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Latest company research reports
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Mindtree: A Possible Star
17 Jun 2013, Punit Jain
Over the next 2-3 years, exports growth is going to become very important in the Indian economy. The Software sector which is the leading exporter (25% of Indian exports in FY13) will receive a number of sops and benefits. In addition the USD strengthening will also boost sector performance. Mindtree is at a critical phase of growth, where it should be able to accelerate revenues and profits from this point, having achieved a certain critical mass. Buy
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M&M Q4FY13: Higher Volume, Increasing Realisations
14 Jun 2013, SPA Securities
M&M reported net sales of ~Rs104.9 bn in Q4FY13 vis-à-vis ~Rs93.8 bn in Q4FY12 registering a growth of ~11.8% YoY despite an increase of 3% in the excise duty on SUVs in the Union Budget 2013, whereas APAT grew ~6.8% YoY from ~Rs7.7 bn in Q4FY12 to ~Rs8.2 bn in Q4FY13.
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TBVF: Listed player in the space
14 Jun 2013, Sanjay Chhabria
Talwalkars Better Value Fitness(TBVF) was formed in 2003 but its co-promoters i.e. the Talwalkars has been in the fitness business for over five decades. The co-promoters had opened its first gym in 1962 in Mumbai. TBFV is the largest health club player in the country and amongst top twenty in the world.
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TCS: No acceleration in demand yet
14 Jun 2013, Prabhudas Lilladher
Prabhudas Lilladher attended Tata Consultancy Services\' \"Sell Side Analysts\' Meet\" on June 11, 2013. Cross currency will have negative impact (~30-60bp) on revenue, whereas Rs depreciation will have positive impact (~75-125bp) on operating margin in Q1FY14
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Tech Mahindra: Merger approved - Integration benefits to flow-in
14 Jun 2013, SPA Securities
Andhra High Court has approved the merger of Tech Mahindra (TechM) and Mahindra Satyam (Satyam). The approval clears the last hurdle in the merger process of TechM and Satyam (Satyam).
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Today NSE Nifty 18/06/13 Best Intraday equity trading tips calls- Sell- CESC Ltd below 331.00 with Target of Rs. 329.50/327/325.00 SL- 334.00 Sell- Indusind Bank Ltd below 48...
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NIFTY SPOT TREND- CONSOLIDATE RES 1: 5910 RES 2: 5975 SUPP 1: 5750 SUPP 2: 5680 STRATEGY: BUY ON DIPS BANK NIFTY FUTURE TREND- CONSOLIDATE RES 1: 12140 RES 2: 123...
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