycontrol.com/news/business/indiahigh-alert-aheadobama-visit-after-terror-input_1281025.html <img src="http://www.moneycontrol.com/news_image_files/2014/o/obama_modi_200.jpg" alt="India on high alert ahead of Obama visit after terror input" title="India on high alert ahead of Obama visit after terror input" border="0" width="75" height="75" align=" left" hspace="5"/> Inputs from intelligence agency National Technical Research Organisation (NTRO) along with other intelligence sources suggest that a terror attack is imminent during the Obama visit. Thu, 22 Jan 2015 12:06:14 +0530 http://www.moneycontrol.com/news/business/indiahigh-alert-aheadobama-visit-after-terror-input_1281025.html http://www.moneycontrol.com/news/fii-view/rabobank-sees-reforming-ems-drawing-ecb-qeadvantage-india_1280978.html <img src="http://www.moneycontrol.com/news_image_files/2015/j/janlambregts_rabobank_200.jpg" alt="Jan Lambregts" title="Jan Lambregts" border="0" width="75" height="75" align=" left" hspace="5"/> The expectation is that ECB in today's meeting is likely to unveil bond buying programme to the tune of 50 billion euros per month. But the move will not start a rally in Europe. Instead emerging economies undergoing reforms will see good amount of gains from the QE money. Thu, 22 Jan 2015 12:04:44 +0530 http://www.moneycontrol.com/news/fii-view/rabobank-sees-reforming-ems-drawing-ecb-qeadvantage-india_1280978.html http://www.moneycontrol.com/news/announcements/oriental-bankcommerces-bond-issue-to-openjan-23-2015_1281024.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment2.jpg" alt="Oriental Bank of Commerce's bond issue to open on Jan 23, 2015" title="Oriental Bank of Commerce's bond issue to open on Jan 23, 2015" border="0" width="75" height="75" align=" left" hspace="5"/> Oriental Bank of Commerce's issue of Basel III Compliant Perpetual Debt Instruments of Rs 10 lakh each for cash at par aggregating Rs 500 crore is slated to open on January 23, 2015 and will close on February 06, 2015 and the deemed date of allotment shall be February 10, 2015. Thu, 22 Jan 2015 12:04:10 +0530 http://www.moneycontrol.com/news/announcements/oriental-bankcommerces-bond-issue-to-openjan-23-2015_1281024.html http://www.moneycontrol.com/news/announcements/canara-banks-q3-resultsfeb-04-2015_1281023.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment_190.jpg" alt="Canara Bank's Q3 results on Feb 04, 2015" title="Canara Bank's Q3 results on Feb 04, 2015" border="0" width="75" height="75" align=" left" hspace="5"/> Canara Bank has informed BSE that a meeting of the Board of Directors of the Bank will be held on February 04, 2015,
inter-alia to approve, the Reviewed Financial Results of the Bank, for the Third Quarter and Nine Months ended December 31, 2014 (Q3). Thu, 22 Jan 2015 12:02:51 +0530 http://www.moneycontrol.com/news/announcements/canara-banks-q3-resultsfeb-04-2015_1281023.html http://www.moneycontrol.com/news/recommendations/accumulate-bajaj-auto-targetrs-2556-kotak-securities_1280991.html <img src="http://www.moneycontrol.com/news_image_files/2013/b/bajaj_auto_earnings.jpg" alt="Accumulate Bajaj Auto; target of Rs 2556: Kotak Securities" title="Accumulate Bajaj Auto; target of Rs 2556: Kotak Securities" border="0" width="75" height="75" align=" left" hspace="5"/> Kotak Securities is bullish on Bajaj Auto (BAL) and has recommended accumulate rating on the stock with a target price of Rs 2556, in its research report dated January 19, 2015. Thu, 22 Jan 2015 11:56:38 +0530 http://www.moneycontrol.com/news/recommendations/accumulate-bajaj-auto-targetrs-2556-kotak-securities_1280991.html http://www.moneycontrol.com/news/recommendations/buy-wipro-targetrs-624-kotak-securities_1280980.html <img src="http://www.moneycontrol.com/news_image_files/2014/w/Wipro_200x200.jpg" alt="Buy Wipro; target of Rs 624: Kotak Securities" title="Buy Wipro; target of Rs 624: Kotak Securities" border="0" width="75" height="75" align=" left" hspace="5"/> Kotak Securities is bullish on Wipro and has recommended buy rating on the stock with a target price of Rs 624, in its research report dated January 19, 2015. Thu, 22 Jan 2015 11:56:19 +0530 http://www.moneycontrol.com/news/recommendations/buy-wipro-targetrs-624-kotak-securities_1280980.html http://www.moneycontrol.com/news/press-release/term-repo-auctions-under-liquidity-adjustment-facility_1281017.html <img src="http://www.moneycontrol.com/news_image_files/rupee2.jpg" alt="Term Repo Auctions under Liquidity Adjustment Facility" title="Term Repo Auctions under Liquidity Adjustment Facility" border="0" width="75" height="75" align=" left" hspace="5"/> Term Repo Auctions under Liquidity Adjustment Facility Thu, 22 Jan 2015 11:55:00 +0530 http://www.moneycontrol.com/news/press-release/term-repo-auctions-under-liquidity-adjustment-facility_1281017.html http://www.moneycontrol.com/news/economy/steelmin-seeks-hikingimport-dutyfinished-products_1280999.html <img src="http://www.moneycontrol.com/news_image_files/2014/c/customs_export_import_1_356x200_200_0322.jpg" alt="SteelMin seeks hiking of import duty on finished products" title="SteelMin seeks hiking of import duty on finished products" border="0" width="75" height="75" align=" left" hspace="5"/> Steel and mines minister Narendra Singh Tomar, did not pitch for slashing export duty on iron ore in order to ensure long-term raw material security for the domestic firms. Thu, 22 Jan 2015 11:53:18 +0530 http://www.moneycontrol.com/news/economy/steelmin-seeks-hikingimport-dutyfinished-products_1280999.html http://www.moneycontrol.com/news/current-affairs/combative-maran-accuses-cbifixing-claims-rss-link_1280995.html <img src="http://www.moneycontrol.com/news_image_files/dayanidhi_maran1-190.jpg" alt="Combative Maran accuses CBI of 'fixing', claims RSS link" title="Combative Maran accuses CBI of 'fixing', claims RSS link" border="0" width="75" height="75" align=" left" hspace="5"/> Maran, who is facing CBI heat, alleged that the investigating agency was compelling the three arrested persons to complain against him and that they were even tortured to give "false statement". Thu, 22 Jan 2015 11:48:35 +0530 http://www.moneycontrol.com/news/current-affairs/combative-maran-accuses-cbifixing-claims-rss-link_1280995.html

Moneycontrol Latest NewsMoneycontrol LogoSentiments to convert into investments soon: JaitleySensex, Nifty hold early gains; Sun Pharma, Axis top moversPalred Technologies' revised board meeting on Jan 29, 2015Fineotex Chemical's board meeting on Jan 30, 2015Prefer ITC over HUL for long term: Rahul AroraFravin deal won't impact company nos meaningfully: EmamiIndia on high alert ahead of Obama visit after terror inputRabobank sees reforming EMs drawing ECB QE:Advantage India?Oriental Bank of Commerce's bond issue to open on Jan 23, 2015Canara Bank's Q3 results on Feb 04, 2015Accumulate Bajaj Auto; target of Rs 2556: Kotak SecuritiesBuy Wipro; target of Rs 624: Kotak SecuritiesTerm Repo Auctions under Liquidity Adjustment FacilitySteelMin seeks hiking of import duty on finished productsCombative Maran accuses CBI of 'fixing', claims RSS link

Latest News from Moneycontrol.com http://www.moneycontrol.com Thu, 22 Jan 2015 12:30:04 +0530 Moneycontrol.com http://img1.moneycontrol.com/images/top2010/moneycontrol_logo.jpg http://www.moneycontrol.com Feed provided by Moneycontrol. http://www.moneycontrol.com/news/economy/sentiments-to-convert-into-investments-soon-jaitley_1281011.html <img src="http://www.moneycontrol.com/news_image_files/2014/j/jaitley3_356_200_2902.jpg" alt="Arun Jaitley" title="Arun Jaitley" border="0" width="75" height="75" align=" left" hspace="5"/> With a packed agenda of meetings with investors and the government representatives from various countries at WEF annual meeting, Jaitley said that many of these investors were looking at India either to invest or to expand their presence. Thu, 22 Jan 2015 12:28:34 +0530 http://www.moneycontrol.com/news/economy/sentiments-to-convert-into-investments-soon-jaitley_1281011.html http://www.moneycontrol.com/news/local-markets/sensex-nifty-hold-early-gains-sun-pharma-axis-top-movers_1281043.html <img src="http://www.moneycontrol.com/news_image_files/2013/b/BSE_Sensex_21May_190.jpg" alt="Sensex, Nifty hold early gains; Sun Pharma, Axis top movers" title="Sensex, Nifty hold early gains; Sun Pharma, Axis top movers" border="0" width="75" height="75" align=" left" hspace="5"/> Sun Pharma topped the buying list in Sensex, up 4 percent. Shares of Infosys, Axis Bank, Tata Motors, ONGC, HUL, Dr Reddy's Labs and Cipla gained 1-2.4 percent whereas Reliance Industries and NTPC declined 1.5-2 percent. Thu, 22 Jan 2015 12:25:21 +0530 http://www.moneycontrol.com/news/local-markets/sensex-nifty-hold-early-gains-sun-pharma-axis-top-movers_1281043.html http://www.moneycontrol.com/news/announcements/palred-technologies-revised-board-meetingjan-29-2015_1281041.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment2.jpg" alt="Palred Technologies' revised board meeting on Jan 29, 2015" title="Palred Technologies' revised board meeting on Jan 29, 2015" border="0" width="75" height="75" align=" left" hspace="5"/> Palred Technologies Ltd has informed BSE that the date of meeting of Board of Directors of the Company is revised and scheduled to be held on January 29, 2015, to consider and approve the unaudited financial results for the quarter ended December 31, 2014. Thu, 22 Jan 2015 12:15:26 +0530 http://www.moneycontrol.com/news/announcements/palred-technologies-revised-board-meetingjan-29-2015_1281041.html http://www.moneycontrol.com/news/announcements/fineotex-chemicals-board-meetingjan-30-2015_1281040.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment2.jpg" alt="Fineotex Chemical's board meeting on Jan 30, 2015" title="Fineotex Chemical's board meeting on Jan 30, 2015" border="0" width="75" height="75" align=" left" hspace="5"/> Fineotex Chemical Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 30, 2015, to fix the Record Date for finalizing the list of shareholders for the purpose of Allotment of Bonus Shares. Thu, 22 Jan 2015 12:15:25 +0530 http://www.moneycontrol.com/news/announcements/fineotex-chemicals-board-meetingjan-30-2015_1281040.html http://www.moneycontrol.com/news/stocks-views/prefer-itc-over-hul-for-long-term-rahul-arora_1281028.html <img src="http://www.moneycontrol.com/news_image_files/Consumer-price-inflation.jpg" alt="Rahul Arora" title="Rahul Arora" border="0" width="75" height="75" align=" left" hspace="5"/> According to Rahul Arora, CEO at Nirmal Bang Institutional Equities, one may prefer ITC over Hindustan Unilever with long term perspective. Thu, 22 Jan 2015 12:15:06 +0530 http://www.moneycontrol.com/news/stocks-views/prefer-itc-over-hul-for-long-term-rahul-arora_1281028.html http://www.moneycontrol.com/news/business/fravin-deal-wont-impact-company-nos-meaningfully-emami_1281029.html <img src="http://www.moneycontrol.com/news_image_files/2015/h/harshagarwal.jpg" alt="Fravin deal won't impact company nos meaningfully: Emami" title="Fravin deal won't impact company nos meaningfully: Emami" border="0" width="75" height="75" align=" left" hspace="5"/> Harsh V Agarwal, wholetime director, Emami says the acquisition is small but strategically important one. Thu, 22 Jan 2015 12:13:09 +0530 http://www.moneycontrol.com/news/business/fravin-deal-wont-impact-company-nos-meaningfully-emami_1281029.html http://www.moneycontrol.com/news/business/indiahigh-alert-aheadobama-visit-after-terror-input_1281025.html <img src="http://www.moneycontrol.com/news_image_files/2014/o/obama_modi_200.jpg" alt="India on high alert ahead of Obama visit after terror input" title="India on high alert ahead of Obama visit after terror input" border="0" width="75" height="75" align=" left" hspace="5"/> Inputs from intelligence agency National Technical Research Organisation (NTRO) along with other intelligence sources suggest that a terror attack is imminent during the Obama visit. Thu, 22 Jan 2015 12:06:14 +0530 http://www.moneycontrol.com/news/business/indiahigh-alert-aheadobama-visit-after-terror-input_1281025.html http://www.moneycontrol.com/news/fii-view/rabobank-sees-reforming-ems-drawing-ecb-qeadvantage-india_1280978.html <img src="http://www.moneycontrol.com/news_image_files/2015/j/janlambregts_rabobank_200.jpg" alt="Jan Lambregts" title="Jan Lambregts" border="0" width="75" height="75" align=" left" hspace="5"/> The expectation is that ECB in today's meeting is likely to unveil bond buying programme to the tune of 50 billion euros per month. But the move will not start a rally in Europe. Instead emerging economies undergoing reforms will see good amount of gains from the QE money. Thu, 22 Jan 2015 12:04:44 +0530 http://www.moneycontrol.com/news/fii-view/rabobank-sees-reforming-ems-drawing-ecb-qeadvantage-india_1280978.html http://www.moneycontrol.com/news/announcements/oriental-bankcommerces-bond-issue-to-openjan-23-2015_1281024.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment2.jpg" alt="Oriental Bank of Commerce's bond issue to open on Jan 23, 2015" title="Oriental Bank of Commerce's bond issue to open on Jan 23, 2015" border="0" width="75" height="75" align=" left" hspace="5"/> Oriental Bank of Commerce's issue of Basel III Compliant Perpetual Debt Instruments of Rs 10 lakh each for cash at par aggregating Rs 500 crore is slated to open on January 23, 2015 and will close on February 06, 2015 and the deemed date of allotment shall be February 10, 2015. Thu, 22 Jan 2015 12:04:10 +0530 http://www.moneycontrol.com/news/announcements/oriental-bankcommerces-bond-issue-to-openjan-23-2015_1281024.html http://www.moneycontrol.com/news/announcements/canara-banks-q3-resultsfeb-04-2015_1281023.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment_190.jpg" alt="Canara Bank's Q3 results on Feb 04, 2015" title="Canara Bank's Q3 results on Feb 04, 2015" border="0" width="75" height="75" align=" left" hspace="5"/> Canara Bank has informed BSE that a meeting of the Board of Directors of the Bank will be held on February 04, 2015,
inter-alia to approve, the Reviewed Financial Results of the Bank, for the Third Quarter and Nine Months ended December 31, 2014 (Q3). Thu, 22 Jan 2015 12:02:51 +0530 http://www.moneycontrol.com/news/announcements/canara-banks-q3-resultsfeb-04-2015_1281023.html http://www.moneycontrol.com/news/recommendations/accumulate-bajaj-auto-targetrs-2556-kotak-securities_1280991.html <img src="http://www.moneycontrol.com/news_image_files/2013/b/bajaj_auto_earnings.jpg" alt="Accumulate Bajaj Auto; target of Rs 2556: Kotak Securities" title="Accumulate Bajaj Auto; target of Rs 2556: Kotak Securities" border="0" width="75" height="75" align=" left" hspace="5"/> Kotak Securities is bullish on Bajaj Auto (BAL) and has recommended accumulate rating on the stock with a target price of Rs 2556, in its research report dated January 19, 2015. Thu, 22 Jan 2015 11:56:38 +0530 http://www.moneycontrol.com/news/recommendations/accumulate-bajaj-auto-targetrs-2556-kotak-securities_1280991.html http://www.moneycontrol.com/news/recommendations/buy-wipro-targetrs-624-kotak-securities_1280980.html <img src="http://www.moneycontrol.com/news_image_files/2014/w/Wipro_200x200.jpg" alt="Buy Wipro; target of Rs 624: Kotak Securities" title="Buy Wipro; target of Rs 624: Kotak Securities" border="0" width="75" height="75" align=" left" hspace="5"/> Kotak Securities is bullish on Wipro and has recommended buy rating on the stock with a target price of Rs 624, in its research report dated January 19, 2015. Thu, 22 Jan 2015 11:56:19 +0530 http://www.moneycontrol.com/news/recommendations/buy-wipro-targetrs-624-kotak-securities_1280980.html http://www.moneycontrol.com/news/press-release/term-repo-auctions-under-liquidity-adjustment-facility_1281017.html <img src="http://www.moneycontrol.com/news_image_files/rupee2.jpg" alt="Term Repo Auctions under Liquidity Adjustment Facility" title="Term Repo Auctions under Liquidity Adjustment Facility" border="0" width="75" height="75" align=" left" hspace="5"/> Term Repo Auctions under Liquidity Adjustment Facility Thu, 22 Jan 2015 11:55:00 +0530 http://www.moneycontrol.com/news/press-release/term-repo-auctions-under-liquidity-adjustment-facility_1281017.html http://www.moneycontrol.com/news/economy/steelmin-seeks-hikingimport-dutyfinished-products_1280999.html <img src="http://www.moneycontrol.com/news_image_files/2014/c/customs_export_import_1_356x200_200_0322.jpg" alt="SteelMin seeks hiking of import duty on finished products" title="SteelMin seeks hiking of import duty on finished products" border="0" width="75" height="75" align=" left" hspace="5"/> Steel and mines minister Narendra Singh Tomar, did not pitch for slashing export duty on iron ore in order to ensure long-term raw material security for the domestic firms. Thu, 22 Jan 2015 11:53:18 +0530 http://www.moneycontrol.com/news/economy/steelmin-seeks-hikingimport-dutyfinished-products_1280999.html http://www.moneycontrol.com/news/current-affairs/combative-maran-accuses-cbifixing-claims-rss-link_1280995.html <img src="http://www.moneycontrol.com/news_image_files/dayanidhi_maran1-190.jpg" alt="Combative Maran accuses CBI of 'fixing', claims RSS link" title="Combative Maran accuses CBI of 'fixing', claims RSS link" border="0" width="75" height="75" align=" left" hspace="5"/> Maran, who is facing CBI heat, alleged that the investigating agency was compelling the three arrested persons to complain against him and that they were even tortured to give "false statement". Thu, 22 Jan 2015 11:48:35 +0530 http://www.moneycontrol.com/news/current-affairs/combative-maran-accuses-cbifixing-claims-rss-link_1280995.html


14.02 | 0 komentar | Read More

Bharti Airtel may bounce to Rs 365, says Siddarth Bhamre

Written By Unknown on Selasa, 20 Januari 2015 | 14.03

Siddarth Bhamre of Angel Broking is of the view that Bharti Airtel may bounce back till Rs 365.

Siddarth Bhamre of Angel Broking told CNBC-TV18, "We are seeing telecom doing well in volatile market. Idea Cellular  has done well, Bharti Airtel  is bouncing back from its support of around Rs 340-345. It has strong resistance around Rs 365, so that is where we are expecting that this bounce back would take the stock."

At 11:55 hrs Bharti Airtel was quoting at Rs 352.40, up Rs 2.15, or 0.61 percent. It has touched an intraday high of Rs 352.70 and an intraday low of Rs 348.30.


14.03 | 0 komentar | Read More

Strides in licensing pact with Gilead Science for HIV drug

Under the pact, Gilead has extended non-exclusive rights to Strides to manufacture and distribute Under the pact, Gilead has extended non-exclusive rights to Strides to manufacture and distribute Tenofovir Alafenamide, both as a single agent product and in combination with other drugs.

Moneycontrol Bureau

Strides Arcolab  Limited on Tuesday announced a licensing agreement with Gilead Sciences, Inc for HIV drug Tenofovir Alafenamide (TAF).

Under the pact, Gilead has extended non-exclusive rights for Strides to manufacture and distribute TAF, both as a single agent product and in combination with other drugs, the Strides release said.

The license being granted to Strides extends to 112 countries, which together account for more than 30 million people living with HIV, the release said.

As part of the licensing agreement, pending U.S. Food and Drug administration (US FDA) approval of the Gilead product, Strides will receive a technology transfer from Gilead, enabling Strides to manufacture low-cost versions of TAF for developing countries, the Strides release said.

TAF is a novel nucleotide reverse transcriptase inhibitor that has demonstrated high antiviral efficacy at a dose 10 times lower than Gilead's Viread® (tenofovir disoproxil fumarate), as well as an improved renal and bone safety profile, the release said.

TAF and TAF-based regimens are investigational products in the United States and have not yet been determined safe or efficacious in humans, the release said.

Strides Arcolab stock price

On January 20, 2015, at 12:31 hrs Strides Arcolab was quoting at Rs 938.00, up Rs 11.55, or 1.25 percent. The 52-week high of the share was Rs 999.00 and the 52-week low was Rs 343.80.


The company's trailing 12-month (TTM) EPS was at Rs 645.04 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 1.45. The latest book value of the company is Rs 273.80 per share. At current value, the price-to-book value of the company is 3.43.


14.03 | 0 komentar | Read More

HCL Tech may test Rs 1546, says Siddarth Bhamre

Siddarth Bhamre of Angel Broking is of the view that HCL Tech may test Rs 1546.

Siddarth Bhamre of Angel Broking told CNBC-TV18, "We are seeing mix set of numbers in the IT sector.  Wipro has reacted positively, Tata Consultancy Services  (TCS) not so positive and Infosys  is sideways. Interestingly HCL Technologies  yesterday opened quite high and throughout the day the stock was correcting. It was taking some resistance around Rs 1,600 and then it went up because of short covering. We did not see formation of long position and yesterday throughout the day formation of short positions was taking place."

"The stock can drift down from current level. We are not having very aggressive targets in our short or buy call either but I am expecting corrections in HCL Tech and some of the IT names. Wipro may underperform, TCS and HCL Tech may correct further. Therefore, target for HCL Tech is Rs 1,546 and stoploss is Rs 1,688," he said.


14.03 | 0 komentar | Read More

Triveni Glass' board meeting on January 30, 2015

Written By Unknown on Senin, 19 Januari 2015 | 14.02

Triveni Glass Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 30, 2015, to take note on the Financial Operations for the quarter ended December 31, 2014 and to take note and record the Unaudited financial Results of the Company for the quarter ended December 31, 2014.

Triveni Glass Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 30, 2015, inter alia, consider the following business as under:1. To take note on the Financial Operations for the quarter ended December 31, 2014.2. To take note and record the Unaudited financial Results of the Company for the quarter ended December 31, 2014.Source : BSE

Read all announcements in Triveni Glass

To read the full report click here


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Advance PowerInfra Tech: Updates on outcome of AGM

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Marsons: Updates on outcome of AGM

Marsons Ltd has submitted to BSE a copy of the minutes of the Annual General Meeting of the members of the Company held on December 30, 2014.

Marsons Ltd has submitted to BSE a copy of the minutes of the Annual General Meeting of the members of the Company held on December 30, 2014.Source : BSE

Read all announcements in Marsons

To read the full report click here


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Mutual Funds NAVs gain as markets closed higher

Written By Unknown on Minggu, 18 Januari 2015 | 14.02

Equity Mutual Funds closed in a positive terrain as the market saw consolidation on Friday after rallying 729 points on the Sensex in previous session. FMCG, capital goods and healthcare stocks supported the market while technology, select metals and auto stocks saw selling pressure. All the funds belonging to Equity category delivered stable performance with few decline.

Among sectoral funds, Banking & Finance, Pharma & Healthcare and FMCG ended with positive returns whereas, Technology funds ended with negative returns.

The 30-share BSE Sensex rose 46.34 points to 28121.89 while the 50-share NSE Nifty closed above the 8500-mark, up 19.65 points at 8513.80.

Though current valuations look expensive, the new high by expiry can not be ruled out, say experts.

In the fixed income space, all the funds in debt funds too ended higher. The Bond markets rallied on Thursday as the surprise rate cut "out of the policy review cycle" by the Reserve Bank of India led debt investors to believe that the low-interest rate regime has just begun, and there's more to come. The 10-year government benchmark bond yield dipped 10 basis points to hit an intra-day low at 7.67% as prices moved up.

Check out all mutual fund gainers & losers

Here is the day's performance and the gainers and losers across categories.

Equity diversified: Top gainers

*  Sundaram Media & Entertainment Opportunities - Retail (G) up 1.62%
*  SBI Magnum Global Fund (G) up 0.95%
*  Reliance Growth Fund - Retail Plan (G) up 0.85%

Equity diversified: Top losers

*  Mirae Asset Global Commodity Stock Fund - Regular Plan (G) down 0.77%
*  Religare Invesco AGILE Fund (G) down 0.51%
*  HDFC Premier Multi-Cap Fund (G) down 0.44%

Tax saving funds: Top gainers

*  IDBI Equity Advantage Fund - Regular Plan (G) up 1.02%
*  ICICI Prudential R.I.G.H.T. Fund (G) up 0.98%
*  Birla Sun Life Focused Equity Fund - Series 1-Regular Plan (G) up 0.88%

Tax saving funds: Top losers

*  Religare Invesco AGILE Tax Fund (G) down 0.48%
*  HDFC Tax Saver (G) down 0.32%
*  HDFC Long Term Advantage Fund (G) down 0.23%

Sector funds: Top gainers

*  Reliance Media & Entertainment Fund (G) up 2.25%
*  SBI Pharma Fund (G) up 1.13%
*  UTI Pharma & Healthcare Fund (G) up 1.03%

Sector funds: Top losers

*  ICICI Prudential Technology Fund (G) down 0.45%
*  Taurus Banking & Financial Services Fund (G) down 0.32%
*  DSP BlackRock Technology.Com - Regular Plan (G) down 0.26%

Balanced funds: Top gainers

* SBI Magnum Balanced Fund (G) down 0.45%
*  Escorts Balanced Fund (G) down 0.40%
*  Edelweiss Absolute Return Fund (G) down 0.39%

Balanced funds: Top losers

*  UTI CCP Advantage Fund (G) up 0.10%
*  HDFC Prudence Fund (G) up 0.10%

Debt funds: Top gainers

*  SBI EDGE Fund (G) up 0.81%
*  Sundaram Flexible Fund - Flexible Income - Regular Plan (G) up 0.57%
*  ICICI Prudential Income Opportunities Fund (G) up 0.55%

Debt funds: Top losers

*  DWS Gilt Fund - Regular Plan (G) down 0.06%
*  Motilal Oswal MOSt 10 Year Gilt Fund (G) down 0.05%
*  Birla Sun Life Gilt Plus (Regular Plan) (G) down 0.05%

For more Mutual Fund News click here >>


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Blackberry to woo its fans with Blackberry Classic

Blackberry is back with the much awaited 'Classic' aiming to woo its original fan following all over again. Will the company hit a home run this time around, reports CNBC-TV18's Megha Vishwanath.

It's time for the weekly tech dose and this story might get you somewhat nostalgic! Blackberry is back with the much awaited 'Classic' aiming to woo its original fan following all over again. Will the company hit a home run this time around, reports CNBC-TV18's Megha Vishwanath.


14.02 | 0 komentar | Read More

General Motors likely to introduce a compact SUV by 2018

Remember the Adra concept showcased at the Auto Expo 2014 ? Looks like GM will launch the production version only by late 2017 or early 2018. According to reports, Jaime Adrila, president of GM South America said that Chevy is looking to produce a new compact SUV and it will be in the market three years from now. While Jaime didn't say this, we believe that this new compact SUV will most... Read More


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Agrim Marketing buys 2.5 lakh shares of SE Investments

Written By Unknown on Sabtu, 17 Januari 2015 | 14.03

On January 16, 2015 Agrim Marketing bought 2,50,000 shares of SE Investments at Rs 259.00 on the NSE.

On January 16, 2015 Agrim Marketing bought 2,50,000 shares of  SE Investments  at Rs 259.00 on the NSE.

On Friday, SE Investments closed at Rs 260.60, up Rs 2.20, or 0.85 percent.

The share touched its 52-week high Rs 537.45 and 52-week low Rs 180.75 on 19 June, 2014 and 26 November, 2014, respectively.


14.03 | 0 komentar | Read More

India Value Fund sells 22.2 lakh shares of Mahindra CIE

On January 16, 2015 India Value Fund III-A sold 2,221,000 shares of Mahindra CIE at Rs 227.29 on the NSE.

On January 16, 2015 India Value Fund III-A sold 2,221,000 shares of  Mahindra CIE  at Rs 227.29 on the NSE.

On Friday, Mahindra CIE Automotive closed at Rs 232.95, down Rs 14.70, or 5.94 percent on the BSE.

The share touched its 52-week high Rs 257.00 and 52-week low Rs 46.40 on 15 January, 2015 and 20 January, 2014, respectively.


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Blue Ocean sells 10 lakh shares of Sterling Holiday Resorts

On January 16, 2015 Blue Ocean Investment Trust sold 1,000,000 shares of Sterling Holiday Resorts at Rs 219.96 on the BSE.

On January 16, 2015 Blue Ocean Investment Trust sold 1,000,000 shares of  Sterling Holiday Resorts  at Rs 219.96 on the BSE.

On Friday, Sterling Holiday Resorts (India) closed at Rs 219.05, down Rs 2.15, or 0.97 percent.

The share touched its 52-week high Rs 229 and 52-week low Rs 87.50 on 13 January, 2015 and 16 January, 2014, respectively.


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WRC 2015: VW Motorsport reveals the second-gen Polo R WRC

Written By Unknown on Jumat, 16 Januari 2015 | 14.02

The WRC Polo R Cup has been the dominant force over the last two World Rally Championship seasons. The car in its debut season in 2013, stormed into the championship, ate the competition and spat it out at the scenery as it rose to the top spot. Amassing ten wins out of thirteen rallies, the car in the able hands of Sbastien Ogier helped Volkswagen clinch the driver and manufacturer title. 2014 was even better with the car winning eleven rallies, bagging a second consecutive championship for both Ogier and Volkswagen. So, what does... Read More


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Budget sops likely for gems and jewellery sector

The sector contributes significantly to growth in the country's overall exports and has been identified by the government as one of the 25 focus segments for 'Make in India' campaign.

The gems and jewellery sector, one of the focus areas of the ambitious Make in India programme, may get incentives in the Union Budget next month.

The sector contributes significantly to growth in the country's overall exports and has been identified by the government as one of the 25 focus segments for 'Make in India' campaign.

Commerce and Industry Minister Nirmala Sitharaman hinted that the sector may get some incentives soon.

The issues related to this sector were widely discussed recently at a 'Make In India' workshop and a presentation was given to Prime Minister Narendra Modi in this regard by Commerce Secretary Rajeev Kher.

A huge export potential exists in the sector and "I expect that some suggestions made in the presentation" may figure in the Budget, Sitharaman said here at the CII's Partnership Summit last evening.

Speaking at the event, Sitharaman also sought domestic and foreign investments in states, while adding that the 'Make In India' campaign mainly focuses on states.

"Emerging economies' strengths lie in the states. We need to identify the steps taken at the state level and also to ensure that action on 'Make in India' is not restricted only to Delhi. 'Make in India' should happen in the states. In Rajasthan, we have identified the intrinsic strength of the state and we are focussing on that," Sitharaman said.

As many as 51 countries, their trade and economic ministers and multilateral bodies like the World Intellectual Property Organization (WIPO) and the World Trade Organization (WTO) are participating in the two-day function that began
yesterday.

Sitharaman also said 'Rajasthani' diaspora should act as brand ambassadors abroad for state government's investment proposals in certain key sectors where the state has maximum potential.

"Prime Minister wants representatives from the states to be at the consulates and embassies abroad to take forward their individual interests in the countries where they are based at so that investments can come directly to the state," she added.

"Make In India aims to address India's ease of doing business rankings and improve it by boosting manufacturing and synergising exports," she said.


14.02 | 0 komentar | Read More

Prefer PNB: Mahantesh Sabarad

Mahantesh Sabarad, Deputy Head-Research at SBICap Securities is of the view that one may prefer PNB.

Mahantesh Sabarad, Deputy Head-Research at SBICap Securities told CNBC-TV18, "RBI's action in a way was surprising because it has not happened typically along with the monetary policy discussions that the Governor has but having said that it is only 25 bps rate cut. We expect that as we go into the year FY16 and towards the end of FY16 we should see another 75-100 bps rate reduction. So from a fundamental perspective it makes a lot better or lot more sense for most banking stocks because their cost of fund will start falling down and hopefully we will see a kicker coming in, in terms of credit growth."

"So within the space of bank we like  PNB . On valuation perspective it's just about trading at one time book or slightly below one time its book value and we think that as credit growth revives going into the next year, PNB will be among the forefront. It has had a weak credit
growth in the past three years. So it will accelerate very fast in this environment relative to its peers," he said.


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DB Corp Q3 profit rises 11% to Rs 105.2 cr, meets forecast

Written By Unknown on Kamis, 15 Januari 2015 | 14.03

DB Corp matched street expectations on Thursday by reporting a 11.2 percent growth in consolidated net profit at Rs 105.1 crore for the quarter ended December 2014. Profit in the year-ago period was Rs 94.5 crore.

Moneycontrol Bureau

DB Corp  matched street expectations on Thursday by reporting a 11.2 percent growth in consolidated net profit at Rs 105.1 crore for the quarter ended December 2014. Profit in the year-ago period was Rs 94.5 crore.

PAT growth was supported by operating profit but was impacted by lower other income and higher tax & finance cost.

Consolidated total income of the print media company grew by 7 percent to Rs 554.6 crore during October-December quarter from Rs 518.2 crore in the year-ago period. Total expenses increased to Rs 392.2 crore from Rs 379.2 crore during the same period.

Operating profit (EBITDA) shot up 19.4 percent year-on-year to Rs 185 crore and margin expanded by 340 basis points to 33.3 percent in the quarter gone by.

Other income declined to Rs 2.86 crore during the quarter from Rs 7.42 crore while finance cost jumped to Rs 3.18 crore from Rs 1.32 crore on year-on-year basis.

At 12:06 hours IST, the stock was quoting at Rs 397.80, down Rs 0.20, or 0.05 percent on the BSE.


14.03 | 0 komentar | Read More

Pro-SME measures taken in Telangana new industrial policy

The new policy will also have a state government-level credit guarantee scheme, he said, adding the government would like to work out a system wherein it is able to guarantee each and every SME application posted before the bank

PTI

Telangana's new Industrial policy will have measures to support Small and Medium Enterprises (SMEs) in the state, a senior official said.

"Telangana has a new industrial policy from December 1 that has been approved by the state assembly. It speaks about a separate empowered State-Level Bankers' Committee exclusively for SMEs and creation of an Insurance Fund as well," Telangana Commissioner for Industries Jayesh Ranjan said.

He further added, "In order to ensure that state-level Bankers' Committee is also be able to adequately devote time and attention to specific needs of SMEs, we have proposed in the new industrial policy that there will be a separate empowered State-Level Bankers' Committee for SMEs."

The new policy will also have a state government-level credit guarantee scheme, he said, adding the government would like to work out a system wherein it is able to guarantee each and every SME application posted before the bank.

"We are concerned about the growing incidence of sickness in the SME sector. The fund has not been created in the present budget. But in the next budget (2015-16), we will be providing some kind of Insurance Fund for SMEs which are potentially likely to become sick," he said.

"Their trajectory will be monitored and at any point of time when there are enough evidence to indicate for financial intervention for that industry/SME to avoid sickness, relief will be provided from the Insurance fund," Ranjan added, who is also Vice-Chairman and Managing Director, Telangana State Industrial Infrastructure Corporation.

On other features in the policy, Ranjan said there is huge industrial land bank close to 2.5 lakh acres in the state.

"The land will be converted into industrial parks and plots would be reserved for SMEs and micro sector in each park," he said.


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Buy crude zinc: Kunal Shah

Watch the interview of Kunal Shah of Nirmal Bang Commodities with Ekta Batra and Anuj Singhal on CNBC-TV18. He spoke about the current trend in commodities markets.

Watch the interview of Kunal Shah of Nirmal Bang Commodities with Ekta Batra and Anuj Singhal on CNBC-TV18. He spoke about the current trend in commodities markets.


14.03 | 0 komentar | Read More

Sensex extends fall post WPI inflation data; Yes Bank gains

Written By Unknown on Rabu, 14 Januari 2015 | 14.02

Food inflation was 5.2 percent against 0.63 percent in previous month while manufactured products inflation declined to 1.57 percent from 2.04 percent during the same period.

12:20

Moneycontrol Bureau The market extended losses in noon trade after WPI inflation inched up marginally to 0.11 percent in December. Inflation in November was zero. The rise in inflation was due to increase in food prices. Food inflation was 5.2 percent against 0.63 percent in previous month while manufactured products inflation declined to 1.57 percent from 2.04 percent during the same period.

The Sensex fell 94.26 points to 27331.47 and the Nifty slipped 21.65 points to 8277.75. About 1177 shares have advanced, 1317 shares declined, and 335 shares are unchanged.

Yes Bank's third quarter (October-December period) profit climbed 30 percent to Rs 540.3 crore, driven by strong net interest income and other income. But the rise in provision limited profits to some extent. Net in the year-ago period was Rs 415.60 crore. The stock gained 1 percent.

ITC remained under pressure today, down 3 percent on news that the government is looking to ban the sale of loose cigarettes.

Tata Teleservices is locked at 20 percent upper circuit as the RBI asked government to allow Tata group to pay NTT Docomo a previously agreed price of Rs 58 for 26 percent stake in parent, Tata Teleservices. This is despite it being much higher than the determined fair value price of Rs 23.34 a share. RBI also recommended that such a stance should be taken for all similar future deals.

Commodity rout dragged Asian markets lower today. Oil continued to trade near 6-year lows and copper too slipped to levels not seen since mid-2009. Gold dipped from 12-week highs as concerns over a supply glut in oil and slowing consumption in China dampened sentiment.

11:00

HUL, BHEL, Bajaj Auto, and HDFC twins are top gainers in the Sensex. Among the losers are Sesa Sterlite, Hindalco, ITC, Tata Steel and GAIL.

Read More »

10:00

Hindustan Unilever, which snapped six-day rally in previous session, resumed rally again. The stock gained 2.4 percent followed by BHEL and Bajaj Auto with 1-2 percent gain.

Read More »

09:15

TCS, Tata Motors, BHEL, Wipro and Hero are top gainers while ITC, ICICI Bank, Sesa Sterlite, Dr Reddy's Labs and Hindalco are among the laggards.

Read More »


14.02 | 0 komentar | Read More

Buy gold and sell copper: Ram Pitre

Watch the interview of Ram Pitre of Anand Rathi Commodities with Ekta Batra and Anuj Singhal on CNBC-TV18. He spoke about the current trend in commodities markets.

Watch the interview of Ram Pitre of Anand Rathi Commodities with Ekta Batra and Anuj Singhal on CNBC-TV18. He spoke about the current trend in commodities markets.


14.02 | 0 komentar | Read More

Union Bank of India's Q3 results on January 27, 2015

Union Bank of India has informed BSE that a meeting of the Board of Directors of the Bank will be held on January 27, 2015, inter-alia, to consider and take on record the unaudited financial results of the Bank for the 3rd quarter ended December 31, 2014 (Q3).

Union Bank of India has informed BSE that a meeting of the Board of Directors of the Bank will be held on January 27, 2015, inter-alia, to consider and take on record the unaudited financial results of the Bank for the 3rd quarter ended December 31, 2014 (Q3).Further, as per Clause 12 of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulation, 1992, the Trading Window' for dealing in the shares of the Bank will be closed from January 14, 2015 to January 28, 2015 (both days inclusive).Source : BSE

Read all announcements in Union Bank


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Eyeing inorganic opportunities to increase growth: Torrent

Written By Unknown on Senin, 12 Januari 2015 | 14.03

Torrent Pharma  is eyeing inorganic opportunities to accelerate growth, says chairman Samir Mehta. The company has been a star performer in 2014 crossing market capitalisation of Rs 18,000 crore from Rs 8000 crore in the year.

Torrent was the most promising company of the year at CNBC-TV18's The India Business Leader Awards.

Speaking to CNBC-TV18, Mehta says integration with  Elder Pharma has worked out well and will become cash-accretive by next year. The company acquired Elder Pharma's branded formulation business which helped in pushing growth.

However, the US growth of Torrent is likely to be subdued in 2015. The company will look at growing scale in the US market, adds Mehta.

Below is verbatim transcript of the interview:

Q: Is there any impact of the currency depreciation in Brazil? How can that impact Torrent Pharmaceuticals' performance?

A: Not really. At the end because of the strengthening of dollar vis-à-vis rupee, overall impact of real depreciation on the company is not significant at all.

Q: What would be the impact for Venezuela?

A: We do not have much business in Venezuela, so that hardly matters to us.

Q: How is Elder Pharma integration panning out and what is the combined growth expected from the portfolios?

A: Elder integration has worked out quite well. It has been about six months since we acquired. The Elder portfolio was de-growing heavily over the last few years. Over these two quarters we have come back to a position of growth in the second quarter and we hope to continue to build on this.

Q: When is the integration expected to become cash or earning per share (EPS) accretive?

A: It should be cash accretive next year and EPS accretive the following year.

Q: Branded growth has been very robust in the previous quarters. What can we expect in terms of run rate in the coming quarters for the branded India growth?

A: We have been doing better than the industry average and we hope to continue to do that over the next several years.

Q: Is the company eyeing any more inorganic opportunities to fuel further growth?

A: Yes, it is an important way through which growth would be achieved over the next five years. At this moment Elder integration is something that we are occupied with but once we have completed that task on hand, we would look at more opportunities.

Q: Where you see more opportunities - domestic or international and if you could also mention the ticket size of possible acquisitions?

A: It is hard to say what would be the size at this point in time but India is certainly a growth market and we need to continue to build our business here. US is another important market where we been relatively late entrant and we need to grow the size there.

Q: Last year you benefited quite a bit from Cymbalta generic. What is the plan in terms of scaling up for this year?

A: Cymbalta was an exceptional opportunity. It is unlikely that such opportunities will keep repeating but we do have interesting mix of Para IV in our portfolio and we hope that some of them would fructify over the next couple of years.

Q: How will be the US business growth in 2015?

A: Since it's been on a large base of Cymbalta which was a one-off effect, over the 12 months we would see subdued growth but once that base effect is corrected, should come back to high growth base again.

Torrent Pharma stock price

On January 12, 2015, at 12:30 hrs Torrent Pharmaceuticals was quoting at Rs 1183.30, up Rs 1.20, or 0.10 percent. The 52-week high of the share was Rs 1220.00 and the 52-week low was Rs 464.10.


The company's trailing 12-month (TTM) EPS was at Rs 46.27 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 25.57. The latest book value of the company is Rs 135.31 per share. At current value, the price-to-book value of the company is 8.75.


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Assured foreign investors retro tax to be resolved: Jaitley

Jaitley said the adversarial tax regime in India had scared investors away and none of the past issues had fetched any revenues for the country either

Reiterating the government's pledge to make the tax regime more business friendly, Finance Minister Arun Jaitley said foreign investors have been assured of the retrospective tax issue being rectified soon.

He was addressing companies and investors at the Vibrant Gujarat Global Summit on Monday.

Jaitley said the adversarial tax regime in India had scared investors away and none of the past issues had fetched any revenues for the country either.

He said the government was creating mechanisms in revenue department to simplify tax administration.

He said clearing the mess in the coal and power sector was high on the government's priority and that auction of coal blocks would begin soon. He said the blocks would be auctioned via reverse bidding to ensure there was price stability. Also, the government would ensure there was no rigging in the bidding process.

Jaitley expects the pace of economic growth to pick up in the coming days.

He said the government will focus on building on the interest that investors have been showing ion India.

Jaitley expects GST to become a reality by next fiscal and said many states have been co-operating.

He said there will be significant reforms in the banking sector in the coming years.

On the issue of non performing assets, he said the government did not want to come in between banks and borrowers. He said there were a few cases of indiscretion, but most cases relating to bad loans were a result of the slowing economy.

Jaitley said diesel pricing has already been linked to market rates and the next set of subsidy reforms would be done after the export management commission came out with its report.

He said the first smart city to be created would be Chandigarh.


14.03 | 0 komentar | Read More

ONGC may go upto Rs 420: Harendra Kumar

Harendra Kumar of Elara Capital feels that Oil and Natural Gas Corporation may go upto Rs 420.

Harendra Kumar of Elara Capital told CNBC-TV18, "Our top picks are  Oil and Natural Gas Corporation (ONGC),  Oil India and  Mangalore Refinery and Petrochemicals Limited (MRPL). So ONGC at Rs 330 we had upgraded before the last bounce and we continue to stay positive. Two or three triggers, one is the average realisation will be clear, the government is going to go out and create a lot of sound bites for the disinvestment program in terms of no subsidy and overall valuations are also cheap for ONGC. So I think ONGC has a significant upside. Our target price is close to Rs 420 and eventually it will get there during this course of the year. So among the heavyweights it is a better play vis-a-vis some of the other industrials that business street is looking at."

At 12:13 hrs Oil and Natural Gas Corporation was quoting at Rs 347.95, down Rs 3.10, or 0.88 percent on the BSE.

The share touched its 52-week high Rs 472 and 52-week low Rs 264 on 09 June, 2014 and 04 February, 2014, respectively.


14.03 | 0 komentar | Read More

India manage a nervous draw, Australia win series 2-0

Written By Unknown on Minggu, 11 Januari 2015 | 14.02

The match was evenly poised in the final session - with India needing 189 runs in 33 overs and Australia an improbable eight wickets away. An Indian win or a draw seemed the most likely results but the dismissals of Murali Vijay (80) and Virat Kohli (46) opened the floodgates.

It seemed the Adelaide nightmare will return to haunt India in the final session of the Sydney Test as well, but some sensible batting by Ajinkya Rahane and Bhuvneshwar Kumar allowed the hosts to overcome a five-wicket loss post tea to secure a nervous draw but lose the Border-Gavaskar Trophy to Australia 2-0.

The match was evenly poised in the final session - with India needing 189 runs in 33 overs and Australia an improbable eight wickets away. An Indian win or a draw seemed the most likely results but the dismissals of Murali Vijay (80) and Virat Kohli (46) opened the floodgates.

India had lost the first Test in Adelaide from the same position, where they lost eight wickets in the final session of the game to concede defeat. And history looked like repeating itself until Rahane (38*) and Bhuvneshwar (20*) buckled down to play out the last 11.3 overs of the day.

Australia declared at their overnight score of 251 for 6, leaving India a target of 349 to win - something that had never been done before at the SCG. And a 74-run stand between Kohli and Vijay kept India in the game.

But both fell soon after tea - Vijay to Josh Hazlewood and Kohli to Mitchell Starc, followed by Starc ending Suresh Raina's Test comeback with a dreadful pair and Saha also getting dismissed for a duck, lbw to Nathan Lyon. And when first-innings half-centurion Ashwin (1) too fell cheaply, the cat was set among the pigeons in the Indian dressing room.

Starc, Hazlewood and Lyon all took two wickets to keep their team interested.

The old ball was nicely reversing for Starc and spinning viciously for Lyon on a breaking SCG track. However, captain Steven Smith chose to take the new ball after 80 overs, which is where India found a window to scrape with a draw.

The Indian innings didn't start on a promising note as the first-innings hero KL Rahul could score only 16 runs before Lyon sent him back.

Rohit Sharma came in at No. 3 and stitched a useful 56-run partnership with Vijay. But he failed to kick on and was caught in the slips by Smith off Shane Watson for 39.

For his 769 runs in the series, including four centuries, Australia's stand-in skipper Smith was named the Man of the Series. He was also awarded the Man-of-the-Match award for his 117 and 71 in this Sydney Test.


14.02 | 0 komentar | Read More

BJP poll campaign@Delhi: Modi targets 'anarchist' Kejriwal

Kickstarting BJP's poll campaign for Delhi, Prime Minister Narendra Modi today wooed voters with a host of promises as he singled out 'anarchist' AAP leader Arvind Kejriwal for attack and asked voters to punish him for "wasting" one year.

Without naming Kejriwal or his party, Modi said at a rally here that if the AAP leader wants to be an "anarchist" as he has claimed to be, he should go to jungles to join naxals as Delhi cannot have anarchy. Kejriwal had said about a year ago that he is an "anarchist".

During the 30-minute address, he suggested that Kejriwal has "mastery" in "lies" and dharnas and protests and should be given that role only and that power should be given to BJP which has "mastery" in administration.

At the rally at Ramlila Ground attended by all three new BJP Chief Ministers of Maharashtra, Haryana and Jharkhand, Modi sought a clear mandate for his party to ensure allround development and create a "new" Delhi.

Delhi, which is under President's Rule, is expected to have Assembly polls next month. Promising to take Delhi to new heights of development, the Prime Minister said people here will be given an option of choosing their power service provider on the lines of mobile number portability and pledged to make Delhi slum-free by 2022.

He also promised to usher in a corruption-free system, saying it has been started at the top and gradually it will reach down to colonies. In a apparent reference to Kejriwal's comment made almost a year back that he was an anarchist, Modi said "if somebody is an anarchist, he should go to the jungles and join the naxals. Do not allow Delhi's pride to be affected by anarchy. Delhi will not benefit from it."

Apparently referring to resignation by Kejriwal  government on February 14 last year after being in power for 49 days, he said, "people should punish those because of whom one year of Delhi was wasted."

Committing to provide a corruption-free society, Modi said he already commenced the cleansing from the top and asked if anyone has heard any complaint about him ever since he took over as Prime Minister some seven months back.

"Trust me, I will clean up the system. I have started from the top and I will take it to the bottom. People take money from auto drivers, shopkeeper, the poor people...It will all stop," the Prime Minister said.

Reaching out to the vast slum population, he promised to replace the slums with concrete houses by 2022, saying "your dream is my dream." He said steps have already been initiated in this regard by the Urban Development Ministry.

While talking about schemes benefitting the poor, he referred to Jan Dhan and said bankers, who earlier used to be reluctant to open accounts of the people from lower economic strata, are now going house-to-house to open zero-balance accounts.

"So far 11 crore accounts have been opened as against the target of 7 crore by January 26," he said adding though people had an option of opening zero-balance accounts, Rs 8,500 crore were deposited by them. In Delhi alone, 19.50 lakh accounts were opened under the scheme," he said.

Taking a dig at the Congress over its claim of standing by the poor, he said "who was running government for the rich and who is running government for the poor has been proved by the Jan Dhan scheme."
Promising 24 hour power supply to Delhi, Modi said he will rid the city of generators which will also ensure a cleaner environment. "We will shut the voice of generators in Delhi.

It will also help clean up the air by reducing poisonous gases." He said BJP was all set to take some "revolutionary steps" in Delhi which no one can even think of and talked about portability of choosing power service providers on the line of mobile number portability.

Assuring to end water woes in Delhi, he said BJP-ruled Haryana has promised to provide more water to Delhi after Central intervention. He also hailed people of Jammu and Kashmir for coming out in large numbers and defeat the separatist forces.

Modi termed Amit Shah as the "most successful" party president as under his leadership party has achieved unprecedented success in various states.

Without naming anybody, the Prime Minister said a "factory of lies" has come up in the city and rumours are being spread that if BJP comes to power, the retirement age of government employees will be reduced from the current 60 to 58 years.

He said those spreading lies cannot be defeated by anybody except the people and asked the voters to do so. "The government never thought about it and never spoke about it. And still a lie is being spread. Every day a new lie is being manufactured. Spreading lies is their job and their politics. Modi can never back stab anyone...Elect a good government in Delhi. Give us a clear mandate," he told the gathering.


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