Tata Motors posted 1.9% q-o-q growth in its top-line at Rs 11,520 crore. Overall volumes de-grew by 5.8% q-o-q, whereas average realization/vehicle improved 8.2% q-o-q on account of better product mix and price hikes taken during the previous quarter. Sequentially, the raw material cost/vehicle increased by 4.9% compared to the 8.2% increase in realisation/vehicle. As [...]
Hindalco Industries (Hindalco) reported a lower-than-expected EBITDA of Rs 740 crore for Q3FY11, as against our estimate of Rs 860 crore, mainly due to (1) lower copper production on account of cooling tower outage, higher energy costs and an appreciating rupee, (2) lower aluminium volumes arising from smelter outage at Hirakud and higher energy costs [...]
Sentiments pretty weak about railways stock: JV Capital Railway is a sector which is talked about around February time ahead of the budget. This time is different. Sentiment is pretty poor. I do not think I am going to be too convinced that anything is going to happen in the railway budget which is going [...]
In an interview with ET Now, Deepak Mohoni , Director, trendwatchindia.com, shares his trading calls. What is the call on NHPC ?? It is still in a downtrend. Yesterday was a new low for the stock. The only thing you could say in its favour is that it is not falling that fast. It is [...]
Recommendation: Buy Market Price: Rs 153.90 Target Price: Rs 200 The company is a key beneficiary of the upturn in agri-commodity prices, wirth a strong and well-diversified product profile. Benefits of restructuring and integration of acquired entities will lead to a CAGR of 23% in net profits over FY10-12 period. The stock is available at [...]
Recommendation: Buy Market Price: Rs 62.55 Target Price: Rs 116 Magma Corp is a niche player in the vehicle and equipment financing business in the rural and semi-urban areas. Superior asset quality and strong collection efficiency reflects the company’s clean asset book. The company has a unique business model, available at attractive valuations of less [...]
On the daily chart, the stock has been forming the pattern of lower high and lower lows since first week of January 2010. Though on Wednesday, the stock pulled back to close around its 200-daily moving average, the recovery failed to sustain in yesterday’s session and failed to give a close above its 200-DMA, closing [...]
Led by a strong growth in the monolithic business, Sintex Industries’ (Sintex) total income from operations grew at 40% year-on-year (y-o-y) to Rs1,184 crore (vs our estimate of Rs990 crore) in Q3FY2011. For the quarter, the monolithic business executed orders worth Rs349 crore (+171% y-o-y). Aided by a soft base in Q3FY2010, the textiles division [...]
PVR Pictures, the film distribution and production subsidiary of PVR, has indicated to invest approx Rs 100–125 crore in the production and distribution of movies in FY2012. The company is likely to release 15 Hollywood and 3-4 Bollywood movies by FY2012. It also has a pipeline of eight English movies slated for release by close [...]
Infosys Technologies’ (Infosys) performance for Q3FY2011 was below our expectations with a net profit growth of 2.5% sequentially to Rs1,780 crore (our expectation was of Rs1,848.1 crore). The quarter’s volume growth has disappointed as the volume grew by merely 3.1% quarter-on-quarter (q-o-q). However, there was a blended pricing uptick of 0.5% on the constant-currency and [...]
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